** Mizuho starts coverage on fuel-cell maker Bloom Energy BE.N with "neutral" rating and $28 PT, a 15.8% upside to stock's last close
** Brokerage says co's fuel cells offer alternative to traditional grid electricity, with "quickest and cost-effective way for data center customers and utilities to add electric service"
** Says BE's fuel cells provide "baseload power which we estimate is cheaper than industrial electric rates in seven states"
** Mizuho adds that co has potential for "zero-carbon products" with use of carbon capture and storage or running fuel cells directly on hydrogen
** Notes that co delivering $12 billion to $15 billion in revenue by 2028 is "unclear", pending production capacity upgrade this year
** Stock gained 50.5% in 2024
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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