Gregory Lewis, an analyst from BTIG, maintained the Buy rating on Bloom Energy. The associated price target was raised to $80.00.
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Gregory Lewis has given his Buy rating due to a combination of factors that highlight Bloom Energy’s growth potential and strategic positioning in the power generation market. The company’s expansion at its Fremont facility is expected to significantly increase production capacity by 2027, potentially doubling product revenue if demand aligns with the increased capacity. This expansion is timely given the heightened demand for power generation driven by the AI and high-performance computing (HPC) sectors in the US, which has tightened supply chains and extended lead times for power generation equipment.
Additionally, Bloom Energy’s recent contract with Oracle to deploy fuel servers rapidly underscores its value proposition and ability to capitalize on the urgent need for efficient power solutions. The analyst also notes that the natural gas power generation market is experiencing a surge in demand, which benefits Bloom Energy as renewables face short-term challenges. With increased revenue and EBITDA estimates for 2026, and a favorable valuation outlook, Lewis maintains a positive view on Bloom Energy’s stock, supporting his Buy rating.
In another report released on September 19, UBS also maintained a Buy rating on the stock with a $105.00 price target.