Jefferies Just Raised Its Bloom Energy Price Target -- Stock Jumps 10%

This article first appeared on GuruFocus. Bloom Energy (BE) climbed nearly 10% Tuesday after Jefferies raised its price target to $264 from $229 while retaining a Hold rating. Analyst Julien Dumoulin-Smith pointed to several large commitments supporting Bloom Energy's power-generation business. The company has a $25 billion financing arrangement tied to Brookfield, while AEP has placed a $2.65 billion firm order, the report said. Warning! GuruFocus has detected 6 Warning Signs with BE. Is BE fairly valued? Test your thesis with our free DCF calculator.BE GF Value chart Bloom Energy expects about 2 gigawatts of capacity to be installed by year-end.