JPMorgan Projects Growth for Bloom Energy Amid Rising AI Energy Demands

Reported 2 days ago

JPMorgan has maintained an 'Overweight' rating on Bloom Energy Corporation (NYSE:BE) and increased its price target to $90 per share, citing the company's potential to benefit from rising energy needs in AI data centers. Despite concerns over limited visibility in customer orders, analysts believe Bloom can secure additional bookings and that risks are skewed positively if order activity increases. The company specializes in solid-oxide fuel cell systems that support on-site power generation.

Source: YAHOO

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