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Earnings Score 42 Bullish

Bloom Energy Shares Surge on Strong Q1 Growth Expectations

Apr 09, 2026 19:41 UTC
BE
Short term

Bloom Energy (BE) saw a 7.5% price increase following a price target update from Susquehanna. Investors are focusing on projected revenue growth and earnings expansion ahead of the company's April 30 report.

  • Stock price jumped 7.5% to $158
  • Susquehanna price target adjusted to $173
  • Q1 revenue forecast of $535.2 million (up 64% YoY)
  • Q1 EPS expected at $0.13, a 4x increase YoY
  • GAAP P/E ratio estimated at 165
  • Earnings report scheduled for April 30

Bloom Energy (NYSE: BE) shares climbed 7.5% on Thursday, trading near $158, despite a downward adjustment to its price target by Susquehanna. The investment bank lowered its target to $173 per share but maintained a "positive" rating, suggesting a remaining upside of approximately $15 per share. The market movement comes as investors anticipate the company's first-quarter earnings report, scheduled for release on April 30. The rally suggests that bullish sentiment regarding the company's growth trajectory is currently outweighing the slight reduction in analyst price targets. Consensus estimates indicate a strong quarter ahead, with revenue projected at $535.2 million, representing a 64% increase year-over-year. Earnings are expected to reach $0.13 per share, more than quadrupling the result from the same period last year. For the full year 2026, analysts forecast non-GAAP profits of $1.39 per share, an 83% increase over the previous year. Despite the growth, valuation remains a point of contention. Based on GAAP earnings of $0.96 per share, the stock trades at a price-to-earnings ratio of 165. With free cash flow expected to remain negative, some analysts warn that the current valuation may be extreme relative to fundamental performance.

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