Bloom Energy Stock Surges After RBC Reaffirms Outperform Rating
Shares of Bloom Energy (NYSE: BE) are up over 12.5% following a reaffirmed outperform rating and $335 price target from RBC Capital, suggesting more than 27% upside potential for the stock. The firm cited increased manufacturing capacity as an indicator of growing demand and potentially rising backlog at Bloom Energy. RBC's analysis is based on recent developments such as the company’s acquisition of additional floor space in Fremont to expand production capabilities. However, analysts caution that while investor enthusiasm has spiked, confirmation about actual growth will come with third-quarter 2026 financial results expected soon.
