BTIG Sees "Growing Pipeline Visibility" for Bloom Energy (BE), Lifts Price Target to $145

Bloom Energy Corporation (NYSE:BE) is one of the AI Stocks in the Spotlight This Week. On October 30, BTIG raised the firm’s price target on the stock to $145 from $80 and kept a “Buy” rating on the shares. The price target raise follows BE’s third quarter 2025 financial results.

BE stock was up 19% following the earnings print where it reported a revenue for $519M, beating consensus estimates by 21%. Its fuel cell technology has become more attractive toward investors driven by the rising demand from AI data centres.

BTIG noted how BE received a Wyoming data center project in Q3 for ~900MW of fuel cells, with construction starting as early as 2026. It has also entered in a Brookfield partnership in October for “up to $5B of fuel cell capacity to support data center buildout.”

The firm is constructive on the stock in the “wake of recent agreements,” growing pipeline visibility, and expectations that “Fremont’s spare manufacturing capacity will support higher utilization.”

“We are more constructive on BE’s ability to secure a larger than expected share of manufacturing capacity in the wake of recent agreements (consensus points to <50% utilization in 2027). And with a growing number of projects looking to break ground while competing gas-fired generation faces multiyear delays, we look for BE to begin converting this capacity into firm backlog in the near-term. Bottom line: BE continues to sign agreements powering hyperscale data center projects. We increase our PT on growing pipeline visibility and expectations that Fremont’s spare manufacturing capacity will support higher utilization.”

Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers.

While we acknowledge the potential of BE  as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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