Stock Track | Bloom Energy Plummets 5.15% in Intraday Trading as Jefferies Maintains Underperform Rating Despite Price Target Hike
Stock Track
Feb 10
Bloom Energy Corp's stock fell 5.15% during intraday trading on Tuesday, as the market reacted to mixed signals from analysts.
Despite Jefferies raising its price target on Bloom Energy to $102 from $92, the firm maintained an Underperform rating on the shares. This suggests that while the analyst sees some upside potential in the stock price, they still believe it will perform worse than the broader market or its industry peers.
The market's negative reaction highlights investor concern over the maintained Underperform rating, which outweighed the positive aspect of the increased price target.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.