US Markets
Home›US Markets›Sectors›Bloom Energy shares jump after JPMorgan lifts price ta…
Bloom Energy shares jump after JPMorgan lifts price target ahead of Q2
JPMorgan raised its BE target by 29.6% to $346 and pointed to Bloom’s path toward 4.1 gigawatts of fuel-cell capacity by fiscal 2030.
Bloom Energy shares rose 14.82% to close at $226.26 on July 21, after JPMorgan upgraded its outlook ahead of the company’s upcoming second-quarter earnings.
In a note carried by Yahoo Finance, JPMorgan increased its price target for Bloom Energy Corp. (NYSE:BE) by 29.6%, to $346 from $267, while keeping an overweight rating. The bank said Bloom is well positioned to deliver 4.1 gigawatts of fuel capacity in fiscal 2030, supported by demand from companies seeking immediate off-grid power for data centers, and it added that connectivity-delay headlines could help behind-the-meter providers.
Yahoo Finance also reports that Bloom is scheduled to release its financial and operating highlights after market close on July 28, 2026, followed by a conference call to discuss the results. Investors are expected to watch for updated full-year guidance, after Bloom last month expanded its power financing partnership with Brookfield fivefold to $25 billion from $5 billion.
The story further notes that Bloom’s power financing partnership is aimed at serving hyperscalers and AI infrastructure developers, and that hedge fund participation has increased. Data cited from Insider Monkey shows 91 hedge funds held positions as of the first quarter, up from 88, with combined holdings rising to $4.48 billion from $3.17 billion.