As artificial intelligence (AI) advances and its applications expand across various sectors, including healthcare, finance, transportation, and manufacturing, the need for reliable energy solutions to power data centers is becoming increasingly urgent. Many companies are actively seeking scalable renewable energy sources to address this challenge and support their growing requirements.
With the convergence of the AI revolution and a new administration in Washington, OKLO, CEG, and BE shares have the potential to soar.
Bloom Energy is a speculative hold for risk neutral investors with a long position in clean energy stocks. The company's 1-gigawatt agreement with American Electric Power and 80-megawatt single-site installation in South Korea, indicate a growing demand for its fuel cell products. Ongoing struggles with generating a profit along with a high debt-to-equity ratio (4.72 as of Q3-24) raise concerns over Bloom Energy's financial sustainability and capacity to endure large-scale.
Bloom Energy has developed energy servers incorporating solid oxide fuel cells, which transform natural gas or hydrogen into a decentralized electricity source. Its solutions are stable and cost-efficient in several US states already. While BE can serve several clients, the data center vertical is the most promising end market.
The latest trading day saw Bloom Energy (BE) settling at $22.65, representing a +1.57% change from its previous close.
In November 2024, Bloom Energy (BE 4.07%) made a big announcement: It will be supplying a roughly 80-megawatt fuel cell project in South Korea. The project, assuming all goes as planned, will be the "world's largest fuel cell installation in history.
The latest trading day saw Bloom Energy (BE) settling at $22.51, representing a -1.7% change from its previous close.
The artificial intelligence (AI) industry is rapidly transforming technology, and with this evolution comes a surge in energy demand.
KR Sridhar, CEO of Bloom Energy, joins CNBC's 'The Exchange' to discuss how AI has changed the world's power needs, solutions for rising energy demand from data centers and cloud computing, and more.
The rise of the artificial intelligence (AI) industry has led to a corresponding rise in electricity demand, as the data centers that support those ever-increasing algorithm calculations require vast amounts of energy. As the use of AI spreads further, the need for easy-to-deploy, sustainable energy sources will only intensify.
Shares of Bloom Energy (BE -2.90%) rocketed 185.9% in November, according to data from S&P Global Market Intelligence.
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