Bloom Energy stock reaffirmed at Buy by UBS on AWS data center plans
Investing.com
Published Jul 15, 2025 10:37AM ET
Investing.com - UBS maintained its Buy rating and $29.00 price target on Bloom Energy Corp . (NYSE:BE) Tuesday, citing Amazon (NASDAQ:AMZN) Web Services' plans to deploy Bloom energy servers at a new data center facility. The stock, which has surged 78.5% over the past year according to InvestingPro data, currently trades near its 52-week high of $29.82.
According to UBS analyst commentary, Amazon Web Services is proposing to construct a facility consisting of nine data center buildings, along with supporting infrastructure including an electrical substation, water treatment facility, and other amenities.
The project documentation indicates plans to install 228 Bloom energy servers to achieve 72.9 MW of power capacity, demonstrating AWS's growing confidence in Bloom's Solid Oxide Fuel cell technology.
UBS believes this is not a new order for Bloom Energy, noting that the equipment has already been shipped to partner SK and receivables have already been recognized in Bloom's financial statements.
The firm views the development as a "modest positive" for Bloom Energy, primarily because it demonstrates increasing confidence from a major customer in the company's fuel cell technology.
In other recent news, Bloom Energy Corp. has been the focus of several analyst reports and legislative developments. JPMorgan upgraded Bloom Energy from Neutral to Overweight, raising the price target from $18.00 to $33.00. This change follows the requalification of fuel cells for 48E tax credits under new legislation, which could enhance Bloom's revenue and margins starting in fiscal year 2026. UBS has maintained its Buy rating with a price target of $29.00, highlighting the growing demand for data center power and the opportunities this presents for Bloom Energy. UBS also adjusted its estimates, forecasting second-quarter 2025 sales of $365 million, up from $326 million in the first quarter, with EBITDA expected to rise to $35 million from $25 million. RBC Capital has reiterated its Outperform rating, with a price target of $26.00, citing Bloom Energy's initiatives to reduce product costs and capitalize on electricity demand and grid constraints. The advancement of President Trump's tax-and-spending bill has also been favorable for Bloom Energy, as it reintroduces tax credits for fuel cells. These developments reflect a period of significant activity and potential growth for Bloom Energy in the alternative energy sector.
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