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Bloom Energy Stock Plummets Despite Raised Price Target
Bloom Energy Stock Plummets Despite Raised Price Target
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BTCCSquare news:
Bloom Energy (BE) shares tumbled 11.2% after Bank of America's paradoxical price target adjustment. While raising its target to $24, the bank implied a 70% downside from current $76+ levels—a stark contrast to the stock's 650% AI-driven rally this year.
The hydrogen pioneer's valuation now sits at 852x earnings, with $24 million trailing profits supporting a $20.2 billion market cap. Fuel cell contracts with tech giants for AI data centers failed to translate into raised earnings guidance, fueling skepticism about profitability.
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