Bloom Energy Corporation (NYSE:BE) is one of the top stock giants that were suddenly on fire in April. Mizuho lifted the price target on Bloom Energy Corporation (NYSE:BE) to $285 from $110 on May 1, reaffirming a Neutral rating on the shares. The company also received a rating update from RBC Capital on April 29, with the firm lifting the price target on the stock to $335 from $143 and maintaining an Outperform rating on the shares. The rating update came after the company’s fiscal Q1 earnings beat, with the firm telling investors in a research note that Bloom Energy Corporation not only reported strong results but also raised its outlook and announced plans to continue scaling manufacturing capacity. RBC added that it is raising its 2026 EPS view to $2.45 from $1.76, as the outlook for the company is accelerating.
In its fiscal Q1 2026 results released on April 28, Bloom Energy Corporation reported revenue of $751.1 million for the quarter, up 130.4% compared to $326.0 million in the prior year period. Product revenue for fiscal Q1 2026 was $653.3 million, up 208.4% compared to $211.9 million in fiscal Q1 2025.
Bloom Energy Corporation is involved in the manufacture and installation of a solid oxide fuel-cell-based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity via an electrochemical process without combustion.
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