Truist raises target for Bloom Energy stock to USD 240.00

Published on 10/21/2026 at 12:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Truist kept a hold rating on October 16, 2026. Bloom Energy stock costs EUR 205.75 on October 21, 2026 ahead of October 22 results.

Analyst view before earnings

Truist Financial lifted its target from USD 218.00 to USD 240.00 on October 16, 2026.
Second-quarter revenue reached USD 1.07 billion on July 28, 2026, up 165.5 percent year over year.
Bloom Energy stock trades at EUR 205.75 at 11:59 a.m. CEST at Lang & Schwarz on October 21, 2026.

BE, US0937121079, Illustration mit AI erstellt.

Bloom Energy (ISIN US0937121079) is heading into its next earnings test after Truist Financial raised its price target from USD 218.00 to USD 240.00 while retaining a hold rating on October 16, 2026, according to MarketBeat. The company is scheduled to publish third-quarter results on October 22, 2026.

Target rises before the report

The Truist move adds to a run of bullish analyst revisions, but the retained hold rating highlights the valuation debate. MarketBeat reported that Robert W. Baird raised its target from USD 310.00 to USD 351.00 and maintained an outperform rating on October 15, 2026.

The counterweight is the share valuation. The same report placed Bloom Energy at a price-to-earnings ratio of 318.40 and cited a market capitalization of USD 70.33 billion as of October 15, 2026, while the finance quote showed USD 65.6 billion on October 20, 2026.

Three dates mark the build-up

On July 28, 2026, Bloom Energy reported second-quarter revenue of USD 1.07 billion, up 165.5 percent from the prior-year quarter, and earnings per share of USD 0.78 versus USD 0.39 expected, according to MarketBeat. On October 12, 2026, Bloom Energy announced that third-quarter results would follow on October 22, 2026, after market close, in an Bloom Energy release. On October 16, 2026, Truist lifted its target to USD 240.00 from USD 218.00 while keeping hold, as reported by Investing.com.

What will October 22 reveal?

The immediate test is whether revenue momentum and profitability can support the elevated valuation. Bloom Energy's second-quarter revenue of USD 1.07 billion was 165.5 percent above the prior-year quarter, giving the upcoming report a high comparison base.

Results arrive October 22

Bloom Energy will report third-quarter 2026 results on October 22, 2026, after the market close, with management scheduled to discuss the figures at 5:00 p.m. ET. At Lang & Schwarz, Bloom Energy was trading at EUR 205.75 on October 21, 2026 at 11:59 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Bloom Energy stock.