Bloom Energy Corporation (NYSE: BE), a designer, manufacturer, and installer of solid-oxide fuel cell systems for on-site power generation, has emerged as one of the top renewable energy stocks favored by billionaire investors.
UBS reaffirmed its “Buy” rating on Bloom Energy on June 1, setting a price target of $322 and signaling an upside of over 10% from current trading levels.
The stock has more than doubled over the past couple of months, driven by a series of high-profile developments that captured broad investor attention.
In April, Bloom Energy struck an expanded deal with Oracle to supply as much as 2.8 gigawatts of fuel-cell power for the software giant’s data centers, a move that significantly raised the company’s profile.
The Oracle agreement underscored the growing appetite for reliable, on-site power solutions as artificial intelligence infrastructure continues to demand vast amounts of electricity.
Bloom Energy further impressed markets when it beat Wall Street estimates across the board in its first-quarter report, topping forecasts on revenue, margins, and profits.
The stronger-than-expected performance was attributed to rising demand for digital power generation, a trend closely tied to the ongoing artificial intelligence boom sweeping the technology sector.
Riding that momentum, Bloom Energy raised its full-year 2026 guidance, now forecasting adjusted earnings of between $1.85 and $2.25 per share, up sharply from its previous range of $1.33 to $1.48.
The company also lifted its revenue target range for the year from $3.1 billion to $3.3 billion, raising it to a new range of $3.4 billion to $3.8 billion, reflecting growth of approximately 80% at the midpoint compared to the prior year.
That kind of top-line expansion is rare among energy sector peers and has drawn sustained interest from institutional and high-net-worth investors seeking exposure to the AI-driven power infrastructure build-out.
Solid-oxide fuel cell technology, which sits at the intersection of clean energy and critical power reliability, is increasingly being viewed as a viable solution for data center operators seeking alternatives to traditional grid power.
With billionaire investors reportedly positioning in the stock and analyst targets pointing to continued upside, Bloom Energy appears well-placed to remain a closely watched name in the renewable energy investment landscape throughout 2026.
