BTIG Lowers Bloom Energy Price Target to $250 While Keeping Buy Rating
On Oct. 23, BTIG lowered its Bloom Energy price target to $250 from $295 while retaining a Buy rating after the company’s third-quarter 2026 results. Bloom reported adjusted operating income of approximately $286 million, roughly 27% above consensus, and raised full-year adjusted operating income guidance to $960 million to $1.0 billion and EPS guidance to $3.10 to $3.40. BTIG said the expansion of manufacturing capacity could weigh on near-term margins.
Why it matters
The lower target reduces BTIG’s valuation benchmark despite its continued Buy stance. BTIG attributed its caution to near-term margin pressure from Bloom’s manufacturing expansion, while the company’s higher guidance raises the earnings baseline for investors.
Key facts
- 1BTIG reduced Bloom Energy’s price target to $250 from $295 and maintained a Buy rating. investing.com
- 2Bloom Energy reported approximately $286 million of adjusted operating income for the third quarter of 2026, roughly 27% above consensus estimates. investing.com
- 3Bloom Energy raised full-year 2026 adjusted operating income guidance to $960 million to $1.0 billion. investing.com
- 4Bloom Energy increased its earnings per share guidance to $3.10 to $3.40. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.