RBC Capital Reiterates Outperform Rating on Bloom Energy Corp. (BE)

RBC Capital analyst Christopher Dendrinos reiterated an Outperform rating and $335.00 price target on Bloom Energy Corp. (NYSE: BE).

The anlayst comments "Our view. We believe the recommendations by the VEP are a positive read-through for BE and are another strong proof point that policy-makers are increasingly recognizing the need for alternative generation technologies that are cleaner, quieter, and more community friendly. The 2026 Virginia Energy Plan (VEP) creates a favorable state-level policy framework that supports the use of fuel cells through the introduction of a "non-combustion gas resource" category and is a preferred technology for near-term reliability needs. Specifically, the plan's framework calls for the deployment of up to 5 GW of non-combustion gas between 2029-2035 citing the benefits of lower local emissions, faster deployment timelines (18–24 months vs. years for conventional gas plants), shorter asset lives that avoid carbon lock-in, and connection to distribution infrastructure that avoids the need for major new pipeline investments."

For an analyst ratings summary and ratings history on Bloom Energy Corp. click here. For more ratings news on Bloom Energy Corp. click here.

Shares of Bloom Energy Corp. closed at $277.58 yesterday.

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