Bloom Energy's 2026 Revenue Growth Projections Show 'Significant Acceleration'

Morgan Stanley believes that Bloom Energy's 2026 trajectory shows significant acceleration in revenue growth, driven by strong demand for its hydrogen fuel cells. The firm's data center business is expected to drive growth, with a potential 40% revenue CAGR from 2024 to 2026. Morgan Stanley also sees opportunities for the company to expand into new markets, such as the European hydrogen market. Overall, the firm's outlook for Bloom Energy is positive, with a target price of $70 per share.