Bloom Energy (BE) Price Targets Increased by Analysts

Bloom Energy Corporation (NYSE:BE) is one of the 12 Best Performing Stocks in the Last 3 Months. On October 31, Jefferies increased its price target on Bloom Energy Corporation (NYSE:BE) from $31 to $53 but kept an Underperform rating.

Jefferies highlighted the recent deal with Brookfield Asset Management, under which Brookfield will invest up to $5 billion to deploy Bloom Energy Corporation’s (NYSE:BE) advanced fuel cell technology. This strategic joint venture will focus on the design and delivery of AI factories, compute infrastructure, and power solutions. However, Jefferies is still cautious and wants more clarity regarding the profitability of this joint venture structure.

According to Jefferies, the fourth quarter will be important for investors. The firm expects Bloom Energy Corporation (NYSE:BE) to share its backlog, which could include sales for 2026 and 2027.

Previously, on October 29, Susquehanna also increased its price target for Bloom Energy Corporation (NYSE:BE) from $105 to $157. This decision followed the company’s strong Q3 results that beat revenue and EBITDA expectations.

Bloom Energy Corporation (NYSE:BE) designs and manufactures fuel cell systems for on-site power generation for data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors.

While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.