Citi Initiates Coverage of Bloom Energy Corporation (BE) with a Neutral Rating

Bloom Energy Corporation (NYSE:BE) is among the 15 Best Stocks to Buy and Hold for the Next 10 Years.

On February 24, 2026, Citi analyst Vikram Bagri initiated coverage of Bloom Energy Corporation (NYSE:BE) with a Neutral rating and a $162 price target. Vikram Bagri cited “strong uptake” for Bloom’s solution amid rising power demand but said the shares appear fairly valued, with the firm waiting for a more attractive entry point.

Earlier in the month, on February 10, 2026, Jefferies raised its price target to $102 from $92 and maintained an Underperform rating, noting that while a $6B backlog provides near-term visibility, limited clarity on future capacity expansions tempers expectations. On February 9, 2026, Mizuho analyst Maheep Mandloi increased the price target to $110 from $89 and kept a Neutral rating following the Q4 report, saying the firm was “impressed” with projected gross margin accretion in 2026 driven by cost reductions and higher capacity utilization. On February 8, 2026, BofA analyst Dimple Gosai lifted the price target to $71 from $39 and maintained an Underperform rating, pointing to a “clear improvement” in near-term visibility after a “clean” Q4 beat, though adding the stock appears “priced for a smooth multi-year ramp in shipments and margin normalization.”

Earlier in February, Bloom reported Q4 adjusted EPS of 45c versus 30c consensus and revenue of $777.7M compared with $645.32M consensus. Founder, Chairman, and CEO KR Sridhar said, “Bring-your-own-power has shifted from a slogan to a business necessity for AI hyperscalers and manufacturing facilities,” calling the trend secular and growing and describing Bloom’s solid-state digital power platform as superior to legacy solutions.

Bloom Energy Corporation (NYSE:BE) designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally.

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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