Barclays initiated coverage of Bloom Energy (BE) with an Equal Weight rating and $153 price target The company’s solid-oxide fuel cells have emerged as a “compelling alternative” for on-site generation due to its declining costs, quick time to market, and ability to provide baseload power, the analyst tells investors in a research note. The firm says Bloom is positioned to benefit from rising onsite-power demand and strong hyperscaler momentum. However, the stock’s valuation already prices in “meaningful scale-up toward,” contends Barclays.
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