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Bloom Energy (NYSE:BE) stock picked up a significant boost Tuesday as UBS analyst Manav Gupta raised his price target from $170 to $251 while maintaining a Buy rating. The catalyst: Bloom’s entire product lineup is now 800V DC ready, positioning the company squarely at the center of the next wave of AI data center infrastructure buildout.
BE shares were trading around $231 on Tuesday, already up 166% year-to-date. That momentum reflects a broader market re-rating of Bloom as a serious power infrastructure play in the AI data center buildout.
The UBS call lands at a pivotal moment. Wall Street’s broader analyst consensus target sits at just $151.88, making UBS’s $251 target a notable outlier and a strong signal that at least one major firm sees the 800 VDC thesis as a genuine structural opportunity.
| Ticker | Company | Firm | Action | Old Rating | New Rating | Old Target | New Target |
|---|---|---|---|---|---|---|---|
| BE | Bloom Energy | UBS | Price Target Increase | Buy | Buy | $170 | $251 |
The Analyst’s Case
The core of Gupta’s thesis is architectural. Traditional AC and lower-voltage DC systems are increasingly strained by the power demands of AI and high-density computing. The shift to 800 VDC promises higher efficiency and greater power delivery per rack while reducing energy loss and infrastructure complexity.
Bloom’s solid oxide fuel cell (SOFC) technology is natively suited to this transition. SOFC systems can supply 800 VDC power directly to data centers, eliminating conversion steps that waste energy and add cost. With all product shipments now 800V DC ready, Bloom isn’t chasing the trend. It’s already there.
Bloom Energy CEO KR Sridhar said on the Q4 2025 earnings call:
“Bring-your-own-power has shifted from a slogan to a business necessity for AI hyperscalers and manufacturing facilities. This shift is secular and growing. We have built a solid state digital power platform for the digital age that is superior to any legacy solution.”
Why the Move Matters Now
Bloom’s financials back the bullish case. Q4 2025 revenue came in at $777.68 million, up 36% year-over-year, while FY2026 revenue guidance of $3.1 billion to $3.3 billion implies more than 50% year-over-year growth. The company is also targeting non-GAAP EPS of $1.33 to $1.48 for the year, roughly double FY2025 levels.
The record $20 billion total backlog and an Oracle partnership covering 2.8 GW of capacity for AI data centers add tangible weight to the growth story. For more on the Oracle deal, see our recent coverage of how the AI race is becoming an infrastructure race.
What It Means for Your Portfolio
Bloom Energy stock carries real risk alongside the opportunity. The stock’s beta of 3.185 means it moves sharply in both directions, and the company still carries a GAAP net loss on a trailing basis. The company’s valuation is stretched by traditional metrics, and the broader analyst consensus remains well below the current price.
That said, the UBS price target raise to $251 signals that the 800 VDC inflection could be the kind of durable, multi-year tailwind that justifies a premium. If you believe AI data centers will keep demanding more power and that distributed onsite generation will become standard infrastructure, Bloom Energy’s positioning deserves a serious look. That volatility is worth keeping in mind when evaluating position sizing.
