15 AI News Stories Shaking Up Wall Street

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12. Bloom Energy Corporation (NYSE:BE)

Market Capitalization: $4.81 billion

Bloom Energy Corporation (NYSE:BE) is involved in designing, manufacturing, selling, and installing solid-oxide fuel cell systems for on-site power generation. The company is a key player in meeting the rising energy demands of AI data centers.

On November 15, BMO Capital raised the firm’s price target on Bloom Energy Corporation (NYSE:BE) to $19.50 from $12 and kept a “Market Perform” rating on the shares. The analyst attributes the price target increase to the company’s strategic supply agreement with American Electric Power, which aims to meet the immediate power of data centers. Even though there are some uncertainties regarding the transaction, particularly the remaining 900MW of the agreement that remains to be executed, they believe the stock is going to react very positively.

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