Reported 5 months ago
Shares of fuel cell manufacturer Bloom Energy (NYSE: BE) surged by 10.1% due to being highlighted as a top pick in Barron's Magazine, as the company is poised to benefit from increasing energy demand resulting from AI data center buildouts. Bloom's unique fuel cell technology can provide grid-independent power sources for data centers, with recent partnerships with cloud data center operators like Intel. Despite recent revenue declines, Bloom's forecasted revenue growth and potential for positive operating income in 2024 make it a growth stock to watch, although its $3.3 billion market cap post-surge doesn't make it a cheap stock.
Source: YAHOO