Bloom Energy rallies to record highs on AI-driven power demand, Oracle deals, and new analyst upgrades as it doubles capacity to meet surging data center needs
Shares of carbonate fuel cell technology developer FuelCell Energy (NASDAQ:FCEL)
jumped 3.7% in the morning session after the stock's positive momentum continued as UBS significantly adjusted its price target on the stock to $7.25 from $4.50, signaling a more optimistic valuation from the analyst.
Shares of carbonate fuel cell technology developer FuelCell Energy (NASDAQ:FCEL)
jumped 7.2% in the morning session after UBS adjusted its price target on the stock to $7.25 from $4.50, a significant jump.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) jumped 6.5% in the morning session after Morgan Stanley significantly raised its price target on the company, citing its growing potential in the AI data center market.
Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations.
However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) fell 5.5% in the morning session after it received positive commentary from Wall Street analysts, suggesting a possible pullback after a significant rally.
The relentless march of Artificial Intelligence is revolutionizing industries and reshaping our daily lives, but this technological marvel comes at a steep environmental cost. AI data centers are devouring electricity at an alarming rate, fueling a rapidly escalating energy crisis that threatens global sustainability goals. This burgeoning demand for power,
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) jumped 7.9% in the morning session after RBC Capital Markets significantly raised its price target on the stock, alongside news of the company placing a substantial component order. The investment bank boosted its price target to $75 from $35 while maintaining an "Outperform" rating, signaling strong confidence in the company's outlook.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) jumped 16.5% in the morning session after its supplier, MTAR Technologies, announced it received significant new orders from the company, signaling a ramp-up in production for its clean energy fuel cells.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the renewable energy industry, including Bloom Energy (NYSE:BE) and its peers.
