Bond.az - BMO Capital reiterated a Market Perform rating on Bloom Energy Corp. (NYSE:BE) shares with a $279 price target. The stock trades at $275.62, reflecting a 1,462% gain over the past year, though analysis suggests potential overvaluation.
Third-party analysis indicates the Green Chile lateral pipeline for Project Jupiter hasn't met FERC's blanket certificate requirements.
BMO Capital monitors Oracle's Project Jupiter in New Mexico, focusing on gas infrastructure for 2.45 GW of Bloom Energy fuel cells.
The firm expects no impact on Bloom's 2026 guidance despite pipeline concerns. Analysts anticipate sales growth and profitability this year.
The Green Chile lateral pipeline is intended to supply gas to the Project Jupiter data center.
