Analysts raise BE targets to $254 and $295 following stronger-than-expected quarterly results and a 2.8-gigawatt Oracle partnership.
Barclays raised its price target on Bloom Energy (BE) to $254 from $177, citing quarterly revenue and margin performance that exceeded estimates. The firm maintained an Equalweight rating while noting improved 2026 forecasts and management’s positive long-term outlook.
BTIG also increased its target to $295 from $165, retaining a Buy rating. The adjustment follows Bloom Energy’s first-quarter results and an expanded collaboration with Oracle, including a 2.8-gigawatt fuel cell deal and a warrant for 3.5 million shares.
Bloom Energy produces solid oxide fuel cell platforms, converting natural gas or biogas into electricity without combustion. The company’s recent partnerships and financial performance have drawn analyst attention.