BTIG Sees “Growing Pipeline Visibility” for Bloom Energy (BE), Lifts Price Target to $145

Core Insights - Bloom Energy Corporation (NYSE:BE) has gained attention as an AI stock, with BTIG raising its price target from $80 to $145 while maintaining a "Buy" rating following the company's Q3 2025 financial results [1][2] Financial Performance - BE reported a revenue of $519 million for Q3 2025, exceeding consensus estimates by 21%, which contributed to a 19% increase in its stock price [2] Market Demand and Projects - The company's fuel cell technology is increasingly appealing to investors due to rising demand from AI data centers [2] - BE secured a Wyoming data center project for approximately 900MW of fuel cells, with construction expected to commence in 2026 [2] - In October, BE entered a partnership with Brookfield for up to $5 billion in fuel cell capacity to support data center development [2] Growth Potential - BTIG is optimistic about BE's prospects due to recent agreements, increased pipeline visibility, and expectations that Fremont's spare manufacturing capacity will lead to higher utilization [3] - The firm anticipates that BE will capture a larger share of manufacturing capacity, with a growing number of projects set to begin amid delays in competing gas-fired generation [3] - BE continues to secure agreements for powering hyperscale data center projects, indicating strong future demand [3]