Analysts set a $243 price target for BE after Q2 revenue surged 165% and EPS doubled estimates.
Bloom Energy (NYSE:BE) received a $243 price target, reflecting 11.28% upside from its $218.32 close on August 3, 2026. The upgrade follows a fourth consecutive EPS beat, with Q2 revenue jumping 165.5% year-over-year to $1.065 billion and non-GAAP EPS of $0.78, nearly double estimates.
Shares have soared 151.26% year-to-date but pulled back 19.41% over the past month, trading 22% below the 52-week high of $351.28. Product revenue surged 215% to $935.4 million, and management raised full-year revenue guidance to $3.9 billion from $4.2 billion previously.
The company’s $20 billion backlog, including a $5 billion partnership with Brookfield, underscores demand from hyperscalers for AI-driven onsite power solutions. Competitors like GE Vernova and Plug Power lag in growth and profitability, with Plug reporting a -64% operating margin.