Bloom Energy (BE) Hits New All-Time High on Analyst 93% Price Target Upgrade

Core Insights - Bloom Energy Corp. (NYSE:BE) reached a new all-time high of $73.42, closing at $73.29, marking a 9.36% increase in one day [1] - Morgan Stanley upgraded Bloom Energy's price target by 93% from $44 to $85, maintaining an "overweight" rating, indicating a 16% upside potential from the latest closing price [2] Group 1 - The price target upgrade by Morgan Stanley is attributed to Bloom Energy's supply agreement with Oracle Corp., which involves delivering fuel cell technology to Oracle Cloud Infrastructure data centers in the US [3] - The expected revenues and supply volume from this agreement have not been disclosed, but Bloom Energy hinted at similar deals being announced soon [3]