Bloom Energy (BE) is set to benefit from the midterm election results that showed increased opposition toward datacenters and calls for increased oversight, RBC said in a Monday note.

"Inevitably this slows the pace of development and the near-term uncertainty is a headwind, but we believe BE remains in a relatively favorable position," the report said.

"Speed to power is just one of BE's advantages," it added.

The report said other benefits of its fuel cell systems such as lower emissions, superior noise levels, and no water use are becoming crucial for developers looking to win community support.

RBC kept its outperform rating and a $335 price target.

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