Bloom Energy stock bounces off 11-month low after Raymond James gets even more bullish

Published: Oct. 5, 2021 astatine 7:58 a.m. ET

Shares of Bloom Energy Corp rallied 3.5% successful premarket trading Tuesday, to bounce disconnected an 11-month closing debased successful the erstwhile session, aft Raymond James expert Pavel Molchanov said helium was adjacent much bullish connected the hydrogen play, citing a much charismatic valuation. Molchanov raised his standing to beardown bargain from outperform, saying the stock's caller underperformance, arsenic it has shed 41.0% twelvemonth to day portion the Invesco WilderHill Clean Energy ETF has mislaid 28.6% (the S&P 500 has rallied 14.5% this year), has made it much attractive. "As a textbook communicative banal successful 1 of cleanable tech's astir fashionable but polarizing verticals,...