Bloom Energy stock gained 4.17 percent on October 2 amid target hike

Published on 10/05/2026 at 14:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bloom Energy stock closed at USD 289.15 on October 2 after Barclays raised its target to USD 308. Q2 revenue reached USD 1.065 billion, up 166 percent year over year.

BE, US0937121079, Illustration mit AI erstellt.

Bloom Energy stock (ISIN US0937121079) closed at USD 289.15 on the New York Stock Exchange on October 2, 2026, gaining 4.17 percent on the session. Barclays then raised its price target to USD 308 from USD 276 while keeping an Equal-Weight rating, according to Investing.com on October 1, 2026.

Barclays sees capacity expansion

The Barclays view centers on Bloom Energy's newly acquired Fremont manufacturing facility and a potential expansion of production capacity. The analyst cited a path toward 10-12 gigawatts from an existing 5-6 gigawatts, while also pointing to a utility filing that could broaden demand beyond behind-the-meter projects, according to Investing.com.

The risk is valuation against execution. Bloom Energy's October 2 close stood above the average analyst target of USD 282.82, although the published consensus remained Buy from 29 analysts, with targets ranging from USD 97 to USD 390, according to Investing.com.

Revenue crossed USD 1 billion

Bloom Energy's second-quarter 2026 revenue reached USD 1.065 billion, up 166 percent year over year and 42 percent sequentially. Product revenue rose 215 percent to USD 935 million, while gross margin reached 34.3 percent, according to the company's Q2 earnings call carried by Yahoo Finance.

Management raised full-year 2026 revenue guidance to USD 3.9 billion-USD 4.2 billion and lifted non-GAAP operating income guidance to USD 800 million-USD 900 million. The midpoint of the revenue range implies 100 percent growth over 2025 revenue of just over USD 2 billion, according to Yahoo Finance.

Stock remains below its yearly high

BE's October 2 close was 17.7 percent below its 52-week high of USD 351.28 and above its 52-week low of USD 75.70. Trading volume was 12,841,695 shares, while market capitalization stood at USD 85.2 billion on October 2, 2026.

Bloom Energy's next earnings report is scheduled for October 29, 2026, according to Investing.com.