Bloom Energy(US:BE) 智通财经网·2025-11-03 07:11Group 1 - Jefferies raised the target price for Bloom Energy from $31 to $53 while maintaining a "underperform" rating, primarily due to a strategic partnership with Brookfield Asset Management [1] - Bloom Energy announced a $5 billion strategic partnership with Brookfield Asset Management to become the preferred onsite power supplier for Brookfield's global AI factories, with plans to design and deliver AI factories globally [1] - The partnership is positioned as the first investment in Brookfield's dedicated AI infrastructure strategy, focusing on large AI factories, power solutions, and strategic capital partnerships [1] Group 2 - Jefferies remains cautious despite the target price increase, emphasizing the need for clarity on the joint venture's profitability and its impact on Bloom Energy's cash flow [2] - The fourth quarter is highlighted as a critical observation point for investors, as Bloom Energy is expected to disclose its order backlog, ideally including significant sales for 2026 and 2027 [2] - Bloom Energy has seen a cumulative stock increase of over 495% this year, transitioning from a volatile clean energy stock to a key player in the AI sector, with its fuel cells viewed as a solution for the rising power demands of AI [2] Group 3 - Bloom Energy reported a 57% year-over-year revenue increase to $519 million in Q3, exceeding market expectations of $428 million [3] - Adjusted earnings per share were $0.15, surpassing the expected $0.10, and adjusted EBITDA was $59.05 million, also above the anticipated $46.02 million [3] - The company plans to expand its production capacity to achieve an annual output of 2 gigawatts of fuel cells by the end of 2026, aiming to quadruple its annual revenue compared to 2025 levels [3]