BE Stock Hits Record High On Oracle Partnership: JPMorgan Sees Further Upside

• JPMorgan’s new price target implied a potential 31% upside to Bloom Energy’s closing price on Monday.
• Jefferies upgraded Bloom Energy to ‘Hold’ from ‘Underperform’ and sharply lifted its price target to $187 from $97.
• Bloom Energy announced an expanded deal with Oracle to deploy up to 2.8 gigawatts of fuel cell systems for AI and cloud infrastructure across the U.S.

Bloom Energy Corp. (BE) stock hit a record high on Tuesday, led by momentum from a deepening enterprise partnership with major cloud infrastructure player Oracle Corp. (ORCL). 

On Monday, Bloom Energy revealed an expanded agreement with Oracle to deploy up to 2.8 gigawatts of its fuel cell systems to power the tech giant’s AI and cloud infrastructure across the United States.

JP Morgan Sees Upside In The Stock 

JPMorgan increased its price target on Bloom Energy to $231 from $166 while maintaining an ‘Overweight’ rating, pointing to strengthening commercial traction and improved long-term growth visibility, according to TheFly. 

The new price target implied a potential 31% upside to the stock’s closing price on Monday. The firm highlighted the company’s expanded collaboration with Oracle as a key catalyst driving the revised forecast. 

JPMorgan noted the development as a fresh endorsement of Bloom Energy’s business trajectory and execution strength. Bloom Energy stock traded over 14% higher on Monday morning. 

On Stocktwits, retail sentiment around the stock jumped to ‘extremely bullish’ from ‘bearish’ territory the previous day. Message volume shifted to ‘extremely high’ from ‘normal’ levels in 24 hours. 

Jefferies upgraded Bloom Energy stock to ‘Hold’ from ‘Underperform’ while sharply increasing its price target to $187 from $97, citing strong momentum from the Oracle deal. 

The firm also highlighted the optional upside of an additional 1.6 gigawatts over time, depending on future expansion of the partnership. Jefferies said the deal could materially lift long-term revenue assumptions, projecting potential upside of 20% and 51% to consensus estimates for 2026 and 2027, respectively. 

Separately, Clear Street analyst Tim Moore also lifted the price target to $155 from $130 while maintaining a ‘Hold’ rating. The firm expects shares to benefit in the near term following the expanded Oracle relationship. 

Clear Street also estimated that every 100 megawatts of deployments could generate roughly $200 million in revenue, prompting upward revisions to its financial outlook, including a 9% increase in 2026 revenue forecasts and an 11% bump for 2027.

BE stock has gained over 129% year-to-date. 

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