Bloom Energy (BE) shares should respond favorably to the air permit filing indicating its fuel cells will be used to power a 1.5 GW data center in Navarro County, Texas, RBC Capital tells investors in a research note. The filing by Hedgehog USA is another proof point that Bloom’s fuel cells are being broadly adopted by datacenters at scale, the firm says. RBC Capital has an Outperform rating and $143 price target on Bloom Energy shares.
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