RBC Capital analyst Chris Dendrinos maintains $Bloom Energy (BE.US)$ with a buy rating, and adjusts the target price from $15 to $28.
According to TipRanks data, the analyst has a success rate of 37.9% and a total average return of -1.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bloom Energy (BE.US)$'s main analysts recently are as follows:
The company's agreement with American Electric is viewed positively for market sentiment and enhances visibility.
The recent agreement between Bloom Energy and American Electric is seen as a significant positive development. However, the timing and size of future order growth are still uncertain, as American Electric has no commitment to place further orders. It's believed that a fair share of anticipated future orders has already been incorporated into Bloom's current valuation.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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