Bloom Energy (BE) Stock Forecast, Price Target & Predictions

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BE Stock Forecast

Bloom Energy stock forecast is as follows: an average price target of $20.83 (represents a -12.99% downside from BE’s last price of $23.94) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

BE Price Target

The average price target for Bloom Energy (BE) is $20.83 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $35.00 to $10.00. This represents a potential -12.99% downside from BE's last price of $23.94.

BE Analyst Ratings

Buy

According to 13 Wall Street analysts, Bloom Energy's rating consensus is 'Buy'. The analyst rating breakdown for BE stock is 1 'Strong Buy' (7.69%), 10 'Buy' (76.92%), 2 'Hold' (15.38%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Bloom Energy Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 15, 2024	Ameet Thakkar	BMO Capital	-	-	1.56%	-18.55%
Oct 29, 2024	Kashy Harrison	Piper Sandler	-	-	-1.48%	-58.23%
Sep 23, 2024	Lloyd Byrne	Jefferies	-	-	0.82%	-54.05%
Jul 15, 2024	Andrew Percoco	Morgan Stanley	-	-	51.31%	-8.10%
Jul 15, 2024	Chris Dendrinos	RBC Capital	-	-	42.96%	-16.46%
Jun 12, 2024	Chris Dendrinos	RBC Capital	-	-	1.69%	-37.34%
May 21, 2024	Chris Dendrinos	RBC Capital	-	-	8.36%	-41.52%
May 20, 2024	Michael Blum	Wells Fargo	-	-	8.36%	-41.52%
May 16, 2024	Tom Hayes	C.L. King	-	-	39.00%	-28.99%
May 10, 2024	James West	Evercore ISI	-	-	70.36%	-16.46%

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The latest Bloom Energy stock forecast, released on Nov 15, 2024 by Ameet Thakkar from BMO Capital, set a price target of $19.50, which represents a 1.56% increase from the stock price at the time of the forecast ($19.20), and a -18.55% decrease from BE last price ($23.94).

Bloom Energy Price Target by Period

	1M	3M	12M
# Anlaysts	2	3	13
Avg Price Target	$14.75	$13.50	$16.19
Last Closing Price	$23.94	$23.94	$23.94
Upside/Downside	-38.39%	-43.61%	-32.37%

In the current month, the average price target of Bloom Energy stock is $14.75, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -38.39% decrease as opposed to Bloom Energy's last price of $23.94. This month's average price target is up 9.26% compared to last quarter, and down -8.89% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 15, 2024	Piper Sandler	Neutral	Overweight	Upgrade
Oct 29, 2024	Piper Sandler	Neutral	Neutral	Hold
Oct 04, 2024	BMO Capital	Market Perform	Market Perform	Hold
Sep 23, 2024	Jefferies	Hold	Hold	Hold
Sep 20, 2024	RBC Capital	Outperform	Outperform	Hold
Sep 06, 2024	UBS	Buy	Buy	Hold
Sep 06, 2024	RBC Capital	Underperform	Underperform	Hold
Sep 06, 2024	Jefferies		Hold	Downgrade
Jul 22, 2024	RBC Capital	Underperform	Underperform	Hold
Jul 22, 2024	Wells Fargo	Buy	Buy	Hold

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Bloom Energy's last stock rating was published by Piper Sandler on Nov 15, 2024. The company Upgrade its BE rating from "Neutral" to "Overweight".

Bloom Energy Financial Forecast

Bloom Energy Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$356.92M	$400.27M	$301.10M	$275.19M	$462.58M	$292.27M	$243.24M	$201.04M	$342.47M	$207.23M	$228.47M	$194.01M	$249.39M	$200.31M
Avg Forecast	$699.42M	$395.42M	$415.75M	$285.45M	$592.84M	$464.70M	$425.12M	$336.58M	$562.24M	$436.19M	$381.81M	$308.96M	$509.08M	$384.26M	$307.73M	$249.24M	$470.76M	$370.11M	$310.68M	$261.08M	$398.72M	$276.21M	$225.97M	$218.37M	$308.94M	$239.19M	$234.56M	$207.88M	$220.80M	$225.20M
High Forecast	$811.47M	$458.77M	$482.35M	$331.18M	$687.81M	$539.15M	$493.23M	$390.51M	$652.31M	$506.07M	$442.97M	$409.04M	$552.78M	$394.23M	$307.73M	$249.24M	$510.91M	$407.09M	$360.45M	$302.91M	$462.59M	$276.21M	$225.97M	$218.37M	$308.94M	$239.19M	$234.56M	$207.88M	$220.80M	$225.20M
Low Forecast	$608.32M	$343.92M	$361.59M	$248.27M	$515.62M	$404.17M	$369.75M	$292.74M	$489.00M	$379.37M	$332.07M	$259.28M	$469.43M	$374.29M	$307.73M	$249.24M	$437.61M	$339.47M	$270.21M	$227.08M	$346.78M	$276.21M	$225.97M	$218.37M	$308.94M	$239.19M	$234.56M	$207.88M	$220.80M	$225.20M
# Analysts	7	4	4	7	6	4	4	6	4	3	7	9	12	6	9	9	10	16	8	9	12	7	7	8	13	8	8	10	10	10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.76%	1.08%	0.97%	1.05%	1.16%	1.06%	1.08%	0.92%	1.11%	0.87%	0.97%	0.93%	1.13%	0.89%

