Bloom Energy Soared After a New AI Power Report. Is the Fuel Cell Stock a Buy?
Key takeaways
- BE NVDA Shares of Bloom Energy (NYSE: BE) jumped about 15% on Thursday to a record high near $330, up from about $285 the day before.
- So, is the stock s move a bullish sign for investors looking to finally get in on this growth story, or has the enthusiasm run ahead of the business?
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
BE NVDA Shares of Bloom Energy (NYSE: BE) jumped about 15% on Thursday to a record high near $330, up from about $285 the day before. One catalyst was a mid-year update to the company s data center power report, which laid out how much electricity artificial intelligence (AI) will demand this decade and how little of it the grid is ready to deliver. Paired with a string of large supply agreements, that report has turned the fuel cell maker into one of the market s favorite ways to bet on AI s power problem.
So, is the stock s move a bullish sign for investors looking to finally get in on this growth story, or has the enthusiasm run ahead of the business?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »