Bloom Energy price target raised to $51 from $29 at UBS

UBS analyst Manav Gupta raised the firm’s price target on Bloom Energy (BE) to $51 from $29 and keeps a Buy rating on the shares. Bloom announced that it will collaborate with Oracle (ORCL) to deliver on-site power to Oracle AI data centers within 90 days, the analyst tells investors in a research note. Bloom’s systems deliver clean power with virtually no air pollution and no water use, contributing to Oracle’s use of sustainable energy sources to power Oracle Cloud, UBS says.