Bloom Energy's average Quarter revenue forecast for Mar 24 based on 9 analysts is $249.24M, with a low forecast of $249.24M, and a high forecast of $249.24M. BE's average Quarter revenue forecast represents a -30.17% decrease compared to the company's last Quarter revenue of $356.92M (Dec 23).

Bloom Energy EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	7	4	4	7	6	4	4	6	4	3	7	9	12	6	9	9	10	16	8	9	12	7	7	8	13	8	8	10	10	10
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$32.24M	$-83.25M	$-54.46M	$-44.88M	$-17.88M	$-31.53M	$-86.86M	$-54.24M	$5.73M	$-24.43M	$-25.63M	$3.41M	$7.48M	$21.34M
Avg Forecast	$-80.23M	$-45.36M	$-47.69M	$-32.74M	$-68.00M	$-53.31M	$-48.77M	$-38.61M	$-64.49M	$-50.03M	$-43.80M	$-35.44M	$-58.40M	$-44.08M	$-35.30M	$-82.36M	$-54.00M	$-42.46M	$-35.64M	$-74.87M	$6.67M	$-30.91M	$-25.28M	$-59.19M	$-34.57M	$-26.76M	$-26.25M	$3.41M	$-24.71M	$-25.20M
High Forecast	$-69.78M	$-39.45M	$-41.48M	$-28.48M	$-59.15M	$-46.36M	$-42.41M	$-33.58M	$-56.09M	$-43.52M	$-38.09M	$-29.74M	$-53.85M	$-42.93M	$-35.30M	$-65.89M	$-50.20M	$-38.94M	$-31.00M	$-59.90M	$8.01M	$-30.91M	$-25.28M	$-47.35M	$-34.57M	$-26.76M	$-26.25M	$4.09M	$-24.71M	$-25.20M
Low Forecast	$-93.08M	$-52.62M	$-55.33M	$-37.99M	$-78.90M	$-61.85M	$-56.58M	$-44.79M	$-74.83M	$-58.05M	$-50.81M	$-46.92M	$-63.41M	$-45.22M	$-35.30M	$-98.83M	$-58.61M	$-46.70M	$-41.35M	$-89.85M	$5.34M	$-30.91M	$-25.28M	$-71.03M	$-34.57M	$-26.76M	$-26.25M	$2.73M	$-24.71M	$-25.20M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.60%	1.96%	1.53%	0.60%	-2.68%	1.02%	3.44%	0.92%	-0.17%	0.91%	0.98%	1.00%	-0.30%	-0.85%

9 analysts predict BE's average Quarter EBITDA for Mar 24 to be $-82.36M, with a high of $-65.89M and a low of $-98.83M. This is -355.42% lower than Bloom Energy's previous annual EBITDA (Dec 23) of $32.24M.

