Jeff Osborne Raises Bloom Energy Price Target to $235 but Maintains Hold on Valuation and Execution Risks

In a report released yesterday, Jeff Osborne from TD Cowen maintained a Hold rating on Bloom Energy, with a price target of $235.00.

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Jeff Osborne has given his Hold rating due to a combination of factors, balancing Bloom Energy’s strong operational momentum with valuation and execution considerations. Bloom delivered a standout quarter, sharply accelerating revenue growth, expanding margins, and boosting cash generation, while also lifting multi‑year guidance on the back of accelerating AI data center demand and larger, more visible project opportunities.

At the same time, Osborne views the shares as appropriately priced relative to these improved prospects, even after increasing his price target to $235 based on long‑term EBITDA expectations. He highlights risks tied to rapidly ramping manufacturing capacity, continued dependence on customer readiness for project timing, and limited disclosure, all of which temper the otherwise robust fundamental story and support a more neutral Hold stance.

In another report released yesterday, Barclays also assigned a Hold rating to the stock with a $177.00 price target.