Bullish indicating open at $55-$60, IPO prices at $37
UBS maintained its Buy rating on Bloom Energy Corp . (NYSE:BE) with a price target of $29.00 on Thursday. The stock, which has surged 10.17% in the past week, trades at notably high valuation multiples according to InvestingPro data. The investment firm reaffirmed its positive stance on the clean energy company while making minor adjustments to its quarterly estimates.
UBS expects Bloom Energy to report second-quarter 2025 sales of $365 million, representing an increase from the $326 million recorded in the first quarter of 2025. The firm also anticipates improved profitability with second-quarter EBITDA projected to reach $35 million, up from $25 million in the previous quarter. With a strong current ratio of 3.44, InvestingPro analysis shows the company maintains healthy liquidity to support its growth initiatives.
For the full fiscal year 2025, UBS forecasts Bloom Energy will achieve total sales of $1,777 million. This estimate represents a significant year-over-year increase compared to the $1,474 million in revenue generated during 2024.
The maintained Buy rating comes as Bloom Energy continues to expand its presence in the alternative energy sector with its solid oxide fuel cell technology. The company’s products provide clean, reliable power generation for commercial and industrial customers. For deeper insights into Bloom Energy’s valuation and growth prospects, InvestingPro offers a comprehensive research report with 14 additional exclusive ProTips and detailed financial analysis.
UBS analyst Manav Gupta stated, "We are slightly adjusting our estimates for the quarter. For 2Q25, we expect sales of $365M vs. $326M in 1Q25. For 2Q25, we expect EBITDA of $35M vs. $25M in 1Q25. For FY 2025, we estimate sales of $1,777M vs. $1,474M in 2024."
In other recent news, Bloom Energy Corporation reported first-quarter revenues for 2025 at approximately $326 million, exceeding consensus estimates of $293 million by about 11%. The company also showcased non-GAAP gross margins of roughly 29%, surpassing Wall Street’s expectations of 22%. This financial performance was bolstered by a repowering-related contract and stronger product revenues. Meanwhile, regulatory approval was granted for AEP Ohio to deploy Bloom Energy’s solid oxide fuel generators at Amazon (NASDAQ:AMZN) Web Services and Cologix data centers, with contracts extending six and fifteen years, respectively. UBS analysts maintained a Buy rating for Bloom Energy, citing the company’s advantageous market position and time-to-power advantage. RBC Capital also reiterated its Outperform rating, highlighting Bloom Energy’s strategic initiatives and growing demand for electricity. BMO Capital Markets maintained its Market Perform rating, noting the positive implications of Ohio’s HB15 legislation on Bloom Energy’s potential agreement with American Electric Power (NASDAQ:AEP). Furthermore, Bloom Energy held its annual stockholder meeting, re-electing three board members and approving executive compensation and audit firm proposals. However, a proposed amendment to the company’s certificate of incorporation did not pass.
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