Bloom Energy Corp Class A
BE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$56.00 | Nkw | Wxzvnhtyv |
Bloom Energy Earnings: Shares Fall on Muted Backlog Growth, CFO Resignation
We lower our fair value estimate for no-moat Bloom Energy to $10 from $14 following fourth-quarter results. The reduction in our valuation is driven by moderating our medium-term revenue growth assumptions following disappointing 2024 revenue guidance and modest backlog growth. We view shares as fairly valued in light of our Very High Uncertainty Rating.