Why Bloom Energy (BE) Stayed in Focus as AI Power Demand Lifted Interest in the Stock

Bloom Energy Corporation (NYSE:BE) is one of the best growth stocks to invest in according to billionaires.

As of March 13, 2026, Bloom Energy Corporation (NYSE:BE) had a mixed Wall Street setup, with 26 analysts assigning 11 Buy ratings, 12 Hold ratings, and 3 Sell ratings. The average 12-month price target stood at $131.87, with published targets ranging from $10 to $207.

The stock’s recent coverage came against a broader backdrop of rising interest in power suppliers tied to AI infrastructure. On March 3, 2026, Melius Research said Bloom was seeing a surge in fuel-cell demand from AI datacenters, noting a 2.5x increase in product backlog and a 1.5x increase in service backlog over the past year. Melius also argued Bloom has an advantage because fuel-cell systems can be delivered in months rather than years, which matters as large datacenter operators look for faster ways to secure power.

That theme remained in focus on March 10, 2026, when Morgan Stanley said AI infrastructure demand continued to grow despite rising concerns around the sector, and listed Bloom among stocks positioned to benefit as power remains one of the main bottlenecks in the AI buildout.

Against that backdrop, Citigroup initiated coverage on February 24, 2026, with a Neutral rating and a $162 price target. The call followed Bloom Energy’s February 5, 2026, fourth-quarter release, when the company reported revenue of $777.7 million, up 35.9% year over year, and non-GAAP diluted EPS of $0.45. For the full year 2025, revenue rose 37.3% to $2.02 billion. Bloom also guided for 2026 revenue of $3.1 billion to $3.3 billion and non-GAAP EPS of $1.33 to $1.48.

Bloom Energy Corporation (NYSE:BE) makes solid oxide fuel cell systems for on-site power generation and serves customers across data centers, utilities, and commercial and industrial markets.

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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