Piper Sandler raised the firm’s price target on Bloom Energy (BE) to $33 from $30 and keeps an Overweight rating on the shares. The company believes 55 GWs of datacenter demand growth could materialize by 2030. Entering Q4, Street 2025 expectations screen conservative, which provides management with flexibility on setting guidance that can be raised over time, the firm argues. With less IRA risk, direct leverage toward robust datacenter power demand, and the potential for favorable revisions, Piper believes Bloom Energy is well positioned to outperform in 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BE:
- Bloom Energy price target raised to $16 from $14 at JPMorgan
- Bloom Energy price target raised to $22 from $11 at Truist
- Bloom Energy put volume heavy and directionally bearish
- Plug Power (NASDAQ:PLUG) Shares Tick Up on Pivotal Hydrogen Tax Reforms
- Bloom Energy call volume above normal and directionally bullish