Truist raises target for Bloom Energy stock to USD 240.00

Published on 10/20/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Truist lifted its target from USD 218.00 to USD 240.00. Bloom Energy stock costs EUR 197.50 on October 20, 2026 before October 22 results.

Targets and earnings date

Truist Financial lifted its Bloom Energy target from USD 218.00 to USD 240.00 on October 19, 2026.
Bloom Energy reported USD 1.07 billion in quarterly revenue, up 165.5 percent year over year.
Bloom Energy stock trades at EUR 197.50 at 10:35 a.m. CEST at Lang & Schwarz on October 20, 2026.

BE, US0937121079, Illustration mit AI erstellt.

Bloom Energy (ISIN US0937121079) was trading at EUR 197.50 at Lang & Schwarz on October 20, 2026 at 10:35 a.m. CEST. MarketBeat reported on October 19, 2026 that Truist Financial raised its price target from USD 218.00 to USD 240.00 while maintaining a Hold rating. The next earnings release is scheduled for October 22, 2026.

Target rises as results approach

The Truist decision puts the upcoming report against a sharply stronger operating backdrop. Bloom Energy generated USD 1.07 billion in quarterly revenue, up 165.5 percent from the same quarter a year earlier, while quarterly earnings per share reached USD 0.78 versus a USD 0.39 consensus estimate, according to MarketBeat on October 19, 2026. The figures refer to the quarter reported on July 28, 2026.

Three dates changed the setup

On July 28, 2026, Bloom Energy reported USD 1.07 billion in quarterly revenue and USD 0.78 in earnings per share. On October 13, 2026, Roth Capital raised its target from USD 225.00 to USD 260.00, as reported by Markets Insider. On October 19, 2026, Truist raised its target from USD 218.00 to USD 240.00, according to MarketBeat.

What does October 22 bring?

Bloom Energy is scheduled to publish its third-quarter results on October 22, 2026, after the market closes. Investing.com said on October 16, 2026 that Truist cited year-over-year demand, commercial momentum and improving profitability when it raised its target. The same report said the firm was watching manufacturing capacity beyond 2 gigawatts and the size of the data-center power market.

Bloom Energy stock stays volatile

Bloom Energy's market capitalization stood at USD 66.6 billion on October 19, 2026. Its 52-week range was USD 75.70 to USD 351.28, according to the latest market profile, leaving the stock well inside a wide trading band. The company develops solid oxide fuel-cell systems and electrolyzers for onsite power generation and hydrogen production.

Bloom Energy was trading at EUR 197.50 at Lang & Schwarz on October 20, 2026 at 10:35 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bloom Energy stock.