Bloom Energy rises after J.P. Morgan upgrades to 'overweight'
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Shares of fuel-cell maker Bloom Energy BE.N up ~5% at $25.5 in premarket trading
J.P. Morgan upgrades stock to "overweight" from "neutral"
Raises PT to $33 from $18, a 35.8% upside to the stock's last close on Tuesday
Brokerage says that "as competing gas turbine pricing and lead times remain elevated," fuel cell tax credits could help convince hesitant BE customers to commit
"We believe the higher factory absorption, along with incremental pricing power, should also support stronger product margins," says brokerage
Avg rating of 24 analysts is "buy"; median PT $26 - data compiled by LSEG
As of last close, BE stock had risen ~9.41% YTD
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