Bloom Energy Stock Surges 260% YTD to $351, Price Targets Upped to $350
BE•Analysts raised Bloom Energy’s price targets to $285 and $350 as its stock surged 260% YTD to a record $351.25 on June 25, supported by a $250 pullback floor. A call/put volume ratio of 1.62 in the highest annual percentile and 11.1% short interest underscore strong bullish conviction.
1. Analyst Price Target Hikes
Bloom Energy’s price targets were raised to $285 by one firm and $350 by another, while 15 of 26 covering analysts maintain hold or strong-sell ratings. The average 12-month target remains 12.8% below prevailing levels, indicating scope for further upgrades.
2. Stock Performance and Technical Support
Shares have climbed 260% year-to-date, reaching an all-time high of $351.25 on June 25. Pullbacks since May have consistently found support at a $250 floor alongside the ascending 60-day trendline.
3. Options Activity Indicates Bullish Sentiment
The 10-day call/put volume ratio sits at 1.62, ranking in the top percentile of its annual range. Today’s volume included 30,000 August 330 call contracts, roughly double the average intraday rate.
4. High Short Interest and Volatility
Short interest equals 11.1% of the float, implying nearly three days to cover at average trading volumes. A volatility score of 86 out of 100 reflects persistently higher-than-expected realized volatility over the past year.
