BE

Bloom Energy beat Q3 estimates and raised guidance again, but AI infrastructure risks cloud outlook. The company’s strong results are not enough to offset concerns about the broader market environment.

Bloom Energy now expects its sales to more than double this year, raising its 2026 forecast for the third time. Investors wonder if the lower share price offers a buying opportunity.

Key Stats for Bloom Energy StockCurrent Price: $193. 30Target Price (Mid): ~$657Street Target: ~$287Potential Total Return: ~240%Annualized IRR: ~34% / year__Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)__ >>> What Happened?Bloom Energy (BE) carried a forward P/E of around 78x on September 30.

Bloom Energy is not pricing in capacity upside.

Bloom Energy has benefited from tremendous demand from data centers. The company is positioned to be a major winner in the AI power crunch.

Jefferies lowered its price target on Bloom Energy to $242 from $289 while keeping a Hold rating. The downgrade follows a lack of updates on the company’s largest opportunity with Oracle.

Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) fell 10.2% in the morning session after it extended a decline from the prior session as third-quarter results prompted profit-taking, while sentiment toward AI linked stocks weakened, overshadowing record sales and raised full-year guidance.

Bloom Energy fell on Oct. 23 after investors flagged negative operating cash flow and heavy expansion spending, despite record Q3 revenue. The drop reflects concerns about the company’s cash flow outlook.