Evercore ISI raised the firm’s price target on Bloom Energy (BE) to $137 from $100 and keeps an Outperform rating on the shares after the company announced a $5B strategic AI Infrastructure partnership with Brookfield (BAM). Details surrounding the partnership “remain relatively scarce,” notes the analyst, who expects more information on the company’s Q3 earnings call on October 28, but the firm still argues that “the momentum and overarching theme for Bloom remains: speed to power is paramount.”
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