Is Bloom Energy a Buy Now?
Is Bloom still a buy after a tremendous 1,230% year-over-year growth spurt?
Overview
Bloom Energy (NYSE: BE) has, in little over a year, emerged from relative obscurity -- the kind of boring obscurity that made it seem at most a dynamic player in a niche market -- to skyrocket into a premier provider of data-center power.
Early investors who saw the spark -- the (almost) carbon-free spark -- in Bloom have been rewarded for that insight some 12 times over. Put in figures that will make anyone who isn't a longtime Bloom shareholder feel a little more piqued: $1,000 invested last year in Bloom would be worth about $13,310 today.
Details
Who would have guessed that Bloom would become the energy sector's hottest stock? Likely those with eyes on the trend that has been magic beans to Bloom's revenue: the rollout of artificial intelligence (AI), the data centers that service it, and the astronomical amounts of electricity required to make it possible.
Source
Originally published at www.fool.com.