BE - Why This Bloom Energy Analyst Says The Company Could Blossom In 2024 | Benzinga
In December 2023, Bloom Energy Corp (NYSE: BE) inked a deal with SK Ecoplant, a subsidiary of South Korean conglomerate SK Group, for the sale of its electrolyzer technology for hydrogen production.
The company has several catalysts for 2024, including cost reductions, improvements in its manufacturing process, and electrolyzer sales, according to Baird.
The Bloom Energy Analyst: Ben Kallo upgraded the rating for Bloom Energy to Outperform while raising the price target from $16 to $22.
The Bloom Energy Thesis: The sales agreement with SK Ecoplant is expected to generate $1.5 billion in ...