Jefferies raised its price target on the stock to $31, up from $24, and noted that there are “some early signs of over-exuberance” in the stock.
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.
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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.
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