Quick Read
Bloom Energy (BE) reported Q1 2026 revenue of $751M, up 130% YoY with non-GAAP EPS of $0.44 versus $0.13 expected, prompting JPMorgan to raise its price target to $267 and Susquehanna to $293.
Hyperscalers racing to power AI workloads are turning Bloom Energy’s on-site fuel cells into a critical infrastructure asset.
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Two major Wall Street firms raised the bar on Bloom Energy (NYSE:BE) stock today following a blowout quarter. JPMorgan lifted its BE stock price target to $267 from $231 while keeping an Overweight rating, and Susquehanna boosted its target to $293 from $173 with a Positive rating. The dual price target raise marks a clear institutional endorsement of Bloom Energy stock as a core AI infrastructure power play.
For prudent investors, the message is that Bloom Energy’s on-site fuel cell power has moved from a niche industrial offering to a strategic asset for hyperscalers racing to plug AI workloads into the grid. The question now is whether the data center power thesis can keep compounding from here. For broader context on AI power demand, see our recent coverage of the data center electricity crunch.
Ticker | Company | Firm | Action | Old Rating | New Rating | Old Target | New Target |
|---|---|---|---|---|---|---|---|
BE | Bloom Energy | JPMorgan | Price target raised | Overweight | Overweight | $231 | $267 |
BE | Bloom Energy | Susquehanna | Price target raised | Positive | Positive | $173 | $293 |
The Analyst’s Case
JPMorgan points to Bloom Energy’s Q1 2026 results being well above expectations and a fiscal year (FY) 2026 guidance increase that arrived only two months after the prior update. The firm sees margin leverage building as the business scales.
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Susquehanna echoes that view, citing Bloom Energy’s beat on revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA), driven by stronger deliveries and margins. Bloom Energy’s management told the analyst firm that the demand environment is accelerating as data centers chase any available power, with the FY revenue midpoint now at $3.6 billion.
Company Snapshot
Bloom Energy designs solid oxide fuel cell systems that deliver on-site, 24/7 electricity for commercial and industrial customers. Q1 2026 revenue jumped to $751.05 million, up 130.4% year over year (YoY), with non-GAAP earnings per share of $0.44 versus $0.13 expected.
