Bloom Energy has surged 436% over the past year after blowout second-quarter results, and 24/7 Wall St. now rates the stock a hold with a price target of $251.84, implying just 2.5% upside from the current price of $245.66. The company reported revenue of $1.065 billion, up 165.5% year over year, non-GAAP EPS of $0.78 that beat consensus by 91.83%, and raised 2026 revenue guidance to $3.9 billion to $4.2 billion. A bull case of $321.44 is supported by a $20 billion backlog and Brookfield's expanded infrastructure partnership from $5 billion to $25 billion, while the bear case of $187.24 reflects an 81x forward P/E and 279x trailing P/E. Bloom trades at higher multiples than AI infrastructure peers Vertiv and GE Vernova, and a pullback below $200 could improve the risk/reward if the AI thesis remains intact.
