Ghazal Ahmed
1 min read
In This Article:
Bloom Energy Corporation (NYSE:BE) is one of the 10 Buzzing AI Stocks on Latest News and Ratings. On June 4th, RBC Capital analysts reaffirmed their “Outperform” rating on Bloom Energy Corporation (NYSE:BE) with a price target of $26.00.
The firm is confident in Bloom Energy’s long-term and short-term opportunities. In particular, it has highlighted the increasing demand for electricity and grid constraints as factors making co-location solutions favorable. The firm also lauded Bloom’s internal initiatives, which aim to reduce product costs and further underscore the firm’s positive outlook.
A bird's eye view of a power generation platform with a power plant in the background.
The company’s reach and influence in the energy sector are also seen to be expanding, as management has recently addressed concerns related to regional policies. Last year’s AEP announcement was also highlighted as a positive catalyst, accelerating discussions with other utilities.
Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers.
While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks in the Spotlight and 10 AI Stocks Getting Wall Street’s Attention.
Disclosure: None.
