Stock Track | Bloom Energy Soars 5.21% Intraday on Analyst Price Target Hike and Undervaluation Spotlight
Stock Track
Feb 09
Bloom Energy Corp's stock surged 5.21% during intraday trading on Monday, driven by positive analyst actions and a report highlighting the company's valuation.
The movement follows Mizuho raising its price target for Bloom Energy to $110 from $89. Concurrently, Barclays maintained its Hold rating on the stock with a price target of $153.00.
Further contributing to the positive sentiment, a separate analysis identified Bloom Energy as an undervalued stock, estimating it trades approximately 14% below its calculated fair value of $166.32 based on discounted cash flow models. This combination of upwardly revised price targets and favorable valuation commentary appears to have fueled investor interest in the session.
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