--- title: "Bloom Energy fell 6.3% on a report Oracle is trucking gas and still trades above the street's $258 target" description: "One report that Oracle may run data centers on plain natural gas took 6.3% off Bloom Energy the same morning UBS raised its target to $350, leaving the stock at $272.90, above the street's own average target of $258.32, with a doubled guidance on the line October 27." publisher: "The Inference" section: "Power" published: 2026-10-09T17:20:27.834Z modified: 2026-10-09T17:20:27.834Z canonical: https://theinference.org/article/bloom-energy-fell-6-3-on-a-report-oracle-is-trucking-gas-and-still-trades-above-the-street-s-258-target language: en keywords: "Bloom Energy, Oracle, Data Centers, Fuel Cells, Analyst Targets" --- # Bloom Energy fell 6.3% on a report Oracle is trucking gas and still trades above the street's $258 target > One report that Oracle may run data centers on plain natural gas took 6.3% off Bloom Energy the same morning UBS raised its target to $350, leaving the stock at $272.90, above the street's own average target of $258.32, with a doubled guidance on the line October 27. The most expensive AI-power story in the market cracked on Thursday, and the crack came from its own customer list. [A Bloomberg report](https://finance.yahoo.com/news/oracle-uses-natural-gas-trucks-172735405.html) said [Oracle](https://theinference.org/markets/companies/oracle) is trucking natural gas to data centers to keep construction on schedule while pipelines lag, and considered the same workaround for Project Jupiter in New Mexico [6]. [Bloom Energy](https://theinference.org/markets/companies/bloom-energy) fell 6.3% to $272.90 from a $291.29 close, touching $264.50, the same morning UBS raised its price target to $350 [1]. FuelCell Energy and Plug Power fell with it, but Bloom is the name priced for the whole grid-strain thesis [1]. ## The street's average is below the price Wall Street rates Bloom a Moderate Buy, and that is the polite part. [The consensus price target is $258.32](https://www.marketbeat.com/instant-alerts/price-bloom-energy-nyse-be-stock-falls-63-heres-what-happened-2026-10-08/), about 5% below where the shares closed [1]. The target ladder splits against the price: UBS at $350 and RBC at $335 sit above the close, while Barclays at $308 and Bernstein at $282 sit below it, and the street's own average, $258.32, sits below all of them [1][2][5]. Buyers at $272.90 are paying more than consensus underwrites. The stock has returned 234.9% in twelve months against 17.1% for the S&P 500 and trades at 364 times earnings [4][1]. *Chart: **UBS and RBC sit above the close; consensus sits below it** Column chart of five analyst price targets for Bloom Energy with a reference line at the October 8 close of $272.90; UBS and RBC sit above it, the rest below.* *Analyst price targets in US dollars as published in October 2026, all analyst estimates, against the reference line of the October 8 close of $272.90. Sources: MarketBeat, Khel Ja/Investing.com, ad-hoc-news. [1][2][5]* ## The demand case is real, and so are the holes The quarter is not in question: Q2 revenue of $1.07 billion beat the $826 million estimate by 30% and grew 165.5% year over year, and [full-year guidance of $3.9 to $4.2 billion](https://finance.yahoo.com/markets/stocks/articles/did-bloom-energy-stock-investors-152327782.html) is about double 2025's just over $2 billion [1][4]. The path has one wobble: Q4 2025 revenue of $0.778 billion slipped to $0.751 billion in Q1 2026, a dip consistent with delivery and backlog timing inside a doubling year, not a break in it [8]. Bernstein's two open questions are whether demand extends beyond behind-the-meter data-center power and whether Bloom can build the capacity; management's own answer on Oracle is a shrug, with CEO K.R. Sridhar saying fuel cells earmarked for Project Jupiter can be redirected to another site if the project slips [2][5]. Trucked gas may complement fuel cells