Shares of Bloom Energy Corp (BE) surged 7.28% on Wednesday, as the clean energy company received a positive outlook from Morgan Stanley.
Analyst Andrew Percoco maintained a Buy rating on Bloom Energy and set a price target of $28.00 per share. The analyst's bullish stance likely fueled investor optimism, driving the stock's sharp intraday gain.
Bloom Energy is a leading provider of solid oxide fuel cell systems that generate clean, reliable energy for businesses and organizations worldwide. With growing demand for sustainable energy solutions, the company's innovative technology could continue to attract investor interest.
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