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Bloom Energy (BE) shares jumped nearly 7% before the bell on Tuesday after Morgan Stanley raised its price target on the company, citing that Bloom’s new relationship was ramping with Oracle (ORCL), which is undergoing a "massive inflection in demand.”
Morgan Stanley raised its price target on the stock to $85 from $44 and maintained an ‘Overweight’ rating, according to TheFly. Bloom Energy was the fourth most trending ticker on Stocktwits on Tuesday morning, and the stock saw a 420% increase in retail user message count on the platform in the last 24 hours.
Retail sentiment on Bloom Energy improved to ‘extremely bullish’ from ‘bullish’ territory a day ago, with message volumes at ‘high’ levels, according to data from Stocktwits. A bullish user on Stocktwits noted that the company was “getting love” because of AI demand.
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Morgan Stanley noted that it views Bloom as "extremely well positioned" as one of the only players able to scale manufacturing and deploy into a tightening market. The firm cited the potential for significant data center-driven order flow as a key factor in supporting the target increase.
It also noted that Bloom Energy was well-positioned for success in powering artificial intelligence data centers following Oracle's surprise upside in bookings.
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Last week, Oracle announced that it expects cloud infrastructure revenue to reach $18 billion by the end of fiscal year 2026. It anticipates this to rise to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent fiscal years.
Another user on Stocktwits noted that they were “far from selling any share.”
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Shares of Bloom Energy have gained 200% this year and increased by 585% over the last 12 months.
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