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Bloom Energy Surges 8% Wednesday After $25B Brookfield Financing Expansion, UBS Raises Target to $350

GateNews
Bloom Energy (BE) stock climbed over 8% in Wednesday pre-market trading after expanding its financing partnership with Brookfield from $5 billion to $25 billion to accelerate its fuel cell rollout for AI infrastructure. According to Evercore ISI, the company's ability to provide reliable, dispatchable power differentiates it from competitors. UBS raised its price target to $350 with a 'Buy' rating, while Evercore ISI also set a $350 target and 'Outperform' rating. The stock is now about 7% below its all-time high of $351.3 reached last week.
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