Baird Raises Bloom Energy (BE) Price Target to $351
Baird has reiterated its Outperform rating for Bloom Energy with a new price target of $351, a 58.59% upside from the current price.
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Baird raised its price target on Bloom Energy Corporation ($BE) to $351 from $310 on October 15, 2026, and rates the stock "Outperform".
Since the rating, $BE is down 6.3% to date (from the $236.30 close on Oct 15, 2026).
BE
Bloom Energy Corporation
Key Points
- Baird maintained its Outperform rating on Bloom Energy Corporation and increased the price target to $351 from $310 on October 15, 2026.
- Baird's $351 price target implies 58.59% upside from Bloom Energy Corporation's ($BE) current $221.33 share price.
- The stock is currently trading at $225.02, which is about 35.9% below the new analyst target.
- Bloom Energy has shown impressive revenue growth of 165.5% year-over-year, reflecting strong business momentum.
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Baird has reiterated its Outperform rating on Bloom Energy Corporation (NYSE: BE) and increased its price target to $351 from $310 on October 15, 2026. This call comes as Bloom Energy continues to show strong performance in its sector, particularly with a year-over-year revenue growth of 165.5%.
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Other Institutional Activity in Bloom Energy
Several other institutional investors have adjusted their positions in Bloom Energy recently. Blackrock Inc. reduced its holdings by 6,618,591 shares, ending with 18,442,336 shares worth about $4.08 billion. Ameriprise Financial, Inc. also trimmed its stake by 4,753,946 shares, bringing its total to 18,134,575 shares valued at approximately $4.01 billion. In contrast, Goldman Sachs Group Inc. increased its position, adding 4,830,194 shares for a total of 13,950,652 shares worth about $3.09 billion.
Bloom Energy Corporation Stock Down 7.5%
Currently, Bloom Energy's shares are trading at $225.02, which is below its 50-day moving average of $248.74 by about 9.5%. The stock is also approximately 35.9% below its 52-week high of $351.28, indicating it has room for growth. However, it is trading well above its 52-week low of $75.70, reflecting a strong recovery.
$BE price target
Bloom Energy Corporation daily closes and this analyst's $351 target. Not advice.
Recent Earnings
In its latest earnings report, Bloom Energy reported trailing twelve-month revenue of $3.11 billion and earnings per share of $0.69. The next earnings report is scheduled for October 22, 2026, where investors will be looking for continued growth.
Insider Buying and Selling at Bloom Energy Corporation
Insider trading activity shows several notable sales. On August 14, 2026, Officer Aman Joshi sold 4,677 shares at an average price of $241.75, totaling about $1.13 million. Chief Operating Officer Satish Prabhu Chitoori also sold 2,053 shares for approximately $496,087 on the same day. Additionally, Director Jeffrey R. Immelt sold 30,000 shares at an average price of $238.91, amounting to around $7.17 million on August 17, 2026.
Analysts Set New Price Targets
On October 15, 2026, Baird maintained its Outperform rating on Bloom Energy and raised its price target to $351. Other firms, like UBS, also maintained a Buy rating with a target of $350, while Barclays kept an Equal-Weight rating with a target of $308. The current consensus among analysts is a Buy rating with a mean price target of about $284.58, indicating potential upside for investors.
About Bloom Energy
Bloom Energy Corporation designs and manufactures solid oxide fuel cell systems that generate electricity on-site. The company's innovative technology converts various fuels into electricity through a non-combustion process. This positions Bloom Energy as a key player in the growing market for clean energy solutions.
Bottom Line
Investors will be watching closely for Bloom Energy's next earnings report on October 22, 2026, to gauge the company's ongoing performance. With Baird's recent upgrade and strong revenue growth, there is potential for further positive developments in the coming months.
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Source: Baird's rating change on $BE (Oct 15, 2026). Written by software, not financial advice. How we make alerts