Valued at a market cap of $60.1 billion, Bloom Energy Corporation (BE) provides solid oxide fuel cell systems for reliable, scalable onsite electricity to meet growing power demands. Its customers include Fortune 500 companies, data centers, semiconductor manufacturers, utilities, hospitals, college campuses and retailers, with more than 2,000 employees worldwide and U.S.-based manufacturing operations.
Shares of the San Jose, California-based company have outperformed the broader market over the past 52 weeks. BE stock has climbed 58.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 11.1%. Moreover, shares of the company have surged 133.8% on a YTD basis, compared to SPX's 10.7% gain.
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Looking closer, shares of Bloom Energy have surpassed the State Street Industrial Select Sector SPDR ETF's (XLI) 8.2% return over the past 52 weeks.
www.barchart.com Bloom Energy has outperformed as surging AI data center demand has transformed it into a key provider of reliable, on-site power, with major U.S. hyperscalers, Oracle and other AI infrastructure companies adopting its fuel cell systems to avoid years-long utility grid connection delays. Its growth has been reinforced by a major expansion of its Brookfield financing partnership, which supports large-scale customer deployments, rapid order-to-revenue conversion, expanding manufacturing capacity and sharply rising sales and operating margins.
For the fiscal year ending in December 2026, analysts expect Bloom Energy's EPS to grow significantly year-over-year to $2.61. The company's earnings surprise history is promising. It beat or met the consensus estimates in each of the last four quarters.
Among the 27 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on 11 “Strong Buy” ratings, two “Moderate Buys,” 13 “Holds,” and one “Strong Sell.”
www.barchart.com This configuration has remained unchanged over the past three months.
On Oct. 24, Jefferies analyst Julien Dumoulin-Smith cut its price target on Bloom Energy to $242 and maintained a “Hold” rating.
The mean price target of $284.61 represents a 40.1% premium to BE’s current price levels. The Street-high price target of $354 suggests a 74.2% potential upside.
On the date of publication, Sohini Mondal did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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