Bloom Energy stock: Truist raises target for Bloom Energy stock from USD 218.00 to USD 240.00

Published on 10/19/2026 at 15:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results follow October 22, 2026 after market close. Bloom Energy stock costs EUR 205.00 on October 19, 2026, up 1.97 percent on Nasdaq.

Analyst target and earnings date

Truist Securities lifted its Bloom Energy target from USD 218.00 to USD 240.00 on October 16, 2026.
Second-quarter revenue reached USD 1.065 billion, up 166.00 percent year over year.
Bloom Energy stock costs EUR 205.00 at Lang & Schwarz on October 19, 2026 at 3:31 p.m. CEST, up 1.97 percent on Nasdaq versus the prior close of October 16, 2026.
Bloom Energy has a USD 66.5 billion market capitalization and a P/E ratio of 300.81.

BE, US0937121079, Illustration mit AI erstellt.

Truist Securities raised its Bloom Energy target from USD 218.00 to USD 240.00 on October 16, 2026, while maintaining a Hold rating, according to Investing.com. Against the USD 225.67 Nasdaq price, the target stands 6.35 percent higher. Bloom Energy was trading at EUR 205.00 at Lang & Schwarz on October 19, 2026 at 3:31 p.m. CEST, up 1.97 percent on Nasdaq versus the prior close of October 16, 2026.

Second-quarter revenue crossed USD 1 billion

Bloom's operating picture gives the target revision a demanding financial backdrop. In the second quarter of 2026, revenue reached USD 1.065 billion, up 166.00 percent from the year-earlier quarter, while GAAP earnings per share came to USD 0.62. The figures were reported in the Yahoo Finance transcript dated July 28, 2026.

Price position after the October slide

Bloom Energy's US-listed share price stood within a USD 75.70 to USD 351.28 52-week range on October 16, 2026. The USD 225.67 price was 35.76 percent below the high, while the stock remained up 154.70 percent year to date. The contrast is sharp: a large annual gain sits beside a 21.10 percent five-session decline through October 16, 2026.

Valuation and October 22 results

The company had a USD 66.5 billion market capitalization and a trailing P/E ratio of 300.81 on October 19, 2026. Bloom Energy is scheduled to publish third-quarter 2026 results after the US market close on October 22, 2026, under its Bloom Energy release dated October 12, 2026. Management will discuss the figures during a call at 5:00 p.m. ET.

Comparison with peers

Bloom Energy (NYSE, USD): plus 1.97 percent, P/E 300.81, market capitalization USD 66.5 billion
FuelCell Energy (Nasdaq, USD): plus 0.58 percent, P/E minus 3.83, market capitalization USD 1.0 billion
Plug Power (Nasdaq, USD): plus 3.62 percent, P/E minus 1.06, market capitalization USD 2.0 billion

What the target means for valuation

Truist's target is above the latest US-listed price, but the multiple leaves little room for execution setbacks. The upcoming results therefore matter less as a calendar marker than as a test of whether rapid revenue growth is translating into durable profitability.

The euro quotation was EUR 205.00 at Lang & Schwarz on October 19, 2026 at 3:31 p.m. CEST. Nasdaq trading showed a 1.97 percent gain versus the prior close of October 16, 2026. The further course of trading is shown by the continuously updated real-time quote of Bloom Energy stock.