12 Best Performing Stocks in the Last 3 Months

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6. Bloom Energy Corporation (NYSE:BE)

6-Month Performance: 253.46%

Number of Hedge Fund Holders: 43

Bloom Energy Corporation (NYSE:BE) ranks among the best-performing stocks in the last 3 months. On October 31, Jefferies increased its price target on Bloom Energy Corporation (NYSE:BE) from $31 to $53 but kept an Underperform rating.

Jefferies highlighted the recent deal with Brookfield Asset Management, under which Brookfield will invest up to $5 billion to deploy Bloom Energy Corporation’s (NYSE:BE) advanced fuel cell technology. This strategic joint venture will focus on the design and delivery of AI factories, compute infrastructure, and power solutions. However, Jefferies is still cautious and wants more clarity regarding the profitability of this joint venture structure.

According to Jefferies, the fourth quarter will be important for investors. The firm expects Bloom Energy Corporation (NYSE:BE) to share its backlog, which could include sales for 2026 and 2027.

Previously, on October 29, Susquehanna also increased its price target for Bloom Energy Corporation (NYSE:BE) from $105 to $157. This decision followed the company’s strong Q3 results that beat revenue and EBITDA expectations.

Bloom Energy Corporation (NYSE:BE) designs and manufactures fuel cell systems for on-site power generation for data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors.

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