Mizuho Securities increased its price target for Bloom Energy Corp. to $351 from $242 while maintaining an Outperform rating. This 45% target hike stems from strong pricing and demand signals. These drivers are expected to bolster long-term average selling prices and EBITDA margins.
The upgrade follows a quarter where both revenue and shipments surpassed market expectations. Bloom Energy currently projects approximately 100% revenue growth for 2026.
The company’s stock has gained over 300% in the past year. Recent momentum was further supported by its addition to the S&P 500 index, which UBS labeled a significant positive catalyst.