Baird has revised its price target for Bloom Energy (BE, Financial), reducing it from $32 to $27, while maintaining an Outperform rating on the company's shares. This adjustment comes as part of a preview for the first quarter earnings. Baird anticipates that the projections for sustainable energy and mobility in the second quarter and the latter half of 2025 may remain subdued due to ongoing uncertainties in global markets.
Despite the adjusted target, Bloom Energy continues to rank among Baird's top investment ideas for the year, alongside MP Materials (MP). Additionally, the firm is advocating for investment in Itron (ITRI) as the quarter progresses. Baird also maintains a positive outlook for First Solar (FSLR). These recommendations highlight the firm's strategic focus on companies positioned to perform well under current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Bloom Energy Corp (BE, Financial) is $27.06 with a high estimate of $35.00 and a low estimate of $10.00. The average target implies an upside of 51.19% from the current price of $17.90. More detailed estimate data can be found on the Bloom Energy Corp (BE) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Bloom Energy Corp's (BE, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bloom Energy Corp (BE, Financial) in one year is $21.70, suggesting a upside of 21.23% from the current price of $17.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bloom Energy Corp (BE) Summary page.
