Why Bloom Energy Could Reach Revenues Of $1.8B Next Year, Says Bullish Analyst
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Bloom Energy Corp (NYSE:BE) announced a 1 GW fuel cell supply deal with American Electric Power Company Inc (NASDAQ:AEP), which sent its stock soaring in early trading on Friday.
The deal is “proof of concept” that the company’s product can power large-scale data centers, according to Piper Sandler.
Analyst Kashy Harrison upgraded the rating from Neutral to Overweight while raising the price target from $10 to $20.
The Bloom Energy Thesis: The latest order could “open the door to future arrangements with other utilities,” Harrison …
Full story available on Benzinga.com
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