Looking at a stock that’s rocketed more than 1,410% higher over the past year and wondering if it’s a buy may seem like an absurd exercise.
But that’s hardly the case with Bloom Energy (NYSE: BE) stock
With the artificial intelligence (AI) industry exhibiting extraordinary growth, there’s ample reason to consider whether the fuel cell stock is a buy. The burgeoning AI industry is helping Bloom Energy blossom Recently, advanced nuclear reactor companies have received the lion’s share of attention for offering solutions to the massive power demands of AI computing. But Bloom Energy has excelled at showcasing its fuel cell solutions as another viable option — one that is available now, unlike small modular reactor companies, which are engaged in a lengthy regulatory process.
Data center operators don’t have time to wait. According to Goldman Sachs research, U.S. data center power demand is expected to soar from 31 gigawatts (GW) in 2025 to about 95 GW by the end of 2027. Bloom Energy is seizing the opportunity.