Shares of Bloom Energy Corp (BE) surged 5.72% in pre-market trading on Monday, following a significant price target increase by Morgan Stanley analysts.
According to reports, Morgan Stanley raised its price target on BE from $20 to $28, while maintaining an Overweight rating on the stock. This bullish outlook from the prominent investment bank appears to have driven investor optimism, resulting in the pre-market rally for Bloom Energy's shares.
Bloom Energy, a leading provider of solid oxide fuel cell technology, has been in the spotlight for its innovative energy solutions. The company's products are designed to generate clean, reliable, and cost-effective electricity from a wide range of fuels, including natural gas, biogas, and hydrogen.
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