Credit Suisse analyst Michael Weinstein downgraded Bloom Energy to Neutral from Outperform with a price target of $32, up from $27. The stock closed Tuesday up 9% to $39.93. The analyst increased the price target to reflect higher 2024 and 2025 growth rates due to a two year federal solar tax credit extension and potentially favorable zero-carbon policy under President Biden. Weinstein, however, downgrades Bloom due to valuation.