Yahoo Finance

RBC Capital keeps an Outperform rating and a $28 price target on Bloom Energy (BE) but notes that the company’s 6 MW transaction with Conagra (CAG) announced this morning highlights power shortages and Bloom’s market opportunity that expands well beyond datacenters. The company has established a strong blue chip customer base across multiple verticals, and the firm believes that Bloom’s SAM – Serviceable Addressable Market -continues to expand as energy grids become more constrained and utility prices continue to rise, the analyst tells investors in a research note.

Don't Miss Our End of Quarter Offers:

• Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks.

• Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on BE:

Disclaimer & DisclosureReport an Issue

• Conagra Brands collaborating with Bloom Energy for fuel cell technology use

• Bloom Energy put volume heavy and directionally bearish

• Kroger, AST SpaceMobile, Dominion, Prospect, Bloom: Insider Moves Unveiled

• Monday.com, Incyte, Lucid, Bloom, EQT: Trending by Analysts

• Morgan Stanley ups Bloom Energy target, sees path to $60 per share