Why Bloom Energy's Shares Jumped 22.7% Today
Shares of fuel cell company Bloom Energy (NYSE: BE) jumped as much as 22.7% in trading on Friday after getting a big upgrade from an analyst. The pop faded in the afternoon, but shares were still up 18% at 1:40 p.m. EDT today.
Morgan Stanley was the cause of today's jump, giving the renewable energy stock an overweight rating and a $21 to $23 price target. That represents a nearly 30% upside at the midpoint, even after today's move in the stock.
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Source Fool.com
