Bloom Energy (BE) Rides AI Data Center Boom but Faces Cash Burn Risks

Bloom Energy Corporation (NYSE:BE) is one of the AI Stocks Analysts Are Watching CloselyOn August 1st, BMO Capital analyst Ameet Thakkar raised the price target on the stock to $33.00 (from $18.00) while maintaining a “Market Perform” rating.

Bloom Energy reported its second quarter 2025 financial results on July 31st, which was the third straight quarter of quarterly record revenue and profits for the company. The firm beat revenue estimates ($401.2M versus the consensus estimate of $376.24M).

“2Q results came in ahead of our estimates. Importantly, service gross margins improved further, which given large service backlog is positive as margins here have historically been weak. Order momentum within data center appears strong as evidenced by recent Oracle announcement and potential role in Crusoe/Tallgrass data center project in WY driving shares +39% since 7/23/25 announcement.”

Bloom Energy (BE) Rides AI Data Center Boom but Faces Cash Burn Risks

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“That said, 2Q and YTD cash burn again significantly negative and with BE shares trading at 37x and 22x our 2026 and 2027 EBITDA estimate, we remain Market Perform. Raising target to $33.”

Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers.

While we acknowledge the risk and potential of BE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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