Bloom Energy Stock Drops 9% After Jefferies Downgrade – Here’s The New Price Target

Bloom Energy (BE) shares fell nearly 9% in premarket trading on Wednesday after Jefferies downgraded the stock to ‘Underperform’ from ‘Hold,’ citing limited visibility into Bloom's growth post 2026.

The stock was the top trending ticker on Stocktwits on Wednesday morning. Jefferies also raised its price target on the stock to $31, up from $24, according to TheFly. The firm noted that there are "some early signs of over-exuberance" in the stock.

Jefferies also cited Bloom's "rich valuation" as a factor behind the downgrade, adding that it wants to see "significantly incremental company-specific data points" to justify current share levels.

Retail sentiment on Bloom Energy remained unchanged in the ‘extremely bullish’ territory, with message volumes at ‘extremely high’ levels, according to data from Stocktwits. The retail user message count on the stock jumped 288% in the last 24 hours on Stocktwits.

Last week, Roth Capital raised the firm's price target on the stock to $73 from $34, noting that it remains positive on the company's expected momentum in the Commercial & Industrial segment.

A bullish user on Stocktwits noted that they would rebuy the shares when they hit the low $60s mark.

https://stocktwits.com/StockBraker/message/629800758

Wall Street analysts have noted that Bloom’s new relationship with Oracle (ORCL) was gaining momentum, as Oracle experiences a significant surge in demand.

Shares of Bloom have gained over 203% this year and jumped 562% in the last 12 months.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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