Bloom Energy Price Targets Lifted to $71–$170 Despite Underperform Ratings
On Feb. 10 Jefferies raised Bloom Energy’s price objective to $102 from $92 while maintaining an Underperform rating and citing a $6 billion order backlog with unclear capacity expansion plans. Between Feb. 6–9, Mizuho lifted its target to $110 from $89, BofA to $71 from $39 and UBS to $170 from $115, reflecting Q4 beats and margin gains.
1. Jefferies Maintains Underperform Rating
On Feb. 10 Jefferies lifted Bloom Energy’s price objective to $102 from $92 while retaining its Underperform rating. The firm highlighted a $6 billion backlog for near‐term visibility but flagged limited transparency on potential capacity expansions.
2. Other Analysts Raise Price Targets
Between Feb. 6 and Feb. 9, Mizuho raised its price target to $110 from $89 with a Neutral rating, citing cost cuts and higher capacity utilization. Bank of America boosted its objective to $71 from $39 despite keeping an Underperform stance after a clean Q4 beat, while UBS lifted its goal to $170 from $115 on the back of a solid quarterly beat and stronger forward guidance.
3. Divergent Views and Implications
The wide range of price objectives—from $71 to $170—reflects mixed analyst confidence in margin accretion, sustainable shipment ramps and long‐term growth of Bloom Energy’s solid oxide fuel cell platforms. Investors must balance the sizable backlog against capacity scaling uncertainties when evaluating the stock’s valuation potential.