or displace them; the record does not say which. ![A row of Bloom Energy fuel cell servers under blue lighting at the company's 2010 launch event](https://storage.googleapis.com/theinference-public/img/d5f80174884a7d6e.jpg) *Bloom Energy's fuel cell servers, shown at the product's 2010 launch. Trucked gas may complement them or displace them; the record does not say which. (Bloom Energy)* *Chart: **Q2 2026 revenue of $1.07B is more than the full first half of 2025** Column chart of Bloom Energy quarterly revenue from Q1 2024 through Q2 2026 in billions of dollars, showing a dip from Q4 2025 to Q1 2026 before the Q2 2026 peak.* *Bloom Energy quarterly revenue in USD billions, from SEC filings, quarterly figures retrieved October 9, 2026. The Q4 '25 to Q1 '26 dip is a wobble inside the doubling, not a break. [8]* ## The receipts buyers are not reading Insiders sold 89,698 shares worth $21.78 million over three months, including Chief Commercial Officer Aman Joshi's $2.34 million sale on October 1 [1]. [A securities class action](https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-september-28-2026-in-bloom-energy-corporation-lawsuit---be-302888714.html) covering buyers from February 27, 2025, through July 8, 2026, alleges Bloom assured investors it had "no China supply chain" while obtaining cell-critical scandium through intermediaries that sourced it from China; the shares fell 5.7% when the claim surfaced on July 8 [4][7]. [Third-quarter results land on October 27](https://www.ad-hoc-news.de/boerse/news/unternehmensnachrichten/bloom-energy-leases-fremont-site-as-analysts-split-on-the-fuel-cell-story/70254858) [5]. Revenue at or above the $3.9 billion floor keeps the re-rating alive; below it, Thursday was not noise. Investors at $272.90 own a customer list, a doubled guidance and a legal overhang. Consensus owns a lower number. One of them is right, and on October 27 the $3.9 billion floor starts settling which. ## Takeaway At $272.90 Bloom trades above its own $258.32 consensus; insiders sold, a class action is open, and October 27's $3.9 billion guidance floor starts settling who is right. ## Sources 1. [MarketBeat, Bloom Energy (NYSE:BE) Stock Falls 6.3% - Here's What Happened, 8 October 2026](https://www.marketbeat.com/instant-alerts/price-bloom-energy-nyse-be-stock-falls-63-heres-what-happened-2026-10-08/) 2. [Khel Ja, BE Stock Falls Premarket: Bernstein Says Bloom Energy Is Already Positioned For Broader Power Buildout, 9 October 2026](https://khelja.in/be-stock-falls-premarket-bernstein-says-bloom-energy-is-already-positioned-for-broader-power-buildout.htm) 4. [Yahoo Finance/Trefis, What Did Bloom Energy Stock Investors Miss Before The Run?, 8 October 2026](https://finance.yahoo.com/markets/stocks/articles/did-bloom-energy-stock-investors-152327782.html) 5. [ad-hoc-news, Bloom Energy Leases Fremont Site as Analysts Split on the Fuel-Cell Story, 9 October 2026](https://www.ad-hoc-news.de/boerse/news/unternehmensnachrichten/bloom-energy-leases-fremont-site-as-analysts-split-on-the-fuel-cell-story/70254858) 6. [Yahoo Finance, Oracle uses natural gas trucks to power data centers - report (citing Bloomberg), 8 October 2026](https://finance.yahoo.com/news/oracle-uses-natural-gas-trucks-172735405.html) 7. [PR Newswire/SueWallSt, Bloom Energy class action notice, lead plaintiff deadline 28 September 2026, 24 September 2026](https://www.prnewswire.com/news-releases/suewallst-reminds-shareholders-of-a-lead-plaintiff-deadline-of-september-28-2026-in-bloom-energy-corporation-lawsuit---be-302888714.html) 8. [Bloom Energy, quarterly figures from SEC filings, retrieved 9 October 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001664703) --- Bloom Energy fell 6.3% on a report Oracle is trucking gas and still trades above the street's $258 target — The Inference. Canonical: https://theinference.org/article/bloom-energy-fell-6-3-on-a-report-oracle-is-trucking-gas-and-still-trades-above-the-street-s-258-target