Bloom Energy Stock Jumped 7% This Morning – Here’s What Happened
Synopsis
Morgan Stanley raised its price target on the stock to $85 from $44 and maintained an ‘Overweight’ rating, according to TheFly.
Bloom Energy (BE) shares jumped nearly 7% before the bell on Tuesday after Morgan Stanley raised its price target on the company, citing that Bloom’s new relationship was ramping with Oracle (ORCL), which is undergoing a "massive inflection in demand.”
Morgan Stanley raised its price target on the stock to $85 from $44 and maintained an ‘Overweight’ rating, according to TheFly. Bloom Energy was the fourth most trending ticker on Stocktwits on Tuesday morning, and the stock saw a 420% increase in retail user message count on the platform in the last 24 hours.
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