Redburn starts Bloom Energy at Neutral, says guidance ‘aggressive and uncertain’

As previously reported, Redburn Atlantic initiated coverage of Bloom Energy with a Neutral rating and $12.50 price target. Bloom’s 2026 and 2031 revenue guidance ranges are “too aggressive and uncertain,” the analyst tells investors. While both the firm and consensus are “already well below the guides,” the firm questions how sustainable it is to have these guidance points in the market, adding that Bloom appears to have benefited from investor flows following Plug Power’s (PLUG) sharp fall, which “may not be sustained.”