Bloom Energy (BE) Stock Forecast & Price Target

$24.79 +1.04 (+4.38%)

(As of 11/20/2024 ET)

Bloom Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 20 Analyst Ratings

Sell
1

Hold
9

Buy
10

Based on 20 Wall Street analysts who have issued ratings for Bloom Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 1 has given a sell rating, 9 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for BE.

Consensus Price Target

$17.55
-29.19% Downside

According to the 20 analysts' twelve-month price targets for Bloom Energy, the average price target is $17.55. The highest price target for BE is $28.00, while the lowest price target for BE is $7.00. The average price target represents a forecasted downside of -29.19% from the current price of $24.79.

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BE Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$17.55	$15.68	$16.08	$21.44
Forecasted Upside	-29.19% Downside	61.10% Upside	35.54% Upside	63.40% Upside
Consensus Rating	Moderate Buy	Hold	Moderate Buy	Moderate Buy

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BE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bloom Energy Stock vs. The Competition

Type	Bloom Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.50	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-29.19% Downside	1,433.23% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent BE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/20/2024	HSBC 2 of 5 stars		Downgrade	Buy ➝ Hold	$24.50	+3.18%
11/18/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$15.00 ➝ $28.00	+26.81%
11/18/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$20.00 ➝ $28.00	+32.45%
11/15/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$16.00 ➝ $20.00	+0.10%
11/15/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$12.00 ➝ $19.50	+46.84%
11/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$10.00 ➝ $20.00	+50.60%
Get the Latest News and Ratings for BE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Bloom Energy and its competitors with MarketBeat's FREE daily newsletter.
11/12/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$13.00 ➝ $16.00	+22.61%
11/11/2024	Marathon Capitl Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kania Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
11/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$18.00 ➝ $15.00	+40.85%
11/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$8.00 ➝ $7.00	-36.13%
10/16/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$13.00 ➝ $12.00	+13.42%
9/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$15.00 ➝ $11.00	-0.27%
8/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$25.00 ➝ $23.00	+96.25%
7/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$12.00 ➝ $14.00	-3.78%
5/20/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$12.00 ➝ $14.00	+10.67%
5/10/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$21.00 ➝ $20.00	+70.50%
5/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$10.00 ➝ $13.00	+10.83%
2/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$20.00 ➝ $16.00	+75.25%
2/16/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Sector Weight
2/6/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$12.50	+13.33%
11/17/2023	CL King Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$15.00	+20.77%
2/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$32.00	+37.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:54 AM ET.

BE Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Bloom Energy is $17.55, with a high forecast of $28.00 and a low forecast of $7.00.
: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bloom Energy in the last twelve months. There is currently 1 sell rating, 9 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BE shares.
: According to analysts, Bloom Energy's stock has a predicted downside of -29.19% based on their 12-month stock forecasts.
: Over the previous 90 days, Bloom Energy's stock had 2 upgrades and 2 downgrades by analysts.
: Bloom Energy has been rated by research analysts at Bank of America, BMO Capital Markets, BTIG Research, HSBC, Jefferies Financial Group, Marathon Capitl, Morgan Stanley, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Susquehanna, and Truist Financial in the past 90 days.
: Analysts like Bloom Energy less than other "oils/energy" companies. The consensus rating score for Bloom Energy is 2.50 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how BE compares to other companies.

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This page (NYSE:BE) was last updated on 11/21/2024 by MarketBeat.com Staff

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Bloom Energy (BE) Stock Forecast & Price Target