Bloom Energy price target raised to $115 from $105 at UBS

UBS analyst Manav Gupta raised the firm’s price target on Bloom Energy (BE) to $115 from $105 and keeps a Buy rating on the shares. The $5B partnership with Brookfield (BAM) marks the first phase to build AI factories capable of meeting the growing compute and power demands of artificial intelligence, and could lead to wider adoption of Bloom’s Solid Oxide Fuel Cells, the analyst tells investors in a research note.