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Bloom Energy shares down 7% as Credit Suisse keeps sell rating on stock

Shares of Bloom Energy lost 7% on Friday as analysts at Credit Suisse saved the an identical of a promote rating at the inventory and a worth goal of $24, which represents 20% problem over Friday costs. In a be aware Friday, the analysts, led by Michael Weinstein, highlighted Bloom's fuel-cell enhancements in the past six years, but saved the promote rating on valuation. Bloom stocks rallied nine% on Wednesday most probably on "investor perception of demand acceleration potential after the East Coast hurricane season," the Credit Suisse analysts stated, but the stocks gave up features and are poised to finish the week down 4%. Bloom priced its initial public providing in past due July, raising about $270 million, and the inventory has doubled.

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