After surging 436% in a year on blowout Q2 results, Bloom Energy (BE) trades near its $252 price target with only 2.5% upside remaining. Vertiv and GE Vernova both trade at lower multiples than Bloom's 81x forward P/E, making BE look expensive among AI infrastructure peers. A $20B backlog and Brookfield's partnership expanding to $25B support a $321 bull case, but a 279x trailing P/E leaves little room for error.
It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor) Bloom Energy (NYSE:BE) captured the AI power narrative in 2026 as the solid oxide fuel cell maker became the go-to onsite power solution for hyperscalers. Our 24/7 Wall St. price target for Bloom Energy is $251.84, implying modest upside from the current price of $245.66. After a parabolic move, fundamentals remain stunning, but price has largely caught up to the story.
Bloom is up 435.89% over the past year and 171.86% year to date, though shares have cooled 2.95% over the past month after touching a 52-week high of $351.28. The Q2 report on July 28, 2026 triggered the latest re-rating. Revenue hit $1.065 billion, up 165.5% year over year, non-GAAP EPS of $0.78 topped consensus by 91.83%, and management lifted 2026 revenue guidance to $3.9 billion to $4.2 billion.
Retail sentiment turned bullish in August after Texas paused new data center approvals, read as favorable for onsite fuel cell providers. Bull case scenario points to $321.44 within 12 months, roughly 30.85% upside. CEO KR Sridhar told analysts that Brookfield expanded its infrastructure partnership from $5 billion to $25 billion in nine months, and total backlog sits at $20 billion.
SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now.
Product gross margin expanded to 37.2% while operating income surged 737% year over year. If Bloom converts a meaningful share of the 30 to 40 gigawatts of AI capacity coming online in 2027, the analyst target of $273.51 could prove conservative. Our bear case lands at $187.24, or roughly 23.78% downside.
Extract — continue reading at the source.
