Bullish indicating open at $55-$60, IPO prices at $37
Bloom Energy Corp (NYSE:BE)’s stock reached a new 52-week high, climbing to 30.42 USD, with InvestingPro data showing the stock trading significantly above its Fair Value. The company’s beta of 3.23 indicates higher volatility than the broader market. This milestone reflects a significant upward trend, as the company’s stock has surged by 85.7% over the past year, including a notable 10.61% gain just last week. The increase underscores investor confidence and interest in Bloom Energy’s prospects, driven by advancements in clean energy technology and a growing emphasis on sustainable solutions. With earnings scheduled for July 31st, investors following InvestingPro’s analysis can access 15+ additional exclusive insights about Bloom Energy’s financial health and market position. This 52-week high marks a notable achievement for the company, highlighting its strong performance in the market and its potential for future growth. The company maintains healthy liquidity with a current ratio of 3.44, while analysts project 18% revenue growth for the current fiscal year. For deeper insights into Bloom Energy’s valuation and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Bloom Energy has announced a collaboration with Oracle (NYSE:ORCL) to provide onsite power to Oracle Cloud Infrastructure data centers in the U.S. This partnership involves deploying Bloom’s fuel cell technology, which promises reliable and cost-efficient power delivery within 90 days to support Oracle’s AI and cloud computing services. Additionally, UBS has reaffirmed its Buy rating on Bloom Energy, maintaining a price target of $29.00, following Amazon (NASDAQ:AMZN) Web Services’ plans to utilize Bloom’s energy servers at a new data center facility.
JPMorgan has upgraded Bloom Energy from Neutral to Overweight, raising the price target to $33.00. This upgrade is influenced by Bloom’s fuel cells requalifying for 48E tax credits, which could positively impact revenue and margin estimates starting in fiscal year 2026. UBS has also reiterated its Buy rating amid findings that data centers are expected to account for a growing share of electricity demand, projected to reach 12% nationwide by 2028. These developments highlight Bloom Energy’s strategic movements within the data center power supply sector.
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