Bloom Energy (BE.US) Q3 results far exceed expectations; Morgan Stanley and Bernstein both raise price targets.

Zhitong Finance APP has learned that, driven by continued growth in power demand from artificial intelligence (AI) data centers, U.S. fuel cell manufacturer Bloom Energy (BE.US) delivered strong third-quarter results, with both revenue and profit exceeding Wall Street expectations, and the company even raised its full-year guidance for the third time this year. Following the earnings release, both Morgan Stanley and Bernstein raised their price targets on the stock, with Morgan Stanley lifting its target to $335 from $310 and maintaining an "Overweight" rating, while Bernstein raised its target to $306 from $282 and maintained a "Hold" rating.