Bloom Energy (BE) Stock Surges 15% as JPMorgan Raises Price Target to $346
TLDR
- JPMorgan analyst Mark Strouse raised his price target on BE to $346 from $267, keeping an Overweight rating
- Bloom Energy posted record Q2 2026 revenue of $1.065 billion, up 166% year-over-year, beating estimates by 29%
- Non-GAAP EPS of $0.78 nearly doubled analyst expectations
- The company raised full-year 2026 revenue guidance to $3.9 billion to $4.2 billion
- CoreWeaveโs strong Q2 results, including a $104 billion revenue backlog, added fuel to the rally
Bloom Energy (NYSE: BE) stock jumped more than 15% in morning trading on Wednesday, with the stock sitting around $237 at time of writing.
The catalyst was JPMorgan analyst Mark Strouse raising his price target on BE to $346, up from $267. He kept his Overweight rating in place.
Strouse projects Bloom Energy could deliver 4.1 gigawatts of fuel capacity by fiscal year 2030, driven by heavy demand from AI data center operators looking for fast, off-grid power.
The upgrade came right after a strong earnings report. Bloom Energy posted record Q2 2026 revenue of approximately $1.065 billion.
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