After Skyrocketing Nearly 200%, Is It Too Late to Buy Bloom Energy?
Yahoo Finance ·
Artificial intelligence (AI) has turned electricity into one of the hottest commodities on the market. And Bloom Energy ( BE 6.43% ) , Wall Street's favorite fuel cell manufacturer, is right there capitalizing on the trend. Bloom Energy's fuel cell systems -- big, box-shaped power generators -- convert fuel, like natural gas, straight into electricity without relying on combustion. Rather than delivering electricity through miles of transmission lines, as traditional utilities do, Bloom's energy servers can generate power on-site -- precisely what AI data centers need most. Bloom's impressive revenue growth has shown up in its stock performance: At the time of writing (June 30), Bloom has grown about 194% since the start of the year, and over 1,100% from last year.
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