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Bloom Energy's stock wilts after BofA's ‘sell' call
BEBloom Energy(BE) Market Watch·2024-01-29 16:33

Shares of Bloom Energy Corp. sagged Monday toward their worst monthly performance in nearly two years after BofA Securities turned bearish on the hydrogen manufacturer, citing concerns that revenue growth won’t ramp up as much as was expected.Analyst Julien Dumoulin-Smith said he has not seen evidence of the commercial successes that have been anticipated, and therefore now expects revenue to be flat over the next few years, compared to previous expectations of accelerating growth.Dumoulin-Smith downgraded ...