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Bloom Energy upgraded to Hold from Underperform at Jefferies
Jefferies upgraded Bloom Energy (BE) to Hold from Underperform with a price target of $187, up from $97, after the company announced a 1.2GW order with Oracle (ORCL), with potential for an additional 1.6GW over time. Assuming draw from the current backlog and Oracle converting to revenue in 2026 and 2027, the firm estimates 20% and 51% respective upside to current cons revenue estimates, assuming no incremental orders.
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