Bloom Energy shares climb on analyst support

Bloom Energy Corp stock rose 7.6% in afternoon trading on Monday, reaching $208.06 after opening near $193, as analysts issued supportive commentary following Friday's decline.

The company reported third-quarter revenue of $1.24 billion, up 138.1% year-over-year and above the $1.07 billion Wall Street estimate. Adjusted earnings per share came in at $0.94, beating the $0.68 to $0.69 consensus.

Evercore ISI maintained its Outperform rating and $350 price target on Monday, stating that Friday's selloff was an overreaction to free cash flow concerns. The firm pointed to the company's raised full-year 2026 revenue guidance of $4.4 billion to $4.6 billion, which implies roughly 122% year-over-year growth at the midpoint.

Bernstein SocGen raised its price target to $306 from $282, citing strong product margins during the production ramp. The firm noted that management has lifted its full-year outlook three times in 2026.

Morgan Stanley published research on Monday raising its estimated U.S. AI data center net power gap to 38 gigawatts for 2026 to 2028. The firm named Bloom Energy fuel cells as one of five key mitigation strategies.

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