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(NYSE:BE) is one of the10 Best Energy Stocks Capitalizing on the Data Center Boom.
On June 10, Morgan Stanley analyst David Arcaro reiterated a Buy rating on Bloom Energy with a $310 price target, according to a report by TipRanks.
Photo from Bloom Energy website On the same day, TheFly reported that Morgan Stanley remains optimistic about Bloom Energy despite reports that Crusoe paused its development activities at a 1.8 GW data center campus in Cheyenne, WY, which was designed to be partly powered by 900 MW of Bloom fuel cells.
Morgan Stanley said contractual provisions with Bloom Energy customer, AEP, should protect the firm’s earnings over the delivery schedule.
The analyst maintained confidence in Bloom Energy’s full-year and medium-term forecasts.
Based on 31 analyst ratings compiled by CNN, 45% assigned a Buy rating to Bloom Energy, while another 45% assigned a Hold rating.
The stock has an average price target of $280, representing a 7.85% upside from the current price of $259.61.
(NYSE:BE) is engaged in the manufacture and installation of solid oxide fuel cell systems, which provide ultra-resilient, highly scalable onsite electricity.
While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
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READ NEXT:10 Best AI Stocks to Buy in Juneand10 Best Cybersecurity Stocks to Buy According to Short Sellers.
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| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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