Bloom Energy Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	7	4	4	7	6	4	4	6	4	3	7	9	12	6	9	9	10	16	8	9	12	7	7	8	13	8	8	10	10	10
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$4.51M	$-169.00M	$-66.06M	$-74.92M	$-50.78M	$-60.39M	$-121.17M	$-82.75M	$-48.51M	$-52.37M	$-53.86M	$-24.89M	$-27.14M	$-11.95M
Avg Forecast	$103.79M	$18.10M	$27.01M	$-10.37M	$63.97M	$36.95M	$26.74M	$8.40M	$60.10M	$27.56M	$6.70M	$-11.07M	$65.28M	$18.85M	$-11.70M	$-130.84M	$21.47M	$-5.78M	$-34.06M	$-118.95M	$-38.81M	$-20.83M	$-39.65M	$-94.03M	$-7.91M	$-20.38M	$-14.58M	$-24.89M	$347.34K	$-27.72M
High Forecast	$125.40M	$21.87M	$32.64M	$-8.62M	$77.30M	$44.65M	$32.31M	$10.15M	$72.62M	$33.30M	$8.10M	$-5.54M	$92.66M	$22.78M	$-9.72M	$-104.68M	$61.73M	$2.89M	$-28.30M	$-95.16M	$-31.05M	$-20.83M	$-39.65M	$-75.22M	$-7.91M	$-20.38M	$-14.58M	$-19.91M	$347.34K	$-27.72M
Low Forecast	$86.21M	$15.03M	$22.44M	$-12.53M	$53.14M	$30.69M	$22.22M	$6.98M	$49.92M	$22.90M	$5.57M	$-21.03M	$42.12M	$15.66M	$-14.14M	$-157.01M	$-40.26M	$-13.00M	$-41.16M	$-142.74M	$-46.57M	$-20.83M	$-39.65M	$-112.84M	$-7.91M	$-20.38M	$-14.58M	$-29.87M	$347.34K	$-27.72M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21%	29.25%	1.94%	0.63%	1.31%	2.90%	3.06%	0.88%	6.13%	2.57%	3.70%	1.00%	-78.13%	0.43%

Bloom Energy's average Quarter net income forecast for Mar 24 is $-130.84M, with a range of $-157.01M to $-104.68M. BE's average Quarter net income forecast represents a -3000.55% decrease compared to the company's last Quarter net income of $4.51M (Dec 23).

Bloom Energy SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	7	4	4	7	6	4	4	6	4	3	7	9	12	6	9	9	10	16	8	9	12	7	7	8	13	8	8	10	10	10
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$45.90M	$63.37M	$69.31M	$72.26M	$73.63M	$67.39M	$58.59M	$59.07M	$55.41M	$53.14M	$54.38M	$45.75M	$46.45M	$37.13M
Avg Forecast	$155.53M	$87.93M	$92.45M	$63.47M	$131.83M	$103.33M	$94.53M	$74.85M	$125.02M	$96.99M	$84.90M	$68.70M	$113.20M	$85.45M	$68.43M	$98.64M	$104.68M	$82.30M	$69.08M	$89.67M	$64.54M	$61.42M	$50.25M	$70.88M	$68.70M	$53.19M	$52.16M	$45.75M	$49.10M	$50.08M
High Forecast	$180.44M	$102.01M	$107.26M	$73.64M	$152.95M	$119.89M	$109.68M	$86.84M	$145.05M	$112.53M	$98.50M	$90.96M	$122.92M	$87.66M	$68.43M	$118.36M	$113.61M	$90.52M	$80.15M	$107.60M	$77.45M	$61.42M	$50.25M	$85.06M	$68.70M	$53.19M	$52.16M	$54.90M	$49.10M	$50.08M
Low Forecast	$135.27M	$76.48M	$80.41M	$55.21M	$114.66M	$89.87M	$82.22M	$65.10M	$108.74M	$84.36M	$73.84M	$57.65M	$104.38M	$83.23M	$68.43M	$78.91M	$97.31M	$75.49M	$60.09M	$71.73M	$51.63M	$61.42M	$50.25M	$56.71M	$68.70M	$53.19M	$52.16M	$36.60M	$49.10M	$50.08M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.44%	0.77%	1.00%	0.81%	1.14%	1.10%	1.17%	0.83%	0.81%	1.00%	1.04%	1.00%	0.95%	0.74%

Bloom Energy's average Quarter SG&A projection for Mar 24 is $98.64M, based on 9 Wall Street analysts, with a range of $78.91M to $118.36M. The forecast indicates a 114.91% rise compared to BE last annual SG&A of $45.90M (Dec 23).

