Bloom Energy(US:BE) 智通财经网·2025-07-09 23:51Core Viewpoint - Bloom Energy's stock price surged by 18.15%, reaching a new high since January, following a rating upgrade from Morgan Stanley from neutral to overweight, with a target price raised by 83% to $33 from $18 [1] Group 1: Rating Upgrade and Market Impact - The rating adjustment was primarily driven by the inclusion of fuel cells in the clean electricity investment tax credit under the recently passed "Inflation Reduction Act," which is expected to significantly boost the company's revenue and profit margins starting from fiscal year 2026 [1] - Morgan Stanley analyst Mark Strauss noted that the tax credit will enhance Bloom Energy's pricing power in negotiations with data center clients and stimulate demand from price-sensitive non-data center customers [1] Group 2: Competitive Landscape and Order Growth - Despite potential impacts from the Trump administration's executive order on renewable energy investments, the gas turbine market is currently facing high prices and extended delivery cycles, positioning fuel cells to accelerate the replacement of hesitant gas turbine customer orders, thereby driving overall order growth [1] - Strauss further analyzed that with the inclusion in the 48E tax credit system, Bloom Energy's performance growth curve is expected to steepen, with projected revenue growth of 19% year-over-year for fiscal year 2025, benefiting from enhanced pricing power from data center clients and an expanded base of price-sensitive customers [1] Group 3: Profitability and Margin Improvement - As capacity utilization improves and cost control capabilities continue to optimize, Bloom Energy's product gross margins will receive additional support, laying the foundation for long-term profitability improvement [2]