Shares of Bloom Energy Corp. BE,
rose 1.5% to a 19-month high in Thursday morning trading, after Morgan Stanley analyst Stephen Byrd said the alternative energy company’s dive into the hydrogen market gave it another reason. to be optimistic. The stock’s gain follows the 34.8% rise in rocket launch on Wednesday to the highest close since November 2018, after the company said it was manufacturing the hydrogen-powered fuel cells and a new product, electrolyzers. , which produce green hydrogen, to be sold in South Korea next year through a partnership with the SK Group. “These initiatives open incremental markets for [Bloom Energy] and put the stocks on the hydrogen playlist, which is growing in interest to investors, “Byrd wrote in a note to clients. He reiterated his overweight rating on the stock since August 2018 and kept its price target at $ 21. The stock has more than doubled (up to 139.9%) year to date, while the S&P 500 SPX,
it has lost 0.8%.
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