Analyst Gregory Lewis of BTIG reiterated a Buy rating on Bloom Energy, boosting the price target to $165.00.
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Forget margin or options. Here's how the pros trade BEGregory Lewis has given his Buy rating due to a combination of factors tied to Bloom Energy’s strong operational performance and growth outlook. The company significantly outpaced consensus expectations on revenue and operating income, while showing sequential improvement in margins and guiding to robust top-line growth well ahead of market forecasts. Management’s outlook reflects confidence in accelerating demand for reliable, on-demand power, particularly from data centers and traditional commercial and industrial customers, with certain U.S. regions benefiting from favorable infrastructure and regulatory conditions.
Lewis also highlights Bloom Energy’s sizeable and rapidly expanding backlog, diversified across long-term service contracts and product orders, including a large, recently exercised fuel cell order that represents a multi-billion-dollar revenue opportunity. The firm’s strengthened balance sheet, characterized by low leverage and ample liquidity after a debt restructuring, supports further manufacturing expansion to meet rising demand. Finally, his target price is underpinned by a long-term discounted cash flow framework that anticipates sustained, above-market revenue growth and operating leverage, leading him to see the current valuation as justified by future earnings power.
In another report released on January 30, TipRanks – Google also upgraded the stock to a Buy with a $190.00 price target.
BE’s price has also changed dramatically for the past six months – from $37.610 to $136.600, which is a 263.20% increase.