Bloom Energy Reports 57.1% Revenue Growth in 2025, Valuation at $31.5 Billion

Written by Emily J. Thompson, Senior Investment Analyst

BE+0.75%

WMT-1.27%

VZ+0.42%

Source: NASDAQ.COM

Updated: 1d ago

0mins

Source: NASDAQ.COM

Significant Revenue Growth: Bloom Energy reported a 57.1% year-over-year revenue increase in Q3 2025, marking its fourth consecutive quarter of record revenue, indicating strong demand and business expansion in the clean energy sector.
High Market Valuation: With a market cap of approximately $31.5 billion and a price-to-earnings ratio of 153, significantly above the energy sector average of 17, investors appear to be betting on future growth potential rather than current performance.
Strong Customer Base: Bloom Energy's clientele includes Fortune 100 companies like Walmart, AT&T, and Verizon, with key data center clients such as Equinix and Oracle, showcasing its influence and trust in critical markets.
Clear Technological Advantage: Bloom's power generation systems can be installed in under 50 days and offer modularity and fuel flexibility, effectively addressing the growing demands of data centers and providing a competitive edge in the market.

$150.62+Infinity%1D

Analyst Views on BE

Wall Street analysts forecast BE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BE is 121.59 USD with a low forecast of 39.00 USD and a high forecast of 160.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

18 Analyst Rating

9 Buy

8 Hold

1 Sell

Moderate Buy

Current: 149.500

Low

39.00

Averages

121.59

High

160.00

Current: 149.500

Low

39.00

Averages

121.59

High

160.00

Clear Street

Hold

maintain

$58 -> $68

Al Analysis

2026-01-08

Reason

Clear Street

Price Target

$58 -> $68

Al Analysis

2026-01-08

maintain

Hold

Reason

Clear Street raised the firm's price target on Bloom Energy to $68 from $58 and keeps a Hold rating on the shares. The firm says the company's sales "should benefit strongly" this year from a recent customer order of solid oxide fuel cells for a power generation plant in Wyoming. The order appears tied to the 1 GW supply framework agreement signed with American Electric Power (AEP) in November 2024, which had only a minimum initial firm order of 100 MW, the analyst tells investors in a research note. American Electric' s recent disclosure indicated this specific power supply to a facility is to come entirely from fuel cells generation. Clear Street anticipates the power generation facility project could cost nearly $3B, including non-fuel cells infrastructure expenses and construction costs, which is not all Bloom revenue.

Bernstein

David Dai

Outperform

downgrade

2026-01-04

Reason

Bernstein

David Dai

Price Target

2026-01-04

downgrade

Outperform

Reason

Bernstein analyst David Dai lowered the firm's price target on BE Semiconductor to EUR 165 from EUR 169 and keeps an Outperform rating on the shares. The firm cut the company's 2026 revenue estimates to 10% below consensus due to slower adoption of fluxless thermo-compression bonding. Recent developments indicate the technology roadmap has changed, as HBM4 can now be manufactured with the existing flux-based TCB tools, the analyst tells investors in a research note.

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Clear Street

Hold

maintain

$50 -> $58

2025-12-29

Reason

Clear Street

Price Target

$50 -> $58

2025-12-29

maintain

Hold

Reason

Clear Street raised the firm's price target on Bloom Energy to $58 from $50 and keeps a Hold rating on the shares. For 2026, the firm increased its revenue estimate by 2% and it increased its 2027 revenue estimate by 9% to $3.33B to reflect the likelihood of Bloom adding more internal production capacity for products for datacenters. While the firm continues to like Bloom's niche and high market share for its onsite power generation and uptime reliability advantages for new datacenters and manufacturing plants, it maintains a Hold rating based on valuation.

Daiwa

NULL

Hold

initiated

$98

2025-12-02

Reason

Daiwa

Price Target

$98

2025-12-02

initiated

NULL

Hold

Reason

Daiwa initiated coverage of Bloom Energy with a Hold rating and $98 price target.

About BE

Bloom Energy Corporation is engaged in stationary fuel cell power generation by market share. The Company provides distributed energy technology solutions to customers. The Company manufactures advanced and versatile fuel cell energy platforms, supporting the commercial availability of two products: the Bloom Energy Server for generating electricity and the Bloom Electrolyzer for producing hydrogen. With approximately 1.4 gigawatts (GW) of Energy Server systems deployed in more than 1,000 locations and nine countries. Its solid oxide fuel cell technology platform is the foundation for its Energy Server system and Bloom Electrolyzer. The Bloom Energy Server system is designed to deliver reliable, resilient, clean and affordable energy for utilities and organizations alike. Its Energy Server system is designed to deliver reliable electricity. The Bloom Electrolyzer is designed to provide hydrogen solutions based on the same solid oxide platform as its Energy Server systems.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.