Bloom Energy EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	7	4	4	7	6	4	4	6	4	3	7	9	12	6	9	9	10	16	8	9	12	7	7	8	13	8	8	10	10	10
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.80	$-0.32	$-0.36	$-0.27	$-0.32	$-0.68	$-0.47	$-0.28	$-0.30	$-0.31	$-0.15	$-0.16	$-0.09
Avg Forecast	$0.46	$0.08	$0.12	$-0.05	$0.28	$0.16	$0.12	$0.04	$0.26	$0.12	$0.03	$-0.05	$0.29	$0.08	$-0.05	$-0.11	$0.09	$-0.03	$-0.15	$-0.22	$0.09	$-0.09	$-0.17	$-0.11	$-0.03	$-0.09	$-0.06	$-0.07	-	$-0.12
High Forecast	$0.55	$0.10	$0.14	$-0.04	$0.34	$0.20	$0.14	$0.04	$0.32	$0.15	$0.04	$-0.02	$0.41	$0.10	$-0.04	$-0.09	$0.27	$0.01	$-0.12	$-0.19	$0.11	$-0.09	$-0.17	$-0.11	$-0.03	$-0.09	$-0.06	$-0.07	-	$-0.12
Low Forecast	$0.38	$0.07	$0.10	$-0.05	$0.23	$0.13	$0.10	$0.03	$0.22	$0.10	$0.02	$-0.09	$0.18	$0.07	$-0.06	$-0.13	$-0.18	$-0.06	$-0.18	$-0.27	$0.07	$-0.09	$-0.17	$-0.11	$-0.03	$-0.09	$-0.06	$-0.07	-	$-0.12
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31.57%	2.14%	1.60%	-3.05%	3.49%	3.90%	4.44%	8.04%	3.34%	4.83%	2.08%	-104.64%	0.74%

According to undefined Wall Street analysts, Bloom Energy's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to BE previous annual EPS of $NaN (undefined).

Bloom Energy Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
MVST	Microvast	-	-	1255.93%	Buy
PLUG	Plug Power	-	-	1002.12%	Buy
FREY	FREYR Battery	-	-	650.99%	Buy
ENVX	Enovix	-	-	132.64%	Buy
BE	Bloom Energy	-	-	-12.99%	Buy
FCEL	FuelCell Energy	-	-	-61.24%	Hold

BE Forecast FAQ

Is Bloom Energy a good buy?

Yes, according to 13 Wall Street analysts, Bloom Energy (BE) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 10 'Buy' recommendations, accounting for 84.62% of BE's total ratings.

What is BE's price target?

Bloom Energy (BE) average price target is $20.83 with a range of $10 to $35, implying a -12.99% from its last price of $23.94. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Bloom Energy stock go up soon?

According to Wall Street analysts' prediction for BE stock, the company can go down by -12.99% (from the last price of $23.94 to the average price target of $20.83), up by 46.20% based on the highest stock price target, and down by -58.23% based on the lowest stock price target.

Can Bloom Energy stock reach $40?

BE's average twelve months analyst stock price target of $20.83 does not support the claim that Bloom Energy can reach $40 in the near future.

What is Bloom Energy's current price target trend?

2 Wall Street analysts forecast a $14.75 price target for Bloom Energy (BE) this month, down -38.39% from its last price of $23.94. Compared to the last 3 and 12 months, the average price target decreased by -43.61% and decreased by -32.37%, respectively.

What are Bloom Energy's analysts' financial forecasts?

Bloom Energy's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.82B (high $2.11B, low $1.58B), average EBITDA is $-209M (high $-182M, low $-242M), average net income is $136.07M (high $164.4M, low $113.03M), average SG&A $404.54M (high $469.35M, low $351.85M), and average EPS is $0.597 (high $0.721, low $0.496). BE's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.8B (high $2.08B, low $1.56B), average EBITDA is $-206M (high $-179M, low $-239M), average net income is $138.53M (high $171.3M, low $111.15M), average SG&A $399.38M (high $463.36M, low $347.36M), and average EPS is $0.608 (high $0.751, low $0.488).

Did the BE's actual financial results beat the analysts' financial forecasts?

Based on Bloom Energy's last annual report (Dec 2023), the company's revenue was $1.33B, which missed the average analysts forecast of $1.41B by -5.60%. Apple's EBITDA was $-129M, missing the average prediction of $-207M by -37.57%. The company's net income was $-302M, beating the average estimation of $-137M by 120.01%. Apple's SG&A was $250.84M, missing the average forecast of $345.73M by -27.45%. Lastly, the company's EPS was $-1.42, beating the average prediction of $-0.306 by 364.76%. In terms of the last quarterly report (Dec 2023), Bloom Energy's revenue was $356.92M, missing the average analysts' forecast of $470.76M by -24.18%. The company's EBITDA was $32.24M, missing the average prediction of $-54M by -159.71%. Bloom Energy's net income was $4.51M, missing the average estimation of $21.47M by -78.99%. The company's SG&A was $45.9M, missing the average forecast of $104.68M by -56.16%. Lastly, the company's EPS was $0, missing the average prediction of $0.0942 by -100.00%