Bloom Energy Stock Is 31% Below Its Record. Here's Where I Think It Will Be in 2030.

Bloom Energy's stock has experienced significant fluctuations since its record high, currently trading 31% below its peak. Despite a recent dip of 9% on October 14, the shares have seen a 1,000% increase over the past five years. My projection for Bloom's stock price in 2030 is around $230, which is near its current trading level.

I believe the company has the potential to grow further in the next four years, but I'm skeptical about how today's valuation can accommodate such growth. Bloom reported a 37% revenue increase in 2025, reaching $2.02 billion, and this growth accelerated in the second quarter, with revenue up 166% year-over-year to $1.07 billion.

Management anticipates $3.9 billion to $4.2 billion in revenue for 2026, roughly double the previous year's total. I anticipate Bloom's revenue reaching about $12 billion in 2030, representing a tripling of this year's guidance. This would require a growth rate of approximately 31% per year after 2026, which is under a third of this year's pace.