Fuel-cell maker Bloom Energy falls as BoFA downgrades to 'neutral'
** Shares of fuel-cell maker Bloom Energy BE.N fall ~1.7% to $13.97 premarket
** BoFA Global Research cuts Price Target(PT) on BE to $16 from $17, downgrades to "neutral" from "buy"
** Brokerage sees less clarity on 2024 orders and backlogs
** "BE trades at approximately fair value relative to intrinsic valuation; the potential upside due to hydrogen, CCUS, and marine businesses still needs to be proven" - BoFA
** Brokerage also reduces FY24 revenue forecast to 25% growth YoY vs. 30% previously
** 14 of 25 brokerages rate the stock "buy" or higher, and 10 "hold"; median PT is $20 - LSEG data
** As of last close, stock is down ~25.7%
Reporting by Vallari Srivastava
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