Mizuho Lifts Bloom Energy to Outperform, Cites Earlier-Than-Expected Margin Gains and Execution Strength
Mizuho upgraded Bloom Energy from Neutral to Outperform and assigned a $242 price target, pointing to better-than-expected operational execution, accelerating margin expansion and improving operating leverage. The firm said revenue and product shipments beat its forecasts, that operating leverage has shown up sooner than projected, and highlighted …