Bloom Energy Stock Drops 9% After Jefferies Downgrade – Here’s The New Price Target

Jefferies raised its price target on the stock to $31, up from $24, and noted that there are "some early signs of over-exuberance" in the stock.

Bloom Energy (BE) shares fell nearly 9% in premarket trading on Wednesday after Jefferies downgraded the stock to ‘Underperform’ from ‘Hold,’ citing limited visibility into Bloom's growth post 2026.

The stock was the top trending ticker on Stocktwits on Wednesday morning. Jefferies also raised its price target on the stock to $31, up from $24, according to TheFly. The firm noted that there are "some early signs of over-exuberance" in the stock.

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