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Bloom Energy Stock Surges to Record High on Fuel Cell Demand Optimism
Bloom Energy Stock Surges to Record High on Fuel Cell Demand Optimism
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BTCCSquare news:
Bloom Energy shares skyrocketed to an all-time high, fueled by a 600% annual gain and a tripling in value over the past three months. The surge follows bullish analyst sentiment, with one firm raising its price target from $44 to $85, citing a "massive inflection in demand" for the company's fuel cell technology.
Wall Street's enthusiasm stems from Bloom's July announcement of deploying on-site power solutions for AI data centers. Oracle's projected 77% cloud revenue growth to $18 billion further cemented optimism, triggering a cascade of price target upgrades from Morgan Stanley, BMO Capital, and RBC Capital.
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