Bloom Energy (BE) Soars 14.9% as New 900-MW Plant Sparks Rosy Prospects

Core Viewpoint - Bloom Energy Corporation (NYSE:BE) has seen a significant increase in its stock price, driven by the announcement of a new power plant project in Wyoming that will utilize its fuel cells [1][4]. Group 1: Stock Performance - Shares of Bloom Energy rose by 14.90% on Tuesday, closing at $84.57, as investors reacted positively to the news of the new power plant [1]. - RBC Capital has given Bloom Energy an "outperform" rating with a price target of $75 [4]. Group 2: Project Details - BFC Power LLC has filed an application for a new 900-MW power plant in Laramie, Wyoming, which will use Bloom Energy's fuel cells [2]. - The new plant is expected to support a 1.8 GW data center being developed by Crusoe and Tallgrass, with construction potentially starting as early as next year if approved [2]. Group 3: Growth Opportunities - RBC Capital views the Wyoming project as a significant growth opportunity for Bloom Energy, highlighting the advantages of its fuel cells, including quick deployment, high reliability, flexibility, and lower emissions [3]. - The investment firm believes this application demonstrates Bloom's capability to support the development of co-located data centers [4].