Bloom Energy Is Riding the Data Center Boom to a $25 Billion Backlog. Plug Power Is Passing on It. Here's Why.
One fuel cell stock is chasing AI power demand with billions in backing. Another is staying out of the race entirely.
Overview
Two fuel cell companies face the same AI-driven power opportunity, but they're taking opposite paths. Bloom Energy (NYSE: BE) has lined up $25 billion in financing to chase the data center boom head-on. Plug Power (NASDAQ: PLUG) is largely sitting this one out.
The reason this matters is simple: Data center electricity demand is still accelerating. Artificial intelligence data centers are projected to consume 11.8% of total U.S. electricity by 2030, and power providers will have to scramble to meet that demand.
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Originally published at www.fool.com.
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