NEW YORK, December 31, 2025, 3:06 PM ET — Regular session
Bloom Energy (BE.N) shares fell about 1% on Wednesday after Clear Street raised its price target — an analyst’s estimate of where a stock could trade over the next 12 months — to $58 from $50 but reiterated a Hold rating, a neutral call. The stock was down 0.99% at $86.40 in afternoon trade, after ranging between $84.26 and $88.81 on volume of about 3.7 million shares. The broker raised its 2027 revenue estimate by 9% to $3.33 billion on expectations Bloom adds internal production capacity for data-center products, while citing valuation as the reason to stay on the sidelines, TheFly reported.
The call lands at a sensitive moment for the stock. Investors have treated Bloom as a bellwether for fast-to-deploy, on-site power as data centers hunt for capacity and reliability, but opinions diverge on how much upside is left after the 2025 run.
That split shows up in the math. Even after the increase, Clear Street’s $58 target sits about 33% below where the shares traded on Wednesday afternoon, a sign that some analysts see valuation ahead of near-term fundamentals.
The update came in a Dec. 29 note from Clear Street analyst Tim Moore, who lifted the target to $58 while reiterating Hold, GuruFocus reported.
The broader tape did not help risk appetite: the S&P 500, Nasdaq and Dow were all modestly lower in late trade, according to LSEG data on Reuters. Bloom makes solid-oxide fuel cell systems for on-site electricity and also sells electrolyzers, equipment that uses electricity to split water into hydrogen; the company has deployed about 1.4 gigawatts of Energy Server systems across more than 1,000 locations in nine countries, LSEG data showed.
Bloom drew fresh attention to the data-center theme in October, when Brookfield Asset Management said it would invest up to $5 billion in Bloom’s fuel-cell technology to power data centers, Reuters reported.
Fuel-cell names traded unevenly on Wednesday. FuelCell Energy slid more than 9%, Ballard Power Systems edged lower, while Plug Power was slightly higher.
For investors, the near-term debate centers on execution rather than the concept. They are watching for evidence that data-center interest is translating into contracted backlog and deliveries, and for signs that production expansion can scale without eroding margins.
The stock’s gap versus the latest target also keeps a spotlight on sentiment. When price and targets diverge widely, small changes in assumptions — factory timing, pricing, or customer conversion rates — can drive outsized swings.
Year-end positioning can amplify those moves. With liquidity typically thinner around the final sessions of the calendar year, traders often focus on intraday levels and follow-through into the first week of January as a gauge of conviction.
What comes next is straightforward: more data-center customer disclosures, clearer visibility on internal capacity additions, and the next set of quarterly results for updated guidance on revenue, margins and cash flow.
