Bloom Energy stock price jumps again as Citi starts coverage — what’s driving BE shares now
Bloom Energy shares rose 4.6% to $167.59 in Tuesday afternoon trading, after an 8.6% gain the previous session. Citigroup initiated coverage at Neutral with a $162 price target, citing strong demand but cautioning on valuation. The stock traded near its 52-week high as investors weighed rising on-site power demand against execution risk. Bloom recently reported record 2025 revenue and a $20 billion backlog.