** Shares of fuel-cell maker Bloom Energy BE.N up 0.2% at $133.92

** BE announces private offering of $1.75 billion of 0% convertible bonds due 2030

** Proceeds from the offering will be used for general purposes, including research and development and sales and marketing activities, manufacturing expansion, general and administrative matters and capital expenditures

** Concurrently, BE plans to enter into agreements with some holders of its 3% green convertible bonds due 2028 and 2029 to exchange a portion of their notes for a combination of cash and Bloom Energy shares

** Separately, Morgan Stanley raises PT on BE to $155 from $85, representing a 16% upside to stock's last close

** BE stock closed up 18% at $133.71 on Wednesday

** 12 of 25 brokerages rate the stock "buy" or higher, 10 "hold" and 3 "sell" or lower; median PT $105 - data compiled by LSEG

** As of last close, BE stock has surged sixfold YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))