From Nasdaq: 2024-05-21 15:13:28

Shares of fuel cell manufacturer Bloom Energy (NYSE: BE) soared 10.1% today, following a mention in Barron’s Magazine as a top pick for benefiting from the AI data center buildout. The company’s unique fuel cell technology positions it to offer clean power solutions to energy-hungry AI data centers. Bloom has already secured key partnerships with major cloud data center operators and technology companies, indicating potential for growth in the sector.

Despite a recent revenue decline and operating losses, Bloom Energy forecasts increased revenue and positive operating income in the future. The company’s innovative fuel cell-based energy servers, which can run on hydrogen, biogas, or natural gas with reduced emissions, have garnered interest from AI companies seeking grid-independent power sources. While Bloom’s stock price surge may raise questions about valuation, its technology and partnerships suggest growth potential.

An investment in Bloom Energy may not have been among the top 10 stock picks identified by the Motley Fool analyst team, but the company’s alignment with trends in AI and clean energy present an opportunity for growth. The Stock Advisor service offers guidance on building a successful investment portfolio, with historical returns significantly outperforming the S&P 500. As Bloom Energy continues to innovate in the clean energy sector, investors may find potential for future returns.



Read more at Nasdaq: Why Bloom Energy Surged Today