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Bloom Energy manufactures solid oxide fuel systems for on-site energy.
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Bloom inked a $5 billion strategic partnership with Brookfield.
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The company’s sales have grown for four consecutive quarters.
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10 Stocks We Like More Than Bloom Energy ›
Flowering energy (NYSE: BE) is at the forefront of a potentially disruptive technology in the energy sector: solid oxide fuel cell systems, or “energy servers,” as Bloom calls them.
These fuel cells convert fuels such as natural gas and hydrogen into electricity without burning them. As such, they emit less than traditional grid generators and can provide 24/7 power for data centers, hospitals, utilities, industries and other facilities that require reliable power.
Since 2018 After Bloom went public, investors saw potential in its energy technology, particularly its ability to turn hydrogen into carbon-free electricity. However, the stock has only recently rallied and is up more than 400% this year.
The reason isn’t just that Bloom has potential; it’s that Bloom finally turning your potential into serious kinetic energy.
Bloom’s solid oxide fuel cells are quick to install, replace, and designed for 24/7 power generation. These features are essential for one of the company’s biggest opportunities: AI for data centers. As CEO KR Sridhar said recently, “Bloom is at the heart of a once-in-a-generation opportunity to redefine how energy is generated and delivered.”
This opportunity was on full display this quarter. October Bloom has signed a $5 billion strategic partnership with Brookfield to build more advanced AI factories. Brookfield wants to combine its industrial expertise with Bloom’s fuel cells to create an AI infrastructure that can power advanced models.
The company’s momentum was showing on the top line. For example, third quarter revenue reached a record 519 million. USD, which is 57% more than last year. This is the fourth consecutive quarter of record sales.
As AI computing continues to grow, more businesses will likely need the on-site power that Bloom can provide. Its margins are improving and its cash flow looks headed in the right direction. For investors already betting on the future of artificial intelligence, few energy stocks add to that vision as much as this one.
Before you buy shares of Bloom Energy, consider the following:
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