BofA Lifts Bloom Energy (BE) Price Target to $26 After Brookfield Deal

Core Insights - Bloom Energy Corporation (NYSE:BE) is gaining attention as a trending AI stock, with a price target raised to $26.00 from $24.00 by BofA Securities while maintaining an Underperform rating [1] - The company has formed a partnership with Brookfield, positioning itself as the preferred onsite-power provider for grid-constrained data centers, estimated at 1.8GW based on BofA's forward pricing [2][3] Company Positioning - The partnership with Brookfield, valued at up to $5 billion, reinforces Bloom's role in the AI-driven power resiliency sector, although it is currently an early-stage memorandum and not a contracted backlog [3] - Previous Brookfield data-center programs indicate a long rollout horizon, with $20 billion allocated for 1GW in France by 2030 and $10 billion for 750MW in Sweden over 10-15 years [3] Market Reaction - The stock has seen a 33% rally, adding approximately $6.6 billion in market capitalization, suggesting that investors are treating the partnership as an executable backlog [3] - The market is valuing the potential earnings stream from Brookfield at 33-66 times EBITDA, compared to Bloom's average of around 14 times over five years [3]