Clear Street Raised the PT on Bloom Energy (BE), Maintains a Hold Rating

​Bloom Energy Corporation (NYSE:BE) is one of the Hottest Large-Cap Stocks to Buy Now. On October 13, Tim Moore from Clear Street raised the firm’s price target on Bloom Energy Corporation (NYSE:BE) from $37 to $43, while maintaining a Hold rating on the stock.

​The increased price target follows the company’s announcement of a strategic AI infrastructure partnership with Brookfield on October 13. The partnership is worth $5 billion to build AI factories that are capable of meeting the growing demand for artificial intelligence.

​The analyst noted that this marks the first solely AI-dedicated investment strategy by Brookfield. Moreover, Moore sees this as a major catalyst for Bloom Energy Corporation (NYSE:BE) as he expects the company to become the preferred onsite power provider due to this new partnership.

​Bloom Energy Corporation (NYSE:BE) engages in stationary fuel cell generation that generates clean and reliable electricity.

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Disclosure: None. This article is originally published at Insider Monkey.