Morgan Stanley analyst Andrew Percoco reiterates an Overweight rating and $28 price target on Bloom Energy (BE) shares and is increasing the firm’s “bull case” target to $56 after the company announced a “long-awaited partnership” for its carbon capture technology with Chart Industries (GTLS). The deal should help accelerate the deployment of its fuel cell technology, notes the analyst, who also highlights “bullish data points” from American Electric’s (AEP) Q4 earnings call and recent regulatory filings.
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