Fuel Cell Tax Perk Could Supercharge Bloom Energy In 2026, Says JPMorgan
1. JPMorgan upgraded BE to Overweight, raising the price target to $33. 2. Fuel cells now qualify for 48E tax credits, enhancing revenue potential. 3. Projected FY26 EBITDA is $420 million, surpassing previous expectations. 4. Concerns remain over customer order deferrals due to upcoming tax benefits. 5. BE shares rose 18.30% to $28.77 following the upgrade.