Bloom Energy Corp (BE) shares plummeted 5.04% in intraday trading on Tuesday after Bank of America Securities analyst Dimple Gosai downgraded the stock to a Sell rating and set a price target of $18.00.
The analyst's downgrade and lower price target seem to have weighed heavily on investor sentiment, leading to the significant drop in Bloom Energy's stock price during Tuesday's trading session. While the exact reasons behind the analyst's bearish view were not provided, such negative ratings from influential Wall Street firms can often trigger selling pressure and contribute to stock declines.
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