Analyst confident in Bloom Energy's power ambitions after positive Ohio developments.

From Yahoo Finance: 2025-06-27 06:02:00

Bloom Energy (BE) is among the top 10 AI stocks on Wall Street. Analyst Andrew Percoco of Morgan Stanley reaffirmed a “Buy” rating and $30 price target for BE on May 29. Positive developments in Ohio, including approvals for projects with AEP, Amazon, and Cologix, are seen as catalysts for the stock.

The recent Ohio legislation restricting AEP from owning fuel cell systems for customers does not impact current projects. Bloom Energy has a clear path forward with AEP, according to the analyst. These positive developments highlight a positive outlook for the stock.

Bloom Energy specializes in solid-oxide fuel cell systems for on-site power generation, catering to AI data centers’ energy needs. While BE shows promise as an investment, some AI stocks may offer higher upside potential and lower downside risk.

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Read more: Ohio Approvals Spark Analyst Confidence in Bloom Energy (BE)’s Power Ambitions