Mizuho Raises Bloom Energy (BE) Price Target on Manufacturing Capacity Expansion

By Abdul Rahman | August 20, 2025, 12:33 AM

Bloom Energy Corporation (NYSE:BE) is one of the best Russell 2000 stocks to buy now. On August 4, Mizuho raised its price target for Bloom to $48 from $31 and maintained its “Outperform” rating on the stock. Mizuho cited accelerated expansion of Bloom’s manufacturing capacity to meet rapidly growing demand for data center power as the core reason for the price target increase.

Mizuho Raises Bloom Energy (BE) Price Target on Manufacturing Capacity Expansion
Sergey Nivens/shutterstock.com

Mizuho estimated that Bloom will reach two gigawatts (GW) of fuel cell manufacturing capacity by the end of 2026, a three-year advancement from earlier projections that anticipated this milestone in 2029, compared to the current capacity of one GW. The firm also revised its forecast for Bloom’s megawatts sold, projecting a “35% compound annual growth rate (CAGR) from 2025 to 2030,” up from its previous estimate of 20% and higher than the historical 23% CAGR achieved between 2021 and 2025.

Bloom Energy Corporation (NYSE:BE) is a clean energy technology company. It designs and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process, eliminating the need for combustion. The company’s core product, the Bloom Energy Server, provides reliable, distributed power using fuels such as natural gas, biogas, or hydrogen.

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READ NEXT: 10 Best Energy Stocks to Buy For the Long Term and Top 10 Industrial Stocks to Buy Amid Easing Tariff Uncertainties.

Disclosure: None. This article is originally published at Insider Monkey.

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