JPMorgan Sees Upside in Bloom Energy (BE) Amid Growing AI Power Needs

Core Viewpoint - Bloom Energy Corporation (NYSE:BE) is gaining attention as an AI stock, with JPMorgan maintaining an "Overweight" rating and raising the price target to $90 per share, citing strong demand for its onsite power generation systems in data centers [1][2]. Group 1: Company Performance and Outlook - Analysts highlight a lack of visibility into Bloom's backlog due to data center customers not allowing order detail disclosures, but they remain optimistic about future bookings with existing clients like AEP and Oracle [2]. - Bloom's factory utilization has been estimated at 35% to 40% of its one gigawatt capacity over the past year, with expectations for higher utilization levels as order activity increases [3]. - The company develops solid-oxide fuel cell systems aimed at meeting the growing energy demands of AI data centers, indicating a strategic alignment with industry trends [3]. Group 2: Market Position and Investment Sentiment - While Bloom Energy shows potential as an investment, some analysts suggest that other AI stocks may offer greater upside potential with less downside risk [4].