​

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

OverviewRevenueOwnershipFinancialsChartTranscripts

BE Stock Forecast

Bloom Energy stock forecast is as follows: an average price target of $16.50 (represents a -31.59% downside from BE’s last price of $24.12) 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 $16.50 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $10.00. This represents a potential -31.59% downside from BE's last price of $24.12.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 15, 2024Ameet ThakkarBMO Capital$19.50$19.201.56%-19.15%
Oct 29, 2024Kashy HarrisonPiper Sandler$10.00$10.15-1.48%-58.54%
Sep 23, 2024Lloyd ByrneJefferies$11.00$10.910.82%-54.39%
Jul 15, 2024Andrew PercocoMorgan Stanley$22.00$14.5451.31%-8.79%
Jul 15, 2024Chris DendrinosRBC Capital$20.00$13.9942.96%-17.08%
Jun 12, 2024Chris DendrinosRBC Capital$15.00$14.751.69%-37.81%
May 21, 2024Chris DendrinosRBC Capital$14.00$12.928.36%-41.96%
May 20, 2024Michael BlumWells Fargo$14.00$12.928.36%-41.96%
May 16, 2024Tom HayesC.L. King$17.00$12.2339.00%-29.52%
May 10, 2024James WestEvercore ISI$20.00$11.7470.36%-17.08%
Apr 01, 2024James WestEvercore ISI$21.00$11.2486.83%-12.94%
Mar 27, 2024Biju PerincherilSusquehanna$16.00$10.8447.58%-33.67%
Mar 06, 2024Jordan LevyTruist Financial$11.00$9.5415.30%-54.39%
Feb 07, 2023Truist Financial$26.00$23.4810.73%7.79%
Jan 10, 2023Morgan Stanley$35.00$21.6361.81%45.11%
Jan 06, 2023Wells Fargo$22.00$19.1614.82%-8.79%
Dec 14, 2022UBS$35.00$21.9659.38%45.11%
Aug 19, 2022Susquehanna$35.00$25.1839.00%45.11%
Aug 18, 2022Morgan Stanley$37.00$25.7943.47%53.40%
Aug 11, 2022Truist Financial$31.00$29.794.06%28.52%
Aug 11, 2022Credit Suisse$33.00$29.7810.81%36.82%
Aug 10, 2022Biju PerincherilSusquehanna$30.00$29.302.39%24.38%
Aug 10, 2022Sangita JainKeyBanc$33.00$29.3012.63%36.82%
Aug 10, 2022Pavel MolchanovRaymond James$29.00$29.30-1.02%20.23%
Aug 10, 2022Susquehanna$30.00$28.405.63%24.38%
Jul 12, 2022Raymond James$23.00$17.2933.02%-4.64%
Jun 13, 2022Morgan Stanley$21.00$15.2237.93%-12.94%
May 06, 2022Steve FleishmanWolfe Research$22.00$15.1345.41%-8.79%
May 02, 2022Truist Financial$20.00$18.826.27%-17.08%
Feb 11, 2022Pavel MolchanovRaymond James$27.00$16.8859.95%11.94%
Jan 05, 2022Leo MarianiKeyBanc$30.00$20.2148.44%24.38%
Sep 23, 2021Pearce HammondPiper Sandler$21.00$19.646.92%-12.94%
Jul 13, 2021Maheep MandloiCredit Suisse$35.00$22.0558.73%45.11%

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 -19.15% decrease from BE last price ($24.12).

Bloom Energy Price Target by Period

1M3M12M
# Anlaysts-313
Avg Price Target-$13.50$16.19
Last Closing Price$24.12$24.12$24.12
Upside/Downside-100.00%-44.03%-32.88%

