Is It Too Late to Buy Bloom Energy? My Honest Take.
Up over 200% since last October, and over 1,400% over the last five years, Bloom Energy (NYSE: BE) has been on an absolute tear. And it’s not hard to see why. Bloom has become one of the most important energy companies to the tech industry, mainly because it has something AI companies desperately need: power, and fast.
Bloom’s solid oxide fuel cells — Bloom boxes, as they’re sometimes called — can generate electricity directly at data centers, which allows developers to sidestep the years-long wait for a connection to the grid. This “time to power” advantage has catapulted Bloom from a relatively obscure clean-energy upstart into one of Wall Street’s hottest energy stocks.
With such an enormous run behind it, however, the uncomfortable question emerges: Have Bloom’s best market days come and gone, or is there still upside ahead?
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.