Jefferies upgraded Bloom Energy (BE) to Hold from Underperform with a price target of $187, up from $97, after the company announced a 1.2GW order with Oracle (ORCL), with potential for an additional 1.6GW over time. Assuming draw from the current backlog and Oracle converting to revenue in 2026 and 2027, the firm estimates 20% and 51% respective upside to current cons revenue estimates, assuming no incremental orders.
Claim 55% Off TipRanks
New trading tool for BE bulls/bearsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BE:
- Bloom Energy upgraded to Hold from Underperform at Jefferies
- Bloom Energy price target raised to $231 from $166 at JPMorgan
- Bloom Energy price target raised to $155 from $130 at Clear Street
- Bloom Energy Stock (BE) Spikes 15% Today on Expanded Deal with Oracle
- Closing Bell Movers: Bloom Energy spikes on expanded Oracle deal