HSBC adds Bloom Energy to buy list with $350 price target
HSBC analyst Samantha Hoh initiated coverage of Bloom Energy, assigning a buy rating and a $350 price target. The recommendation follows a three‑month decline of roughly 15% in the stock and a third‑quarter revenue surge to $1.24 billion, up 138%. Hoh highlights demand from AI data centers and a profitable service model, while noting risks such as U.S. concentration and project delays.
Why it matters
HSBC’s $350 target implies about 73% upside from the recent close of $201.93, suggesting a potential rebound for investors. The analyst’s view also signals that the company’s expanding sales outlook of $4.4‑$4.6 billion for 2026 could drive further price appreciation if cash flow improves.
Key facts
- 1Bloom Energy shares fell about 15% over the past three months. tipranks.com
- 2HSBC set a price target of $350, implying roughly 73% upside from the Thursday close of $201.93. tipranks.com
- 3Bloom Energy reported third‑quarter revenue of $1.24 billion, up 138% year‑over‑year. finance.yahoo.com
- 4The company raised its 2026 sales outlook to a range of $4.4 billion‑$4.6 billion. finance.yahoo.com
- 5Bloom Energy posted negative free cash flow of about $181 million in the quarter. finance.yahoo.com
- 6Bloom’s installed capacity is nearly 3 gigawatts across more than 1,100 locations in nine countries. tipranks.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.