TD Cowen analyst Jeff Osborne maintained a Hold rating on Bloom Energy (BE – Research Report) today and set a price target of $20.00.
Jeff Osborne has given his Hold rating due to a combination of factors influencing Bloom Energy’s current and future performance. The company has shown strong financial results in the first quarter, with revenues and EBITDA surpassing expectations, and it has maintained its guidance for fiscal year 2025. However, the recent departure of the CFO after a short tenure introduces some uncertainty, and the impact of tariffs is expected to slightly affect gross margins.
Despite a solid cash position and positive service margins, there are concerns about the outlook for smaller commercial and industrial customers, particularly retailers, and the timing of deployments due to regulatory issues in Ohio. Additionally, while there is robust demand from data centers, some large deals may be deferred to 2026. These mixed signals, along with limited disclosure on certain metrics, contribute to the Hold rating as the company navigates these challenges.
Osborne covers the Technology sector, focusing on stocks such as First Solar, Enphase Energy, and Itron. According to TipRanks, Osborne has an average return of -2.1% and a 37.37% success rate on recommended stocks.
In another report released today, Roth MKM also maintained a Hold rating on the stock with a $20.00 price target.