Jefferies Lifts Bloom Energy Target but Flags Project Risks

Jefferies raised its price target on Bloom Energy NYSE:BE, the fuel cell maker, to $264 from $229 while keeping a Hold rating, saying its behind-the-meter power thesis remains intact despite friction at some of its biggest projects. Bloom Energy shares were up 13.34% intraday, as of 12:40 p.m. ET.J…