Here’s Why Jefferies Has a Sell Rating on Bloom Energy (BE)

​Bloom Energy Corporation (NYSE:BE) is one of the Hot Growth Stocks to Invest in Right Now. On March 27, Jefferies lowered the firm’s price target on Bloom Energy Corporation (NYSE:BE) from $102 to $97, while maintaining an Underperform rating on the shares.

​The firm expects the company to show steady progress towards its fiscal 2026 guidance. However, Jefferies does not see new catalysts for the company that could drive growth. Moreover, the elevated market expectations that persist create a uniquely risky downside for the company if the expectations are not met.

Separately, on March 26, Oppenheimer reiterated a Hold rating on the stock without disclosing any price targets. The rating came after the company announced the appointment of Simon Edwards as the new chief financial officer. Edwards is currently the CEO of Groq and will join the company effective April 1, 2026. This marks an important step as the position of CFO has been vacant for nearly a year.

​Bloom Energy Corporation (NYSE:BE) specializes in manufacturing solid oxide fuel cell systems for stationary power generation, primarily through its Bloom Energy Server, which converts fuels like natural gas, biogas, or hydrogen into electricity without combustion.

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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