Bloom Energy Corporation (NYSE:BE) saw a 14.90% surge in its stock price on Tuesday, closing at $84.57 per share. The jump followed news of a new 900-MW power plant in Wyoming set to use Bloom Energy’s fuel cells, with RBC Capital viewing it as a significant growth opportunity.

The new power plant application in Wyoming, filed by BFC Power LLC, would support a 1.8 GW data center developed by Crusoe and Tallgrass. RBC Capital noted that Bloom Energy Corporation’s (NYSE:BE) fuel cells offer quick deployment, high reliability, flexibility, and lower emissions, presenting a favorable outlook for the company.

RBC Capital expressed confidence in Bloom Energy Corporation (NYSE:BE), maintaining an “outperform” rating and a $75 price target. While recognizing BE’s potential, the investment firm also highlighted other AI stocks with promising returns and limited downside risks, suggesting investors explore alternative opportunities in the market.

Read more at Yahoo Finance: Bloom Energy (BE) Soars 14.9% as New 900-MW Plant Sparks Rosy Prospects