Up Almost 300% In 2025, Is Bloom Energy Stock Still a Good Buy?

Key Takeaways:

• The New AI Infrastructure: Bloom Energy is evolving from a clean-energy player into the global standard for on-site AI power, partnering with giants like Brookfield and Oracle.
• Price Projection: Based on current momentum and a transition to profitable growth, Bloom Energy stock could hit $190 by December 2027.
• Potential Gains: This target implies a total return of 115% from the current price of $88.41.
• Annual Return: Investors could see roughly 47% growth per year over the next 24 months.

Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>>

Bloom Energy (BE) has spent 24 years preparing for this exact moment. What started as a vision for clean, on-site fuel cells has become a vital solution for the “AI power crisis.” As data centers outpace the electrical grid, Bloom provides the “Always-On” power they need.

In the third quarter of 2025, the company reported $519 million in revenue—a massive 57% increase from the previous year. This marked the company’s fourth consecutive quarter of record-breaking revenue.

Despite these substantial operational numbers, the energy sector remains volatile. However, Bloom’s move toward consistent profitability and its massive partnership with Brookfield suggest the market is only just beginning to realize Bloom’s role as the “Standard” for AI infrastructure.

Valued at a market cap of $21 billion, BE stock has returned almost 300% in 2025. Here’s why the clean energy giant remains a top investment right now.

See analysts’ full growth forecasts and estimates for Bloom Energy stock (It’s free) >>>

What the Model Says for Bloom Energy Stock

We analyzed Bloom Energy’s future through its “Time-to-Power” advantage. While utilities often take years to connect a data center to the grid, Bloom can do it in weeks.

Using a forecast of 42% annual revenue growth and 10% operating margins, our model projects the stock will rise to $190 over the next two years. This assumes a 70x Price-to-Earnings (P/E) multiple.

While 70x might look high for a traditional industrial company, it reflects Bloom’s unique position. The company isn’t just selling hardware; it is selling the ability to turn on an AI factory years faster than the competition.

Currently, its forward P/E is even higher (102.8x), making our 70x exit target relatively conservative as the business scales.

Our Valuation Assumptions

Estimate a company’s fair value instantly (Free with TIKR) >>>

Our Valuation Assumptions

TIKR’s Valuation Model lets you plug in your own assumptions for a company’s revenue growth, operating margins, and P/E multiple, and calculates the stock’s expected returns.

Here’s what we used for Bloom Energy stock:

1. Revenue Growth: 42%

Bloom is shifting from small installations to “Giga AI factories.” They use a “Lighthouse” strategy: winning one major leader in a sector to trigger a chain reaction of orders.

• The Brookfield Effect: Brookfield, the world’s largest AI infrastructure investor, named Bloom its preferred provider. They plan to use Bloom for a $1 trillion portfolio of data centers and factories.
• Speed is Everything: Bloom promised Oracle a power solution in 90 days but delivered it in just 55 days. In the AI race, speed is more valuable than the cost of the power itself.
• DC Power Edge: Modern AI chips (like NVIDIA’s) run on DC power. Bloom’s systems are natively DC, making them more efficient than traditional turbines that require extra equipment to convert power.

2. Operating margins: 10%

Bloom has successfully moved from burning cash to generating positive operating cash flow ($20 million in Q3).

• Cost Reductions: For over a decade, Bloom has reduced product costs by double-digit percentages every year.
• Service Profitability: Its service business has now been profitable for seven straight quarters, proving that maintaining these systems is a sustainable revenue stream.
• Manufacturing Scale: The company is doubling its capacity to 2 gigawatts by 2026. This allows them to spread fixed costs over a much larger number of units.

3. Exit P/E Multiple: 70x

The market currently values the stock at over 100x earnings. We chose 70x for our 2027 exit to account for the business maturing.

• Standard Setting: As Bloom becomes the “standard” for AI power, its stock should trade at a premium, similar to high-growth semiconductor or infrastructure companies.
• Energy Security: Government policies are shifting to remove barriers for on-site power, treating AI factories as a national priority. This creates a stable, long-term regulatory environment for Bloom.

Build your own Valuation Model to value any stock (It’s free!) >>>

What Happens If Things Go Better or Worse?

Energy infrastructure can be volatile. Here is how BE stock might look in different scenarios through 2027:

• Low Case: If revenue growth slows to 32.9% due to supply chain bottlenecks, the stock still offers a 26% annual return.
• Mid Case: With 36.5% growth and steady margin expansion, we expect a 41% annual return.
• High Case: If the Brookfield partnership accelerates and AI demand peaks, returns could reach 56% annually.

See what analysts think about Bloom Energy stock right now (Free with TIKR) >>>

Bloom Energy has moved past the phase of “proving the tech.” It is now about scaling to meet an unprecedented power shortage. With a massive backlog and a clear lead in AI-ready power, the path to $190 is well-defined.

How Much Upside Does Bloom Energy Stock Have From Here?

With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.

All it takes is three simple inputs:

1. Revenue Growth
2.  Operating Margins
3.  Exit P/E Multiple

If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.

From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.

See a stock’s true value in under 60 seconds (Free with TIKR) >>>

Looking for New Opportunities?

• See what stocks billionaire investors are buying so you can follow the smart money.
• Analyze stocks in as little as 5 minutes with TIKR’s all-in-one, easy-to-use platform.
• The more rocks you overturn… the more opportunities you’ll uncover. Search 100K+ global stocks, global top investor holdings, and more with TIKR.

Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!