Bloom Energy Corp. (BE) PT Raised to $26 at BofA Securities

BofA Securities analyst Dimple Gosai raised the price target on Bloom Energy Corp. (NYSE: BE) to $26.00 (from $24.00) while maintaining a Underperform rating.

The analyst comments "Bloom’s new Brookfield partnership adds a blue-chip counterparty and reinforces its position at the center of the AI-driven power-resiliency build-out. The up-to-$5B partnership (~1.8GW at our forward pricing) positions Bloom Energy (BE) as Brookfield’s preferred onsite-power provider for grid-constrained data centers, but it remains an early-stage memorandum—not contracted backlog. Brookfield’s prior data-center programs—$20B for 1GW in France through 2030 and $10B for 750MW in Sweden over 10–15 years—point to a long rollout horizon. We see the initial deployments as gradual, not a near-term earnings catalyst. Still, the stock’s 33% rally (+$6.6B in market cap) implies investors are already treating this as executable backlog, effectively valuing the potential Brookfield earnings stream at 33–66× EBITDA vs Bloom’s ~14× five-year average. A strategic win, yes—but the market is paying today for a decade of delivery."

You May Also Be Interested In

• Tesla to launch Cybercab in Austin this month - report
• BofA Securities Starts Kanzhun Ltd. (BZ) at Neutral
• BofA Securities Reiterates Buy Rating on Micron Technology (MU); Sees $230+ in EPS by FY30