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Investing.com - Mizuho (NYSE:MFG) raised its price target on Bloom Energy Corp . (NYSE:BE) to $48.00 from $31.00 on Monday, while maintaining an Outperform rating on the stock. The new target represents the highest among analysts, with targets ranging from $10 to $48. According to InvestingPro data, BE shares have surged over 211% in the past year, though current analysis suggests the stock is trading above its Fair Value.
The significant 55% increase in the price target reflects Bloom Energy’s accelerated manufacturing capacity expansion plans to meet growing data center power demand.
Mizuho estimates Bloom will reach 2 GW of fuel cell manufacturing capacity by the end of 2026, which represents a three-year advancement from previous projections that anticipated this milestone in 2029, compared to the company’s current 1 GW capacity.
The research firm noted that Bloom’s Q2 operating margin beat expectations, and it anticipates further operating leverage as the company scales production after completing its expansion.
Mizuho now forecasts Bloom Energy’s megawatts sold will increase at a 35% compound annual growth rate (CAGR) from 2025 to 2030, up from its previous 20% estimate and the historical 23% CAGR achieved between 2021 and 2025.
In other recent news, Bloom Energy Corp. reported its second-quarter 2025 earnings, significantly surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.10, compared to a forecast of $0.01. Revenue also exceeded projections, reaching $401.2 million against an expected $376.24 million. Despite these strong financial results, the company’s stock price experienced a slight dip in after-hours trading. These developments reflect a positive financial performance for Bloom Energy. However, no significant news regarding mergers or acquisitions was reported. Additionally, there were no updates on analyst upgrades or downgrades for the company. These recent developments highlight Bloom Energy’s ability to exceed market expectations in its financial performance.
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