Bloom Energy (BE) Soars to Fresh Peak After Sky-High Price Target Upgrade

Core Viewpoint - Bloom Energy Corp. (NYSE:BE) has reached an all-time high in stock price following a significant price target upgrade from Morgan Stanley, indicating strong investor interest and confidence in the company's future prospects [1][2]. Group 1: Stock Performance - On Wednesday, Bloom Energy's shares peaked at $80.71 before closing at $79.67, reflecting an increase of 8.71% for the day [1]. - The stock's performance is attributed to a price target upgrade by Morgan Stanley, which raised its target by 93% from $44 to $85, suggesting a 5.3% upside potential from the latest closing price [2]. Group 2: Strategic Developments - The price target upgrade is based on Bloom Energy's supply agreement with Oracle Corp., where it will provide fuel cell technology to Oracle Cloud Infrastructure data centers in the U.S. to meet the rising demand for cloud computing services [3]. - Bloom Energy has indicated that similar supply agreements are expected to be announced soon, hinting at potential future revenue growth [3].