Bloom Energy Corporation (NYSE:BE) is a trending AI stock on Wall Street’s radar. BofA Securities raised the price target to $26.00, citing a new partnership with Brookfield. The partnership positions Bloom as Brookfield’s preferred onsite-power provider for grid-constrained data centers, with an estimated 1.8GW capacity.

The strategic partnership with Brookfield strengthens Bloom Energy’s position in the AI-driven power resiliency sector. This up-to-$5B partnership reflects BofA’s forward pricing estimates of 1.8GW. While a significant move, it remains an early-stage memorandum with gradual deployments expected, not an immediate earnings catalyst.

Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, catering to the energy demands of AI data centers. While BE shows potential, other AI stocks may offer greater upside with lower downside risk. Investors seeking undervalued AI stocks can explore further opportunities in the market.

Read more at Yahoo Finance.: BofA Lifts Bloom Energy (BE) Price Target to $26 After Brookfield Deal