Baird Raises Bloom Energy PT to $61, Maintains Outperform Rating

Baird Raises Bloom Energy PT to $61, Maintains Outperform Rating

In a significant development, Baird has updated its price target for Bloom Energy Corporation (NYSE: BE) to $61, while maintaining its "Outperform" rating. This move comes on the heels of the company's strong second-quarter earnings report, which showcased robust revenue growth and improved profitability.

Bloom Energy reported Q2 2025 revenue of $401.2 million, a 19.5% increase from the previous year's $335.8 million [1]. The company's non-GAAP operating income stood at $28.6 million, with gross margin expanding from 20.4% to 26.7%. Notably, the company's non-GAAP services were profitable for the sixth consecutive quarter, indicating a steady stream of recurring revenue.

The company's stock has experienced a 12-month price range with a low of $9.02 and a high of $55.07, currently trading at $53.00 [2]. Despite the recent drop, institutional investors have shown significant interest in Bloom Energy, with several large investors increasing their stakes. For instance, Tree Line Advisors Hong Kong Ltd. bought a new stake worth approximately $22.6 million during the first quarter [2].

Analysts have mixed views on the stock, with a majority rating it a "Moderate Buy" and an average target price of $26.39 [2]. Baird's new target price of $61 reflects a significant upside potential, suggesting that the firm believes in Bloom Energy's ability to capitalize on the growing demand for clean energy and AI-driven solutions.

Bloom Energy's partnership with Oracle to provide power for AI data centers further underscores its strategic positioning in the market. The company's plans to increase production capacity from 1 GW to 2 GW by 2026 also signal its commitment to growth and expansion [1].

While the stock has faced some volatility, the latest earnings report and Baird's updated price target suggest that investors may be rewarded for their patience. As always, it is crucial for investors to conduct their own research and consider their risk tolerance before making any investment decisions.

References:
[1] https://finance.yahoo.com/news/bloom-energy-announces-second-quarter-083650322.html
[2] https://www.marketbeat.com/instant-alerts/filing-nomura-holdings-inc-sells-105844-shares-of-bloom-energy-corporation-be-2025-09-01/