Roth Capital Raises Bloom Energy Corporation (BE)’s Price Target

Bloom Energy Corporation (NYSE:BE) is among the 11 Best Hydrogen Stocks to Invest in Now. Roth Capital increased its price target for Bloom Energy Corporation (NYSE:BE) from $25 to $34 on August 1 while keeping its rating at Neutral following the firm’s Q2 earnings beat. According to analyst Chip Moore, the firm’s patented solid oxide technology platform and its capacity to quickly implement solutions in regions with growing grid constraints have allowed it to dominate the hydrogen fuel cell market.Roth Capital Raises Bloom Energy Corporation (BE)'s Price Target

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Bloom Energy Corporation (NYSE:BE) is positioned as an important player in the energy transformation, providing customers with scalable, sustainable power solutions. Roth Capital’s view shows faith in its proven technology and its long-term ability to assist in decarbonization initiatives.

Based on Moore’s statement, Bloom Energy Corporation (NYSE:BE)’s solid oxide platform is strategically relevant as energy infrastructure experiences increasing strain since it can be used for both stationary power generation and integration into changing hydrogen ecosystems. The revised target comes after stronger-than-expected quarterly results, even though Roth Capital’s Neutral attitude reflects a balanced assessment of valuation at present share levels. It is among the Best Hydrogen Stocks.

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