Bloom Energy Corp. (BE) PT Raised to $80 at Clear Street

Clear Street analyst Tim Moore raised the price target on Bloom Energy Corp. (NYSE: BE) to $80.00 (from $68.00) while maintaining a Hold rating.

The analyst commented, "Bloom Energy (BE) is scheduled to report December quarter results on February 5th and host a conference call at 5:00pm ET. We increase our assumption for a larger sales contribution from the American Electric Power (AEP, NASDAQ, NC) order in Wyoming, compared to our forecast earlier this month (see report here). We now believe BE could achieve ~500 MW of fuel cells for that site, and we increase our 2026 sales forecast by 2% and our 2027 sales forecast by 4%. Separately, momentum is mounting in Texas for a significant acceleration of building more AI hyperscale datacenters there the next three years. While not all AI hyperscale datacenters will exceed 500 MW, we expect 20% of new AI ones through 2030 could reach 1 GW campuses. We estimate ~3,000 of BE’s fuel cell servers cabinets for a 1 GW datacenter facility."

You May Also Be Interested In

• Attention Long-Term Shareholders of ARS Pharmaceuticals, Inc. (NASDAQ: SPRY); Bloom Energy Corporation (NYSE: BE); Erasca, Inc. (NASDAQ: ERAS); and Insulet Corporation (NASDAQ: PODD): Grabar Law Offic
• Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)
• Fiserv (FISV) PT Lowered to $60 at Freedom Broker