** Shares of fuel-cell maker Bloom Energy BE.N up ~5% at $25.5 in premarket trading

** J.P. Morgan upgrades stock to "overweight" from "neutral"

** Raises PT to $33 from $18, a 35.8% upside to the stock's last close on Tuesday

** Brokerage says that "as competing gas turbine pricing and lead times remain elevated," fuel cell tax credits could help convince hesitant BE customers to commit

** "We believe the higher factory absorption, along with incremental pricing power, should also support stronger product margins," says brokerage

** Avg rating of 24 analysts is "buy"; median PT $26 - data compiled by LSEG

** As of last close, BE stock had risen ~9.41% YTD

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))