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Bloom Energy Will Benefit from Tax Credit in Republican Tax Bill -- Market Talk

Dow Jones
Jul 09, 2025

11:51 ET -- President Trump's "one big, beautiful bill" includes a tax credit for fuel cells, which J.P. Morgan analysts say should provide pricing power for Bloom Energy in conversations with data centers. The tax credit also is expected to increase demand from more price sensitive, non-data center customers, the analysts say in a research note. "We also remain optimistic regarding Bloom Energy's ability to continue to reduce costs, while persistent increases in gas turbine pricing and lead times could push hesitant BE customers over the finish line," they write. J.P. Morgan upgrades Bloom Energy to overweight from neutral and raises its price target to $33 from $18. Shares rise more than 17% in midday trading. (connor.hart@wsj.com)

(END) Dow Jones Newswires

July 09, 2025 11:51 ET (15:51 GMT)

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