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Bloom Energy price target raised to $80 from $68 at Clear Street

Clear Street analyst Tim Moore raised the firm’s price target on Bloom Energy (BE) to $80 from $68 and keeps a Hold rating on the shares ahead of the company’s scheduled December quarter report on February 5. Ahead of earnings, the firm increased its assumption for a larger sales contribution from the American Electric Power (AEP) order in Wyoming and now believes Bloom could achieve about 500 MW of fuel cells for that site. As such, the firm increased its 2026 sales forecast by 2% and its 2027 sales forecast by 4%.

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