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Finance

Why Bloom Energy Stock Popped Today

Last updated: July 9, 2025 12:59 pm
Oliver James
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4 Min Read
Why Bloom Energy Stock Popped Today
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Key Points

  • J.P. Morgan upgraded Bloom stock to overweight this morning, nearly doubling its price target on the hydrogen fuel cell stock.

  • Bloom Energy may benefit from 48E tax credits.

  • Bloom stock costs more than 1,000 times earnings today, which is very, very expensive.

  • 10 stocks we like better than Bloom Energy ›

Bloom Energy (NYSE: BE), the original hydrogen fuel cell stock, is soaring in mid-morning trading Wednesday after J.P. Morgan upgraded the stock to overweight with a $33 price target.

Contents
Key PointsWhat J.P. Morgan likes about Bloom EnergyIs Bloom Energy stock a buy?Should you invest $1,000 in Bloom Energy right now?

If J.P.’s right about that price, it means Bloom stock could gain another 18% over the next 12 months — on top of the 15.5% the stock is already up today through 10:55 a.m. ET.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »

Image source: Getty Images.

What J.P. Morgan likes about Bloom Energy

J.P. cites Congress’s decision to maintain 48E tax credits in President Trump’s recently signed “One Big Beautiful Bill” (OBBB) as key to its optimism about Bloom stock. The tax credits should add profit margin to Bloom at the same time as they encourage fuel cell system deployments, boosting Bloom’s revenue.

According to The Fly, J.P. is expecting these benefits to begin appearing in Bloom’s financial results in fiscal (which is also calendar) year 2026. However, the analyst also anticipates that Bloom might begin guiding investors to expect these improved results this year. And that means we might start seeing better guidance as early as July 31, when Bloom is expected to report its Q2 earnings.

Is Bloom Energy stock a buy?

Let’s hope the analyst is right about that, because as things stand today, Bloom Energy stock does look a bit pricey. Although the company turned profitable in Q4 last year, generally accepted accounting principles (GAAP) profits are still minimal, and the stock is trading for a P/E ratio well past 1,000.

Bloom did generate positive free cash flow last year, but FCF is still only about $77 million over the last 12 months, giving the stock a price-to-free cash flow ratio of 73 — quite high even if profits grow at 25% annually, as most analysts predict.

Tax credits or no tax credits, Bloom stock is still too expensive to buy.

Should you invest $1,000 in Bloom Energy right now?

Before you buy stock in Bloom Energy, consider this:

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Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $687,764!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $980,723!*

Now, it’s worth noting Stock Advisor’s total average return is 1,048% — a market-crushing outperformance compared to 179% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of July 7, 2025

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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