Clear Street analyst Tim Moore raised the firm’s price target on Bloom Energy (BE) to $43 from $37 and keeps a Hold rating on the shares. The firm expects shares of Bloom Energy to be up significantly early this morning after announcing a strategic partnership with Brookfield Asset Management (BAM). Brookfield could invest up to $5B in AI infrastructure and factories, marking its first solely dedicated AI investment strategy. Clear Street believes this is an important catalyst because Bloom is expected to become the preferred onsite power provider as the company supplies its fuel cell energy servers for this relationship.
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