BMO reiterates Bloom Energy stock rating on Oracle data center deal

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Abstract generation in progress

BMO Capital has reiterated a Market Perform rating and an $188.00 price target for Bloom Energy Corp. following an update on its agreement with Oracle Corp. Oracle’s “Project Jupiter” outlines a clearer deployment roadmap for Bloom Energy’s hardware, with a potential capacity of 2.45 gigawatts, and suggests a full pivot to Bloom fuel cells over conventional generation methods. Despite the stock surging over 1,100% in the past year, InvestingPro data indicates it is currently overvalued, though analysts expect Bloom Energy to become profitable this year.

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