I'm Calling It: Bloom Energy Will Be a Very Different Stock After 2026 for 1 Reason
Years' worth of work is finally intersecting with an insatiable demand for electricity. This will put many more eyes on this company's surprisingly profitable future.
Overview
After another big run-up early this year, Bloom Energy (NYSE: BE) is stumbling again. Shares are down nearly 40% from their late-June peak, in fact, suggesting investors still don't remain fully convinced that hydrogen fuel cells will play a prominent role in the energy industry's future.
It's becoming increasingly difficult to hold onto those doubts, though, given all the deals now being made between fuel cell makers like Bloom and electricity-hungry AI data centers' owners and operators. Case(s) in point: Just a few days ago, artificial intelligence data center company ECL inked a contract to deploy 300 megawatts worth of hydrogen fuel cells made by Sweden's PowerCell.
Details
Shortly before that, heavy equipment maker Siemens agreed to co-develop distributed energy solutions specifically for data centers with FuelCell Energy, just days after FuelCell Energy made a similar deal with Fit Energy USA.
Source
Originally published at www.fool.com.