All articles tagged with #bloom energy
Green investors are experiencing significant gains in clean-tech stocks despite political challenges, driven by global demand for low-carbon energy, AI data center needs, and China's green initiatives, though some caution remains due to potential bubbles and sustainability concerns.
Bloom Energy's stock has surged 1,000% in a year due to its fuel cells providing a quick, clean power solution for the booming data center industry, especially in the AI era, with significant deals and a focus on scalable, on-site power generation using cost-effective solid oxide fuel cells.
Momentum stocks like Bloom Energy, Rocket Lab, and Oklo reached record highs amid a rally driven by retail traders and positive analyst sentiment, while other major companies like Hewlett Packard and Salesforce faced mixed earnings reports and outlooks, reflecting ongoing industry shifts and growth prospects.
Bloom Energy's stock surged after announcing a $5 billion investment from Brookfield to deploy fuel cells at AI data centers, following a partnership with Oracle to supply fuel cell technology for Oracle's AI infrastructure, signaling a significant growth in AI-related energy solutions.
Brookfield Asset Management plans to invest up to $5 billion in Bloom Energy's fuel cell technology to support AI data centers, with a focus on developing AI factories globally, including a new site in Europe, as part of its broader AI infrastructure investments.
Bloom Energy's stock has surged over 540% in a year due to its role in powering data centers for AI and cloud computing, but Jefferies recommends selling, citing overvaluation and the need for more substantial data-center orders to justify its high valuation, which is around 81 times earnings. The company's future growth depends on securing more large-scale deals, but visibility into such orders remains uncertain.
Bloom Energy's stock dropped 15% after Jefferies downgraded it to Underperform with a $31 target, indicating a 64% potential decline from recent levels, citing valuation concerns amid a year of significant gains and contrasting optimism from Morgan Stanley.
Bloom Energy's stock has surged over 125% since July following its partnership with Oracle to supply fuel cell technology for AI data centers, with a recent price target increase suggesting a further 27% upside. The collaboration is seen as positioning Bloom Energy for significant growth in powering AI infrastructure, supported by Oracle's strong demand for cloud services and increased bookings. The stock's technical setup indicates strong upward momentum, and the partnership with Oracle is expected to boost Bloom Energy's scale and order flow.
The top trending stocks on Yahoo Finance include Palantir Technologies, which hit record highs after announcing a move to the Nasdaq, and Bloom Energy, which surged following a major supply agreement with American Electric Power. In contrast, Pfizer shares fell amid concerns over potential vaccine policy changes under the Trump administration, Applied Materials dropped after disappointing earnings, and FuelCell Energy declined due to workforce cuts and cost reductions.
Bloom Energy's stock soared 70% after announcing a deal with American Electric Power to supply up to 1 gigawatt of fuel cells for AI data centers, marking the largest commercial procurement of such technology globally. The agreement includes an initial order of 100 megawatts of solid oxide fuel cells, with potential expansions in 2025. Analysts upgraded Bloom Energy's stock, estimating the deal could generate $3 billion in revenue and position the company as a key player in powering large-scale data centers.
Bloom Energy's stock plunged by 19.2% after reporting a nearly 23% drop in revenue for the fourth quarter and the unexpected departure of its president and CFO, Greg Cameron. The company attributed the revenue decline to challenges in its Korean business and stated that it had to "hit a pause" in sales to Korea to adapt to new government policies. Despite swinging to a profit in the fourth quarter, investors are concerned about the sales hit and are giving up on the renewable energy company for now.
Shares of hydrogen stocks like Plug Power, Bloom Energy, and Nikola Motors have plummeted this week due to concerns about dilution, increased competition, and financial instability. Plug Power's plan to raise up to $1 billion through new equity issuance has sparked significant bearish sentiment, while Bloom Energy's lack of profitability and similarity to Plug Power has led investors to trim their positions. Nikola Motors faced increased competition at the Consumer Electronics Show, further eroding investor confidence. Despite the drop in stock prices, caution is advised before considering these hydrogen stocks as potential buying opportunities, with Bloom Energy being on firmer financial footing than Plug Power and Nikola.
Morgan Stanley downgraded Plug Power from Equal-Weight to Underweight due to liquidity concerns and worsening hydrogen economics, while reducing the price target. However, the analyst reiterated an Overweight rating on Bloom Energy, citing strong underlying demand and profitability of its fuel cell business. Hydrogen OEMs have faced challenges such as higher interest rates, delayed adoption, and deterioration in hydrogen economics. The industry environment is expected to remain uncertain in 2024, with suboptimal visibility on subsidies and slow adoption.