Why Bloom Energy's Shares Popped 10% on Wednesday
Shares of hydrogen fuel cell company Bloom Energy (NYSE: BE) jumped as much as 10% in trading on Wednesday after getting a positive note from an analyst. Shares were up 5.7% at 3:30 p.m. EST.
Bernstein analyst Neil Beveridge initiated coverage on Bloom Energy's stock with a market perform rating and a $41 price target, a level the stock traded above briefly today. The call may be a little underwhelming, but it's the $2.1 trillion opportunity that was a big number to investors.
Image source: Bloom Energy.
Source Fool.com
