Bloom Energy (BE) won fresh support from Evercore ISI after the company disclosed a new power deal tied to the fast‑growing AI supply chain. Analyst Nicholas Amicucci reiterated his Buy rating and $350 price target, saying the latest update shows Bloom’s reach in AI infrastructure is wider than many investors realized. Despite the positive analyst view, BE stock is down about 6% on Friday.
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Two ETFs to trade BE long or short: BEX & BEZBloom is expanding its partnership with MiTAC Computing Technology Corp, a global server maker. BE will deploy fuel‑cell systems for an islanded microgrid at MiTAC’s AI server manufacturing campus in Fremont, California, adding to an existing setup at MiTAC’s San Jose facility. The move will boost MiTAC’s contracted onsite power capacity across the two sites.
Bloom’s AI Power Segment Is Bigger Than Expected
The analyst highlighted the growing size of the segment. For the first time, Bloom said it now works with nearly two dozen AI‑infrastructure customers, far more than the usual big names such as Oracle (ORCL), Nebius (NBIS), Brookfield (BAM), AEP (AEP), and Equinix (EQIX).
Amicucci said this shows Bloom’s market is broader than just data center operators. Bloom tied the MiTAC deal to commercial and industrial firms, especially advanced makers in the AI supply chain. These firms face the same power crunch as AI data centers and are turning to onsite power because, as Bloom said, “waiting for the grid is not an option.”
The analyst said this backs the idea that Bloom can power not just AI compute, but also the “picks and shovels” side of AI, including server and rack makers, chip work, and test sites. Overall, he sees the deal as incrementally positive, even though no financial impact was disclosed.
Why Is Bloom Energy Stock Falling Today?
Bloom Energy is trading lower today due to concerns over a short-seller report from Hunterbrook Capital and a fresh class-action lawsuit. The short seller said Bloom’s solid oxide fuel cells break down faster than advertised and fail to hit the efficiency and output levels the company promotes.
The report cites past data showing that many systems fall below key performance marks in about 20 months, far shorter than Bloom’s stated five‑year window. This was followed by several law firms urging investors in BE stock between February 27, 2025 and July 8, 2026, to join a class action lawsuit.
As a result of both the short report and a class action push, the stock remains under pressure.
Is BE Stock a Good Buy?
Currently, Wall Street has a Moderate Buy consensus rating on Bloom Energy stock based on 10 Buys and nine Holds. The average BE stock price target of $271.58 indicates a 24.55% upside potential.
