The firm is bullish on Bloom Energy after the company announced a strategic partnership ealrier this week with Nvidia-backed GPU cloud provider CoreWeave.
Bloom Energy is an up-and-coming artificial intelligence play, according to Morgan Stanley . Analyst Andrew Percoco reiterated his overweight rating on San Jose-based Bloom Energy after it announced a strategic partnership on Tuesday with Nvidia-backed GPU cloud provider CoreWeave. Under the agreement, Bloom Energy will deploy its solid oxide fuel cells to generate power for CoreWeave's data center in Illinois.
BE YTD mountain Bloom Energy, year-to-date "We believe BE is one of the most underappreciated ways to play the Powering AI theme," Percoco wrote in a Tuesday note, adding that the agreement between both companies "further demonstrates the viability and role of solid oxide fuel cells to power data centers and solve the time-to-power constraints.
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