Wells Fargo has raised the price target for Bloom Energy (BE) from $22 to $38, a 72.73% increase, maintaining an “Equal-Weight” rating. Historically, analysts have raised their price targets for BE, with some increasing their targets by 83.33%. The average one-year price target is $30.24, with a high estimate of $45 and a low of $10. The average brokerage recommendation is 2.5, indicating “Outperform” status.
Wells Fargo & Company has significantly raised its price target for Bloom Energy (BE) from $22 to $38, representing a 72.73% increase. This upward revision comes after Bloom Energy reported strong second-quarter earnings, including record revenue and profitability. The firm maintains an “Equal-Weight” rating on the stock.
Bloom Energy’s Q2 2025 earnings call highlighted several key factors driving the company’s growth. The company reported record revenue of $401 million, up 19.5% year-over-year, and achieved record operating margins and profits. This growth was fueled by strong demand for clean and reliable power, particularly from data centers and AI applications [1].
The company also announced strategic partnerships with major U.S. utility companies, including American Electric Power, which led to deployments with Amazon Web Services and Coralogix. Bloom Energy committed to powering Oracle’s AI data centers within 90 days, demonstrating its ability to meet rapid deployment demands [1].
Additionally, Bloom Energy plans to double its factory capacity from 1 to 2 gigawatts by the end of next year, reflecting strong pipeline confidence. This expansion is driven by the expectation of high demand for power capital equipment to support the growth of AI and data center needs [1].
Analysts have shown confidence in Bloom Energy’s future prospects. Ben Kallo from Baird increased his price target for Bloom Energy to $45, maintaining an “Outperform” rating. This move follows Bloom Energy’s Q2 financial results and reflects the analyst’s updated model [3].
The average one-year price target for Bloom Energy is $30.24, with a high estimate of $45 and a low of $10. The average brokerage recommendation is 2.5, indicating “Outperform” status [2].
References:
[1] https://www.ainvest.com/news/bloom-energy-q2-2025-earnings-call-unpacking-key-contradictions-production-tariffs-capacity-expansion-2508/[2] https://www.marketbeat.com/instant-alerts/wells-fargo-company-issues-positive-forecast-for-bloom-energy-nysebe-stock-price-2025-08-01/
[3] https://www.gurufocus.com/news/3027414/bloom-energy-be-receives-price-target-boost-from-analyst
Source: ainvest.com
