When a stock surges 1,414% in just a year, investors who didn’t get in the game early rightfully wonder if they’ve missed “the easy money” and just how much gas is left in the stock’s tank.
On those fronts, immediate clarity is often hard to come by
Still, late-arriving market participants can tilt the odds of success in their favor by cozying up to companies with durable long-term prospects. That group includes Bloom Energy (NYSE: BE), an industrial stock that has in fact surged 1,414% over the past year. A staggering 112% of that gain was accrued just last month, making Bloom the best-performing large-cap stock of any stripe in April.
With accolades like these, it’s not a stretch to assume an efficient market would have priced in all the known positives about Bloom and that the burden will be on this growth stock going forward. The burden of proof part is accurate, but there are tailwinds in place that may indicate Bloom’s best days are still ahead of it. 1. Bloom offers peace of mind At its core, Bloom is a provider of alternative power to data centers, and that’s a great place to be at a time when artificial intelligence (AI) is sending data center demand through the roof.