Barclays and BTIG Raise Price Targets for Bloom Energy Following Strong Q1 Results and Oracle Partnership
Barclays raised its price target on Bloom Energy (BE) to $254 from $177, while maintaining an Equalweight rating. Similarly, BTIG increased its price target to $295 from $165 with a Buy rating. Both upgrades were driven by the company's strong first-quarter performance and a new partnership with Oracle Corp., which includes up to 2.8 gigawatts of fuel cells.