Investors were sure energized about the potential of hydrogen power specialist Bloom Energy (NYSE: BE) on Friday. That followed a glowing analyst note on the company from an investment bank. Aided by his optimism, the stock gained more than 7%, trouncing the S 500 index, which edged down by 0.3%.

The prognosticator behind the note was Chris Dendrinos of RBC Capital, who initiated coverage on Bloom Energy stock with a recommendation of outperform (buy, in other words). He set his price target at $24 per share, nearly 44% over the stock's current price.

Dendrinos feels that the long-tail move toward greener energy solutions will benefit Bloom Energy, as its technology is clean, efficient, and reliable. 

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Source Fool.com