Latest news with #AndrewPercoco
Yahoo
28-06-2025
- Business
- Yahoo
Ohio Approvals Spark Analyst Confidence in Bloom Energy (BE)'s Power Ambitions
Bloom Energy Corporation (NYSE:) is one of the . On May 29, Analyst Andrew Percoco of Morgan Stanley maintained a 'Buy' rating on Bloom Energy Corporation (NYSE:BE) and retained a price target of $30.00. Percoco's rating reaffirmation follows Bloom Energy's developments in Ohio. In particular, the approval by the Public Utility Commission of Ohio for projects concerning Bloom Energy, AEP, as well as data center customers such as Amazon Data Services and Cologix, was seen as a catalyst. The recent approvals allow the said projects to continue without any obstacles, removing any uncertainties along the way. A bird's eye view of a power generation platform with a power plant in the background. The analyst further noted how the recent Ohio legislation that restricts AEP from owning and operating fuel cell systems for customers does not have an impact on current projects filed before the restriction date. Therefore, Bloom has a clear path to move forward with AEP. All the mentioned positive developments underscore the firm's positive outlook toward the stock. Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers. While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
03-06-2025
- Automotive
- Business Insider
EVgo initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Andrew Percoco initiated coverage of EVgo (EVGO) with an Equal Weight rating and $4 price target The company is a 'pure-play' EV charging name positioned well in a growing EV market, while its partnerships with OEMs, site hosts and fleet operators, and low-cost financing should enable it to generate strong earnings growth, the analyst tells investors in a research note. The firm adds however that policy risk, competitive pressures, and valuation keep Morgan Stanley on the sidelines. Confident Investing Starts Here:
