** Citigroup initiates coverage of power solutions firm Bloom Energy BE.N with "neutral" rating, sets price target of $162

** New PT represents an upside of 1.1% to stock's last close

** Brokerage says co's purpose-built solution to rising global power demand should see strong uptake, driving revenue growth of over 40% annually through 2030

** Adds Gen-AI workloads could make up about 70% of power demand by 2030, and with gas turbines sold out through 2030, hyperscalers are now seeking alternative solutions

** We think the company can accelerate growth from the transition to 800V Direct Current architecture in 2027 and model revenues that are 7% higher than consensus - Citigroup

** 13 of 28 brokerages rate the stock "buy" or higher, 12 "hold" and 3 "sell" or lower; their median PT is $156 - LSEG-compiled data

** As of last close, BE has risen 84.46% YTD

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))