UiPath faces a downgrade from UBS amid increasing competition in the AI sector and sales challenges. As demand for energy-intensive AI data centers surges, solutions like converting crypto mining sites and utilizing nuclear power are being explored to address potential power shortages, with estimates of a 30-gigawatt shortfall by 2028. Major U.S. oil companies, including Chevron and Exxon, are also considering entering the electricity market to meet the rising energy demands of AI technologies through natural gas and carbon capture solutions.
UiPath faces a downgrade from UBS amid increasing competition in the AI sector and ongoing sales challenges. As demand for energy-intensive AI data centers surges, major U.S. oil companies like Chevron and Exxon are exploring natural gas-powered electricity solutions with carbon capture technologies to meet this growing need. Analysts warn of a potential power shortfall exceeding 30 gigawatts by 2028, highlighting the urgency for new energy infrastructure.
UBS has raised its price target for Bloom Energy from $21 to $33, maintaining a Buy rating following a landmark supply agreement with American Electric Power (AEP) for up to 1 gigawatt of fuel cells. This deal, the largest of its kind, positions Bloom Energy favorably amid rising electricity demand driven by data centers. Despite recent revenue shortfalls, analysts remain optimistic about the company's growth trajectory, with several firms increasing their price targets.
UBS has raised its price target for Bloom Energy from $21 to $33, maintaining a Buy rating. This follows Bloom's announcement of a supply agreement with American Electric Power for up to 1 gigawatt of fuel cells, marking the largest commercial procurement of its kind globally. The initial order includes 100 megawatts, with further expansions anticipated in 2025, positioning Bloom favorably amid rising demand for electricity in data centers and AI applications.
UBS analyst Manav Gupta has raised the price target for Bloom Energy Corp. (NYSE: BE) from $21.00 to $33.00. This adjustment reflects a positive outlook for the company in the stock market.
American Electric Power Co. is set to utilize Bloom Energy Corp. fuel cells to meet the growing power demands of data centers. The agreement allows for the deployment of up to 1 gigawatt of fuel cells, which generate electricity through an electrochemical process, offering a quicker alternative to traditional grid upgrades. This solution is particularly beneficial for artificial intelligence data centers that require substantial energy, comparable to that of entire towns.
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