Bloom Energy Shares Face Test After Stellar Rally Fueled by AI Demand

Bloom Energy is capturing significant attention from market analysts, yet its stock performance tells a more complex story. Despite two major investment banks substantially increasing their price targets, the shares are currently contending with investor profit-taking following a breathtaking 270 percent surge since the start of the year.

JPMorgan Doubles Down on Bullish Stance

JPMorgan has reinforced its optimistic outlook, maintaining an “Overweight” rating on Bloom Energy while more than doubling its price target to $90. Analyst Mark Strouse pointed to “positive catalysts remaining on the horizon” as a key driver for the upgrade. The bank’s enthusiasm is largely fueled by the escalating demand for decentralized power solutions tailored for data centers. JPMorgan assesses that the risk profile is skewed to the upside, particularly if... Read more...