Clear Street Raises Bloom Energy (BE) Estimates on Data Center Growth but Maintains Hold

Bloom Energy Corporation (NYSE:BE) is one of the hottest large-cap stocks of 2025. On December 29, Clear Street raised the firm’s price target on Bloom Energy to $58 from $50 with a Hold rating on the shares. This sentiment was posted as the firm raised its 2026 revenue projections by 2% and its 2027 estimates by 9%, reaching $3.33 billion. These adjustments stem from expectations that Bloom Energy will expand its internal production capacity for data center products. Despite appreciating Bloom’s dominant market share and the reliability of its onsite power generation for manufacturing and data centers, the firm has kept a Hold rating due to current valuation levels.

Furthermore, on December 3, Daiwa initiated coverage of Bloom Energy Corporation (NYSE:BE) with a Hold rating and $98 price target.

In Q3 2025, Bloom Energy reported revenue of $519 million, which was a 57.1% increase over the same period in 2024. The company also posted a positive non-GAAP EPS of $0.15, successfully reversing a $0.01 loss from the previous year.

The company’s AI-first strategy was cemented by a $5 billion partnership with Brookfield Asset Management. This collaboration establishes Bloom Energy as the preferred on-site power provider for Brookfield’s global AI infrastructure portfolio. Under the deal, Brookfield will use its balance sheet to finance Bloom-sourced AI opportunities, with the first European project expected to be announced by the end of 2025.