Clear Street analyst Tim Moore raised the firm’s price target on Bloom Energy (BE) to $155 from $130 and keeps a Hold rating on the shares. The firm expects the shares to trade higher today following the announcement of an expanded relationship with Oracle (ORCL). Bloom now expects to provide an initial 1.2 GW of onsite fuel cell power servers for Oracle’s U.S. projects for AI and cloud computing datacenters infrastructure, the analyst tells investors in a research note. Clear estimates that every 100 MW of products sold could equate to $200M revenue for Bloom. It upped the company’s 2026 revenue forecast by 9% and 2027 forecast by 11%.
Meet Samuel – Your Personal Investing Prophet
High conviction on BE? Try Tradr's BEX or BEZPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BE:
- Bloom Energy Stock (BE) Spikes 15% Today on Expanded Deal with Oracle
- Closing Bell Movers: Bloom Energy spikes on expanded Oracle deal
- Bloom Energy up 7% to $189.90 after announcing expanded partnership with Oracle
- Bloom Energy announces expanded partnership with Oracle
- Bloom Energy Issues Warrant to Oracle in Strategic Deal