In the current month, the average price target of Bloom Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Bloom Energy's last price of $24.12. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 22, 2024JefferiesHoldHoldHold
Nov 15, 2024Morgan StanleyOverweightOverweightHold
Nov 15, 2024Piper SandlerNeutralOverweightUpgrade
Nov 14, 2024Evercore ISIOutperformOutperformHold
Oct 29, 2024Piper SandlerNeutralNeutralHold
Oct 04, 2024BMO CapitalMarket PerformMarket PerformHold
Sep 23, 2024JefferiesHoldHoldHold
Sep 20, 2024RBC CapitalOutperformOutperformHold
Sep 06, 2024RBC CapitalUnderperformUnderperformHold
Sep 06, 2024UBSBuyBuyHold
Sep 06, 2024JefferiesHoldDowngrade
Jul 22, 2024RBC CapitalUnderperformUnderperformHold
Jul 22, 2024Wells FargoBuyBuyHold
Jul 15, 2024Morgan StanleyOverweightOverweightHold
Jun 12, 2024RBC CapitalOutperformOutperformHold
Jun 06, 2024Wells FargoBuyBuyHold
Jun 06, 2024BTIGBuyBuyHold
May 21, 2024RBC CapitalOutperformOutperformHold
May 20, 2024SusquehannaUnderperformUnderperformHold
May 20, 2024Wells FargoEqual-WeightEqual-WeightHold
May 13, 2024Bank of America SecuritiesUnderperformUnderperformHold
May 10, 2024Evercore ISIOutperformOutperformHold
Apr 01, 2024Evercore ISIOutperformInitialise
Mar 27, 2024SusquehannaPositivePositiveHold
Mar 25, 2024Sandler O'NeillUnderperformUnderperformHold
Mar 25, 2024SusquehannaMarket PerformMarket PerformHold
Jan 29, 2024Bank of America SecuritiesUnderperformDowngrade
Oct 24, 2023HSBCBuyBuyHold
Apr 03, 2023Morgan StanleyOverweightOverweightHold
Jan 10, 2023Morgan StanleyEqual-WeightOverweightUpgrade
Jan 06, 2023Wells FargoEqual-WeightDowngrade
Dec 14, 2022UBSBuyInitialise
Aug 18, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 11, 2022Credit SuisseOutperformOutperformHold
Aug 10, 2022KeyBancOverweightOverweightHold
Aug 10, 2022SusquehannaPositivePositiveHold
Aug 10, 2022Raymond JamesStrong BuyStrong BuyHold
Jul 12, 2022Raymond JamesStrong BuyStrong BuyHold
Jun 13, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 25, 2022SusquehannaPositiveUpgrade
Oct 06, 2021Raymond JamesStrong BuyUpgrade

Bloom Energy's last stock rating was published by Jefferies on Nov 22, 2024. The company gave BE a "Hold" rating, the same as its previous rate.

