Bloom Energy Stock Could Be Worth $920 After the Oracle Deal Expansion

Key Takeaways for Bloom Energy Stock as of June 2026

• Analysts rate Bloom Energy stock 9 Buy, 5 Outperform, 12 Hold, 1 Underperform, and 2 Sell across 25 covering analysts, with a mean target of $267, roughly 14% below the current price of $309.
• TIKR’s mid-case model values Bloom Energy at around $920 by December 2030, implying around 198% total return from the current price, or roughly 27% annualized over 4.5 years.
• Q1 2026 revenue of $751.1 million beat the analyst consensus of $551.6 million by 36%, the first quarter of greater than 100% year-over-year growth in Bloom’s public company history.

Bloom Energy stock trades 14% above the Street’s mean target, yet TIKR models nearly 200% more upside. See the full valuation for BE on TIKR for free →

Bloom Energy Raises 2026 Guidance to $3.8 Billion After Its First 130% Growth Quarter

Bloom Energy Corporation (BE), a fuel cell power systems provider, reported Q1 2026 revenue of $751.1 million, up 130.4% year-over-year, beating the analyst consensus of $551.6 million by 36%.

The quarter marked the first time in Bloom’s history as a public company that revenue grew by more than 100% year-over-year.

Product revenue reached $653.3 million, a 208.4% year-over-year increase driven by a surge in contracted data center deployments.

Gross margin expanded to 30% from 27.2% a year earlier as manufacturing scale benefits began flowing through the income statement.

Operating income came in at $72.2 million, compared to an operating loss in Q1 2025, a year-over-year swing of more than $91 million.

CEO KR Sridhar framed the demand shift that is driving the acceleration: “Time to power has gone from a procurement consideration to an existential necessity.”

Bloom raised its full-year 2026 revenue guidance to $3.4 billion to $3.8 billion from a prior range of $3.1 billion to $3.3 billion, lifting the growth midpoint to around 80% year-over-year.

Bloom expanded its Oracle master services agreement to cover up to 2.8 gigawatts of fuel cell capacity, with 1.2 gigawatts contracted and deployment already underway across U.S. Oracle projects.

Oracle and BorderPlex Digital Assets announced Project Jupiter, a multi-gigawatt AI data center campus in Doña Ana County, New Mexico, that will run entirely on Bloom fuel cells, replacing planned gas turbines and diesel generators with up to 2.45 gigawatts of installed capacity.

AI infrastructure company Nebius signed a deal with Bloom for 328 megawatts of fuel cell systems to power its AI compute build-out, with the first project expected to be operational in 2026.

At least six brokerages raised price targets on Bloom Energy stock following Q1 results, including J.P. Morgan, which described the guidance raise as “not a typo” and noted margin leverage as the business continues to scale.

FTSE Russell reclassified Bloom Energy from the small-cap Russell 2000 index to the Russell 200 megacap index, a shift reflecting a stock gain of more than 1,000% over the trailing year.

Oracle’s 2.8 GW deal is contracted but not yet fully deployed. Follow Bloom Energy stock quarter by quarter on TIKR for free →

Bloom Energy Stock Trades Above the Street Mean as Analysts Chase a 1000% Rally

The Street rates Bloom Energy stock with 9 Buy, 5 Outperform, 12 Hold, 1 Underperform, and 2 Sell ratings across 25 analysts, with a mean target of $267 that now sits roughly 14% below the current price of $309.

The Street’s mean target on BE stock has more than doubled from around $111 at the close of December 2025 to $267 by late June 2026, tracking a repricing wave that followed the Oracle expansion and Q1 beat.

The highest target among covering analysts reaches $380, roughly 23% above the current price, while the mean at $267 underscores how far most analysts continue to lag the pace of backlog conversion.

Wall Street Sees Bloom Energy Stock Revenue More Than Doubling Through Mid-2027

Analysts expect Bloom Energy stock revenue to continue growing at triple-digit rates, with Q2 2026 consensus pointing to around $820 million, representing a third consecutive quarter above 100% year-over-year growth.

Q3 2026 revenue estimates reach around $930 million at roughly 79% year-over-year growth, and Q4 2026 consensus climbs to around $1.2 billion at roughly 51% growth, sustained by Oracle and Nebius deployment timelines converting contracted backlog into recognized revenue.

With projected revenue sustaining above 50% year-over-year growth through mid-2027, where Q2 2027 estimates already point toward $1.3 billion at roughly 60% growth, Bloom Energy stock is undervalued at $309, priced below the inflection the contracted AI infrastructure pipeline is delivering.

Q2 2026 results, expected in late July, need to confirm at least around $820 million in revenue and provide updated Oracle and Nebius deployment timelines to test whether the hypergrowth trajectory remains intact.

TIKR Points to $920 for BE Stock: Does Contracted AI Backlog Justify the Upside?

TIKR’s mid-case model values Bloom Energy at around $920 by December 2030, implying around 198% total return from the current price of $309, or roughly 27% annualized over the next 4.5 years.

A roughly 27% annualized return at that scale sits well above the historical stock market average, and Bloom Energy stock is materially undervalued relative to the AI power infrastructure cycle the model prices through 2030.

The case for the target rests on the contracted backlog already in place: the Oracle MSA covering up to 2.8 gigawatts, the 328 megawatt Nebius deployment, and a raised guidance midpoint of around $3.6 billion for 2026 that collectively de-risk the revenue path the model requires.

The Russell 200 megacap reclassification introduces a structural buyer base through index fund rebalancing, adding institutional demand exposure that reinforces the valuation floor without altering the fundamental case embedded in the TIKR model.

TIKR’s model points to $920 for BE stock by December 2030. Build and stress-test your own scenario on TIKR for free →

Should You Invest in Bloom Energy Corporation?

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