After Bloom Energy (BE) announced that Brookfield (BAM) agreed to scale its AI Infrastructure partnership to $25B, representing a five-times expansion of the original agreement, Morgan Stanley analyst David Arcaro believes the expanded agreement underscores Brookfield's confidence in both the onsite power opportunity and Bloom's ability to serve this growing market as well as suggesting that the pipeline of fuel cell opportunities has exceeded initial expectations. The firm has an Overweight rating and $310 price target on Bloom shares.
