JPMorgan is standing by Bloom Energy even as its stock trades at a signficant premium on data center demand for its onsite power generation systems. The investment bank maintained its overweight rating and more than doubled Bloom’s price target to $90 per share by December 2026. Bloom shares have gained about 300% this year as its onsite power generation systems are in high demand from data center customers. JPMorgan’s new target indicates that the company’s stock will hold around its current level after closing at $90.19 on Wednesday . Though the bank noted ways in which more upside could be warranted. Investors struggle with a lack of visiblity into Bloom’s backlog because data center customers do not allow the company to disclose…
