Stock market today: S&P 500 falls as government shutdown, trade jitters persist
Investing.com - Bloom Energy Corp. (NYSE:BE), currently trading at $112.73 with a market capitalization of $26.4 billion, maintained its position after Mizuho reiterated its Neutral rating and $79.00 price target on the fuel cell company. According to InvestingPro analysis, the stock appears overvalued at current levels.
Bloom Energy announced a significant partnership with Brookfield, becoming its preferred onsite power provider. The deal includes a commitment from Brookfield of up to $5 billion for fuel cell generators, confirming Bloom’s role in large data center projects. The company has demonstrated strong momentum, with revenue growing 22.7% in the last twelve months and an impressive 708% return over the past year.
Mizuho estimates Bloom will supply approximately one-sixth of Brookfield’s data center power needs over the next five years, translating to roughly 200 MW per year of orders. The first order for Europe, expected later this year, will likely be approximately 100 MW.
The research firm now tracks over 850 MW per year of order visibility for Bloom Energy over the next 3-5 years, representing about 61% of Mizuho’s 1,400 MW per year average shipment estimate for 2026-2028.
Despite this growth trajectory, Mizuho noted that current visibility does not yet justify more than 2 GW per year of manufacturing capacity, though they continue to estimate Bloom will reach 5 GW per year capacity by 2029. The firm also highlighted that Bloom Energy remains constrained by manufacturing capacity. For deeper insights into Bloom Energy’s valuation and growth prospects, InvestingPro subscribers can access 16 additional ProTips and comprehensive financial metrics.
In other recent news, Bloom Energy announced a significant $5 billion strategic partnership with Brookfield to develop AI infrastructure utilizing Bloom’s fuel cell technology. This partnership marks the first phase of a joint vision to build AI factories, with Brookfield investing through its dedicated AI Infrastructure strategy. Evercore ISI responded to this development by raising Bloom Energy’s price target to $137, maintaining an Outperform rating. Additionally, UBS reiterated its Buy rating and $105 price target for Bloom Energy, as BFC Power filed for permission to construct a 900 MW facility in Wyoming using Bloom’s technology. RBC Capital also highlighted this potential Wyoming project, maintaining an Outperform rating and a $75 price target. Evercore ISI had previously initiated coverage of Bloom Energy with an Outperform rating and a $100 price target, citing the company’s capacity to meet power demands through innovative solutions. These developments underscore Bloom Energy’s ongoing collaborations and strategic initiatives in the AI and energy sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.