Prediction: This Energy Stock Will Make You a Lot Richer by 2029
Bloom Energy surprised analysts with strong first-quarter revenue growth. That's just the start.
Overview
Shares of Bloom Energy (NYSE: BE) are up more than 250% so far this year. That quick rise may make some investors cautious, but there are plenty of solid reasons for the stock's ascendance. The company is at the nexus of renewable energy and artificial intelligence (AI), as its fuel cell energy solutions are increasingly used by hyperscalers to address bottlenecks in powering new data centers.
Are there risks to the stock? Most definitely. It trades at more than 140 times forward earnings, as investors have largely priced in its backlog. Even so, here are three reasons why Bloom Energy is worth buying -- and why the stock should continue to generously reward investors.
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Originally published at www.fool.com.