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Investing.com - UBS raised its price target on Bloom Energy Corp. (NYSE:BE) to $115.00 from $105.00 while maintaining a Buy rating following the company’s announcement of a $5 billion strategic partnership with Brookfield. The stock, which has surged nearly 395% year-to-date and commands a market capitalization of $24.65 billion, is currently trading near its 52-week high of $115.21.
The partnership focuses on building AI factories to meet growing computational and power demands for artificial intelligence infrastructure. Under the agreement, Bloom Energy will become the preferred onsite power provider for Brookfield’s global AI factories. According to InvestingPro data, the company’s strong financial health score and revenue growth of 22.72% position it well for this expansion.
The two companies are currently collaborating on designing and delivering AI factories globally, including a European site expected to be announced before the end of 2025.
UBS analyst Manav Gupta noted the partnership is likely to lead to wider adoption of Bloom Energy’s Solid Oxide Fuel Cells technology. The firm anticipates a significant increase in Bloom Energy’s order backlog within the next 12-24 months.
Based on the expected growth from this partnership, UBS has adjusted its sales estimates for Bloom Energy for 2027 and 2028.
In other recent news, Bloom Energy announced a significant $5 billion partnership with Brookfield, establishing itself as the preferred onsite power provider for Brookfield’s global AI factories. This strategic deal marks the first phase of a joint vision to build AI factories, leveraging Bloom’s fuel cell technology to meet growing compute and power demands. Following the announcement, Evercore ISI raised its price target for Bloom Energy to $137, maintaining an Outperform rating, highlighting the importance of this partnership in the AI infrastructure sector. Additionally, UBS reiterated its Buy rating with a $105 price target, as Bloom Energy plans to expand its operations with a new facility in Wyoming, utilizing its solid oxide fuel cells. Meanwhile, Mizuho maintained a Neutral rating with a $79 price target, reflecting a steady outlook. These developments underscore Bloom Energy’s growing influence in the data center and AI infrastructure markets.
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