Here’s Why Bloom Energy (BE) Ranks Among Mid-Cap Stocks That Are On Fire Right Now

Bloom Energy Corporation (NYSE:BE) is one of the 10 Mid-Cap Stocks That Are On Fire Right Now. On April 28, BTIG increased its price target on Bloom Energy Corporation (NYSE:BE) from $165 to $295 and kept its Buy rating on the stock, pointing to the company’s Q1 2026 results and an expanded partnership with Oracle.

The company entered into a master services agreement with Oracle for up to 2.8 gigawatts of fuel cells. As part of the deal, Bloom Energy Corporation (NYSE:BE) also issued a warrant to Oracle for about 3.5 million shares. Additionally, Oracle and a neocloud partner reported plans to use 2.45 gigawatts of Bloom Energy Corporation’s (NYSE:BE) fuel cells at a new AI data center in New Mexico instead of gas turbines and diesel generators.

The initial phase of Oracle’s order of 1.2 gigawatt is expected to generate between $3.5 billion and $4.0 billion of revenue based on historical average selling prices. This represents around 50% to 55% of Wall Street’s projected product revenue for Bloom Energy Corporation (NYSE:BE) through 2027.

The company started the year with a product backlog of about $6 billion. Bloom Energy Corporation (NYSE:BE) also expects full utilization of its expanded manufacturing capacity at its Fremont plant for more than a year.

Looking ahead, Bloom Energy Corporation (NYSE:BE) plans to increase its manufacturing capacity beyond 2 gigawatts based on customer demand rather than making large expansions. BTIG believes that future growth at the Fremont facility will require capital spending of $100 million or less per gigawatt.

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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