Bloom Energy Corp: UBS raises target price to $350 from $322

UBS Group has raised its price target for Bloom Energy Corp. (NYSE:BE) to $350 from $322, maintaining a "Buy" rating for the stock. This adjustment follows a regulatory development by the Federal Energy Regulatory Commission (FERC), which has streamlined the process for large energy users, including data centers, to connect to the national transmission system. The change is intended to address surging electricity demand driven by the expansion of AI infrastructure and is part of broader efforts by the Trump administration to enhance U.S. energy competitiveness.

Bloom Energy, a provider of solid oxide fuel cell systems for on-site power generation, has seen its stock price rise significantly in recent months. As of July 1, 2026, the stock is trading at $302.41, with a 12-month average price target of $224.36, suggesting a potential downside of approximately 25.81%. Analysts remain divided, with 24 Wall Street analysts issuing ratings over the past year, including 10 "Buy" ratings, 12 "Hold" ratings, and 1 "Sell" rating.

UBS analyst Manav Gupta cited the regulatory shift as a key factor in the updated price target, emphasizing the increased demand for Bloom Energy’s on-site power solutions. Meanwhile, other analysts have expressed caution, with some lowering their price targets due to concerns over grid infrastructure challenges and project delays. Investors are advised to monitor ongoing developments in the energy sector and regulatory landscape as they may impact the company’s growth trajectory.