UBS analyst Manav Gupta has reaffirmed a Buy rating on Bloom Energy Corp with a $33 price target, highlighting the company's impressive 156% return over the past year and strong fourth-quarter results. Bloom Energy exceeded its 2024 revenue guidance with $1.47 billion in annual sales and a record $572 million in Q4, while maintaining a healthy liquidity position. Despite concerns about the Investment Tax Credit expiration and demand fluctuations, Gupta emphasized the company's robust growth outlook, projecting a 19-25% sales increase for 2025.