5 Best Undervalued Energy Stocks To Buy According to Analysts

3. Bloom Energy Corporation (NYSE:BE)

Average analyst price target as of Oct 23: $22.10

Average analyst price target upside: 96.44%

Bloom Energy Corporation (NYSE:BE) focuses on manufacturing and installing solid-oxide fuel cells for on-site power generation. The company’s fuel cells convert hydrogen-containing fuels to electricity. Bloom Energy Corporation (NYSE:BE)’s technology is fairly new but is expected to grow quite significantly as the solid oxide fuels cell market size is expected to grow at a CAGR of 41.5% between 2023 and 2030, according to Grand View Research.

In the second quarter, 29 out of 910 elite hedge funds tracked by Insider Monkey were bullish on Bloom Energy Corporation (NYSE:BE)’s stock. Philippe Laffont’s Coatue Management initiated a position in the company with 4.097 million shares worth $66.99 million to become the most prominent hedge fund holder of the company.

Bloom Energy Corporation (NYSE:BE) is one of the best-undervalued energy stocks according to analysts as 6 out of 11 Wall Street analysts maintained a Buy rating on the company stock. Their average price target of $22.10 shows 96.44% upside to its stock price as of October 23 market close.