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PUCO approvals removes regulatory overhang for Bloom Energy, says Morgan Stanley

Morgan Stanley notes that the Public Utility Commission of Ohio yesterday approved the projects between Bloom Energy (BE), American Electric Power (AEP), and data center customers Amazon Data Services (AMZN) and Cologix, which allows the projects to move forward as proposed. This removes a regulatory overhang and uncertainty around the commercial arrangements from these deals, according to the analyst, who has an Overweight rating and $30 price target on Bloom shares.

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