Bloom Energy Stock Surges Amid Data Center Fuel Cell Deal and Analyst Optimism
Bloom Energy's stock has skyrocketed 43.6% since early July, with a 9.2% rise this week alone. The surge follows a strategic deal with Oracle to deploy fuel cells for data centers, positioning the company as a key player in the AI-driven infrastructure boom.
Analyst Manav Gupta of UBS doubled down on the bullish sentiment, raising Bloom's price target from $29 to $51. The MOVE reflects growing institutional confidence in fuel cell technology as a viable alternative to nuclear energy for power-hungry data centers.
Market enthusiasm shows no signs of waning as capital floods into AI-related infrastructure. Bloom's technology now stands at the intersection of two megatrends: the AI revolution and the global transition to alternative energy solutions.
