Why Bloom Energy Stock Popped Today

Bloom Energy (NYSE: BE) banal jumped 8% done 11:30 a.m. ET Tuesday.

If you ain Bloom Energy stock, you tin convey Wall Street expert Roth Capital for that.

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This morning, Roth Capital publically raised its terms people connected Bloom banal to $133 per stock -- a 29% terms people hike -- according to TheFly.com.

Bloom Energy is expected to study its Q4 net aft adjacent of trading connected Thursday, Feb. 5. The existent net quality astir apt won't beryllium great; analysts connected mean forecast $0.30 per share, down from $0.43 a twelvemonth agone -- and these volition astir apt beryllium lone "adjusted" net besides, not net arsenic calculated according to mostly accepted accounting principles (GAAP).

According to Roth, though, that's beside the point, "given the likelihood of bid announcements" and beardown guidance from Bloom. We don't cognize precisely what Bloom volition springiness for guidance, but Roth expects the quality to beryllium good.

Now don't get too excited. Bloom banal is already up 575% implicit the past year, and adjacent Roth has to admit that's a bit... optimistic. "Forward expectations are already factoring successful precise ample bid travel and incremental capableness maturation successful aboriginal years," warns the analyst, truthful Bloom astir apt won't get overmuch of a bump aft earnings.

For this reason, Roth isn't recommending Bloom banal arsenic a buy, and rates it lone "neutral." That's inactive amended than what I would recommend, however.

With Bloom banal trading adjacent 2,000 times trailing earnings, and much than 180 times adjacent year's net adjacent if it hits its targets, I inactive deliberation Bloom banal is simply a sell.

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