Bloom Energy Corporation Class A Common Stock (BE)
24.18
+0.66 (2.82%)
Bloom Energy Corp is an innovative company focused on providing cleaner, reliable energy solutions through its cutting-edge fuel cell technology
By harnessing natural gas and hydrogen, the company designs and manufactures energy servers that convert these fuels into electricity with significantly reduced carbon emissions compared to traditional energy sources. Bloom Energy’s systems are utilized in various industries, including commercial, industrial, and residential sectors, helping to drive the transition toward sustainable energy. The company is committed to advancing clean energy initiatives and offers tailored solutions to meet the diverse energy needs of its clients.
Bloom Energy Corporation (NYSEBE) today announced it will release its fourth quarter 2024 financial results on February 27, 2025, after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Bloom Energy (NYSEBE) and its peers.
As the energy needs of data centers continue to significantly outpace supply, a new report from Bloom Energy (NYSEBE), a global leader in power solutions, predicts that 35 GW of data center capacity will be announced within the next five years — equivalent to over six times the average energy capacity used by New York City annually. To meet the soaring demand, data centers are adopting onsite power systems as a primary energy source, a shift that reflects the industry’s drive for innovative solutions to address economic imperatives and ease pressure on the nation’s aging power grid.
Retail investors on Stocktwits believe Plug Power has the most to gain from the new rules compared to peers Bloom Energy (BE), Nikola (NKLA), and FuelCell Energy (FCEL).
What a fantastic six months it’s been for Bloom Energy. Shares of the company have skyrocketed 96.5%, hitting $24.38. This performance may have investors wondering how to approach the situation.
The new price target represents nearly a 20% upside potential from current levels. BTIG pointed out that data centers are aiding in the biggest U.S. grid transformation since utilities connected across state lines in the 1920s.