Bloom Energy Financial Forecast

Bloom Energy Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$774.09M$461.88M$488.07M$341.51M$624.43M$476.94M$440.43M$346.26M$552.31M$427.07M$376.71M$295.85M$507.36M$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$922.34M$550.34M$581.54M$406.91M$744.02M$568.28M$524.78M$412.58M$658.08M$508.86M$448.86M$384.59M$553.15M$394.23M$307.73M$249.24M$510.91M$407.09M$370.18M$311.09M$475.08M$276.21M$225.97M$218.37M$308.94M$239.19M$234.56M$207.88M$220.80M$225.20M
Low Forecast$657.12M$392.09M$414.31M$289.90M$530.07M$404.87M$373.88M$293.94M$468.85M$362.54M$319.79M$243.78M$469.74M$374.29M$307.73M$249.24M$437.61M$339.47M$263.73M$221.63M$338.47M$276.21M$225.97M$218.37M$308.94M$239.19M$234.56M$207.88M$220.80M$225.20M
# Analysts74476446437914999101689127781388101010
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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts74476446437914999101689127781388101010
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$21.34M
Avg Forecast$-88.79M$-52.98M$-55.99M$-39.17M$-71.63M$-54.71M$-50.52M$-39.72M$-63.35M$-48.99M$-43.21M$-33.94M$-58.20M$-44.08M$-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$-25.20M
High Forecast$-75.38M$-44.98M$-47.53M$-33.25M$-60.80M$-46.44M$-42.89M$-33.72M$-53.78M$-41.59M$-36.68M$-27.96M$-53.88M$-42.93M$-35.30M$-65.89M$-50.20M$-38.94M$-30.25M$-59.90M$8.01M$-30.91M$-25.28M$-47.35M$-34.57M$-26.76M$-26.25M$4.09M$-24.71M$-25.20M
Low Forecast$-105.80M$-63.13M$-66.71M$-46.68M$-85.35M$-65.19M$-60.20M$-47.33M$-75.49M$-58.37M$-51.49M$-44.12M$-63.45M$-45.22M$-35.30M$-98.83M$-58.61M$-46.70M$-42.46M$-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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts74476446437914999101689127781388101010
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$95.45M$13.97M$19.54M$-12.90M$69.02M$37.54M$27.05M$8.90M$64.59M$26.13M$7.92M$-10.80M$66.09M$18.85M$-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$119.21M$17.45M$24.40M$-10.37M$86.21M$46.88M$33.78M$11.12M$80.67M$32.64M$9.89M$8.10M$96.93M$23.55M$-9.40M$-104.68M$61.73M$2.89M$-27.37M$-95.16M$-31.05M$-20.83M$-39.65M$-75.22M$-7.91M$-20.38M$-14.58M$-19.91M$347.34K$-27.72M
Low Forecast$76.70M$11.23M$15.70M$-16.11M$55.46M$30.16M$21.74M$7.15M$51.90M$21.00M$6.37M$-25.64M$44.06M$15.15M$-14.62M$-157.01M$-40.26M$-13.00M$-42.54M$-142.74M$-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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts74476446437914999101689127781388101010
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$172.13M$102.71M$108.53M$75.94M$138.85M$106.06M$97.94M$77.00M$122.81M$94.97M$83.77M$65.79M$112.82M$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$205.10M$122.38M$129.31M$90.48M$165.44M$126.37M$116.69M$91.74M$146.34M$113.15M$99.81M$85.52M$123.00M$87.66M$68.43M$118.36M$113.61M$90.52M$82.32M$107.60M$77.45M$61.42M$50.25M$85.06M$68.70M$53.19M$52.16M$54.90M$49.10M$50.08M
Low Forecast$146.12M$87.19M$92.13M$64.46M$117.87M$90.03M$83.14M$65.36M$104.26M$80.62M$71.11M$54.21M$104.45M$83.23M$68.43M$78.91M$97.31M$75.49M$58.65M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts74476446437914999101689127781388101010
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$0.42$0.06$0.09$-0.06$0.30$0.16$0.12$0.04$0.28$0.11$0.03$-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$0.52$0.08$0.11$-0.05$0.38$0.21$0.15$0.05$0.35$0.14$0.04$0.04$0.43$0.10$-0.04$-0.09$0.27$0.01$-0.12$-0.18$0.11$-0.09$-0.17$-0.11$-0.03$-0.09$-0.06$-0.07-$-0.12
Low Forecast$0.34$0.05$0.07$-0.07$0.24$0.13$0.10$0.03$0.23$0.09$0.03$-0.11$0.19$0.07$-0.06$-0.13$-0.18$-0.06$-0.19$-0.28$0.07$-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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
FREYFREYR Battery$1.76$19.00979.55%Buy
MVSTMicrovast$1.16$8.00589.66%Buy
FCELFuelCell Energy$10.54$37.20252.94%Hold
ENVXEnovix$8.65$12.0038.73%Buy
PLUGPlug Power$2.46$2.14-13.01%Buy
BEBloom Energy$24.77$16.50-33.39%Buy

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 $16.5 with a range of $10 to $22, implying a -31.59% from its last price of $24.12. 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 -31.59% (from the last price of $24.12 to the average price target of $16.5), down by -8.79% based on the highest stock price target, and down by -58.54% based on the lowest stock price target.

Can Bloom Energy stock reach $40?

BE's average twelve months analyst stock price target of $16.5 does not support the claim that Bloom Energy can reach $40 in the near future.

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 $1.89B (high $2.25B, low $1.6B), average EBITDA is $-217M (high $-184M, low $-258M), average net income is $142.51M (high $177.99M, low $114.52M), average SG&A $419.84M (high $500.25M, low $356.4M), and average EPS is $0.625 (high $0.781, low $0.502). BE's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.07B (high $2.46B, low $1.75B), average EBITDA is $-237M (high $-201M, low $-282M), average net income is $116.05M (high $150.69M, low $87.51M), average SG&A $459.31M (high $547.27M, low $389.9M), and average EPS is $0.509 (high $0.661, low $0.384).

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%