Bloom Energy Appoints Jim Snabe to Board, Drives Expansion Worldwide

Bloom Energy has appointed Jim Hagemann Snabe to its Board of Directors, strengthening its mission to scale fuel cell technology globally. Snabe brings decades of experience in scaling global enterprises and will drive Bloom's expansion worldwide. He has a distinguished career spanning over three decades in the IT and industrial sectors, including serving as co-CEO of SAP.

Bloom Energy (NYSE: BE) has appointed Jim Hagemann Snabe to its Board of Directors, further strengthening its mission to scale fuel cell technology globally. Snabe brings over three decades of experience in scaling global enterprises, positioning Bloom to accelerate its growth worldwide [1].

Jim Snabe's distinguished career spans the information technology and industrial sectors. He served as co-CEO of SAP, a global leader in enterprise applications and business AI, where he drove significant global growth. Currently, he is the Chairman of Siemens AG and has previously held senior positions at Allianz SE and A.P. Møller - Mærsk, where he advanced digital transformation and sustainability initiatives. Snabe also serves on the Board of Temasek, the Board of Trustees at the World Economic Forum, and is an advisor to Deutsche Bank. Additionally, he is a Board member at C3 AI [1].

"I am delighted to welcome Jim Snabe to our Board of Directors," said KR Sridhar, Founder, Chairman, and CEO of Bloom Energy. "Jim’s proven success in scaling global enterprises at SAP, Maersk, and Siemens will be invaluable in our drive to bring clean, reliable, and affordable power to businesses and communities worldwide. His strategic vision and innovation expertise will help accelerate Bloom’s leadership in the global energy transition. All of us at Bloom are excited that Jim is joining us in our mission to create energy abundance for all" [1].

Jeffrey Immelt, lead independent director of Bloom Energy and former Chairman and CEO of GE, said: "We welcome Jim to the Bloom Energy board. He brings a lifetime of experience in energy markets, global development, leadership, and innovation. Jim is smart, tough-minded, and strategic. He will be great for our team, our customers, and our investors. We look forward to learning from Jim" [1].

Snabe stated: "I’m excited to join Bloom Energy’s board at a time when the market urgently needs scalable energy solutions. Bloom’s technology is uniquely positioned to meet the growing demand for reliable, affordable, and sustainable energy" [1].

Bloom Energy empowers enterprises to meet soaring energy demands and responsibly take charge of their power needs. The company’s fuel cell system provides ultra-resilient, highly scalable onsite electricity generation for Fortune 500 companies around the world, including data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors. Headquartered in Silicon Valley, Bloom Energy has deployed 1.5 GW of low-carbon power across more than 1,200 installations globally [1].

Wells Fargo has recently raised the price target for Bloom Energy (BE) from $22 to $38, a 72.73% increase, maintaining an "Equal-Weight" rating. Historically, analysts have raised their price targets for BE, with some increasing their targets by 83.33%. The average one-year price target is $30.24, with a high estimate of $45 and a low of $10. The average brokerage recommendation is 2.5, indicating "Outperform" status [3].

This appointment signals Bloom Energy's commitment to leveraging Snabe's extensive experience to drive its global expansion and innovation in the energy sector. The company's forward-looking statements highlight its leadership role in the energy transition, the ability of its technology to meet energy demand needs, and expectations regarding the growth of onsite power generation and distributed power [1].

References:
[1] https://www.stocktitan.net/news/BE/bloom-energy-appoints-jim-snabe-to-board-of-b4jhpdvbzca6.html
[2] https://www.businesswire.com/news/home/20250806819686/en/Bloom-Energy-Appoints-Jim-Snabe-to-Board-of-Directors
[3] https://www.ainvest.com/news/wells-fargo-raises-price-target-bloom-energy-38-00-reflecting-positive-growth-prospects-2508/