Jefferies raised its price target for Bloom Energy to $264 from $229 while maintaining a Hold rating. Analyst Julien Dumoulin-Smith cited a $25 billion financing arrangement tied to Brookfield, AEP’s $2.65 billion firm order and Bloom’s expectation that about 2 gigawatts of capacity will be installed by year-end. Bloom shares climbed nearly 10% Tuesday after falling the previous day as investors took profits following the stock’s broader 2026 advance. Permitting and other approval issues continue to affect the Jupiter and Vineland developments, while revenue concentration in a limited number of projects adds risk. Concerns surrounding Oracle’s Project Jupiter, including a previously reported force majeure notice, remain part of the market backdrop. Jefferies continues to view Bloom’s behind-the-meter power business positively, but project timing remains a key uncertainty.