Heading into today, shares of the developer of fuel cell systems had lost 18.72% over the past month, lagging the Oils-Energy sector's loss of 0.69% and the S&P 500's gain of 2.83% in that time. For the full year, the Zacks Consensus Estimates are projecting earnings of $0.15 per share and revenue of $1.47 billion, which would represent changes of +250% and +10.13%, respectively, from the prior year. Empirical research indicates that these revisions in estimates have a direct correlation with impending stoc ...

PALM BEACH, Fla., June 25, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The green hydrogen market is experiencing rapid growth, driven by global efforts to reduce carbon emissions and advancements in electrolysis and renewables. Government support through policies and investments is also boosting growth. Its versatility and scalability make green hydrogen a key player in the transition to sustainable energy. The market is even being propelled by its increasing use in fuel cell electric vehicles ...

Company Overview - Bloom Energy operates in the oils/energy sector and competes with clean energy providers such as Plug Power Inc and Fuel Cell Energy Inc [2] - The company's core product is Solid Oxide Fuel Cells (SOFCs), which are the fastest-growing fuel cell segment [3] - SOFCs generate combustion-free, emissions-free, and carbon-free electricity and are deployed in various industries including healthcare, data centers, and critical manufacturing [1] - Bloom Energy's SOFCs are constructed using a solid ceramic electrolyte coated with proprietary inks, with no corrosive acids or molten materials used in the process [3] Product and Technology - Bloom Energy's flagship product is the Bloom Energy Server, also known as a Bloom Box, which uses natural gas or biogas to generate clean energy on-site [13] - A 200 kW to 300 kW energy server can be formed by stacking 4 to 6 Bloom Boxes, which is the size of half of a standard 30-foot shipping container [1] - The company's solid oxide electrolyzer is claimed to be the most efficient for creating affordable carbon-free hydrogen [1] Market and Growth Opportunities - Bloom Energy has a track record of supporting data center power needs, with over 300 megawatts of contracted or deployed orders [15] - The AI revolution is driving the growth of data centers, which now consume nearly 3% of global electricity, presenting a significant opportunity for Bloom Energy [13] - The company announced a power capacity agreement with Intel, resulting in the largest fuel cell-powered high-performance computer data center in Silicon Valley [15] - Bloom Energy sees strong growth opportunities in AI hardware supply chain industries, both in the US and Asia [19] Financial Performance - Bloom Energy reported a Q1 2024 EPS loss of 17 cents, missing consensus estimates by 5 cents [17] - Revenues fell 14.5% YoY to $23.2 million, missing the $249.24 million consensus estimates [17] - Gross margin fell 3.5% to 16.2%, while the operating loss improved to $49 million from $63.7 million in the year-ago period [17] - The company reaffirmed full-year 2024 guidance, with revenues expected to be between $1.4 billion and $1.6 billion, and gross margins around 28% [7] Stock Performance and Analyst Ratings - Bloom Energy's stock price is $13.24, with a 52-week range of $8.41 to $18.76 [2] - The stock is in a bearish ascending triangle pattern, with pullback support levels at $12.51, $11.19, $9.12, and $7.49 [16] - Analysts have a "Hold" rating on the stock, with a price target of $15.69, indicating an 18.5% upside potential [2][18] - Despite the growth potential, Bloom Energy was not listed among the top five stocks recommended by top analysts [9][20]

On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. Some of the best energy stocks to buy now are associated with artificial intelligence. "In terms of macro numbers, by 2030 AI could account fo ...

It's important to note that investing in hydrogen stocks can be a double-edged sword. While the industry holds promise for the future, it is still in its early stages, and many companies have yet to prove their viability. Source: Pavel Kapysh / Shutterstock.com The company's order backlog at the end of Q1 2024 stood at $180.5 million, a 38% increase from the end of Q4 2023. That growth was driven mainly by European Bus and Stationary verticals. New orders worth $64.5 million were received, with $14.5 millio ...

To begin with, producing hydrogen is expensive, particularly relative to traditional fossil fuels. There are also logistical concerns over storage and transportation, and public acceptance in many areas is lacking. None of these are necessarily insurmountable, but those who jumped into hydrogen stocks believing that a hydrogen future was around the corner are still waiting for the payoff. Source: T. Schneider / Shutterstock.com For more than 30 years, investors have been looking for hydrogen stocks to buy a ...

Key Points Call option activity broke out of its norm for these three stocks, and each has a good reason behind traders jumping to them. The double-digit upside is one of the common factors between these names, with bullish momentum and catalysts being the solidifying force in them. Fundamental and technical factors aligned for investors to decide what these traders saw. 5 stocks we like better than NVIDIA As the saying goes, always follow the money. This time, investors can follow the proverbial big player ...

At first glance, sustainable stocks to buy sounds like a nice concept but that ultimately won't make you money. If we look at capitalism in the most cynical sense, the ethos strives to maximize profitability while minimizing costs. And it costs money to be sustainable. However, that may be a poor way of framing the topic. Yes, cutting corners in practices and ethics can yield greater revenue and profitability. However, that's in the short term. Over the long run, unsustainable practices are, well, unsustain ...

Within the clean energy economy, hydrogen is increasingly a major source of decarbonization. It's not surprising that hydrogen stocks to buy have been in the limelight. As the global hydrogen economy grows, some of the best companies are in a position to create massive value. The global hydrogen market was valued at $222.4 billion in 2022 and market size is expected to swell to $410.6 billion by 2030. There is a big opportunity, and the market size will continue to swell beyond the next decade. Let's, there ...

Wall Street says Bloom Energy stock is worth only $14. So why are investors paying $17 for Bloom? Bloom Energy (BE 13.68%) stock is on a roll. For four days in a row, shares of the fuel cell renewable energy pioneer have risen, including a monster 17% surge in value on Tuesday and a further 11.7% spike through 10:15 a.m. ET this morning. You can thank Wall Street for keeping the good times rolling. On Monday, Wells Fargo raised its price target on Bloom stock to $14 a share. On Tuesday, RBC Capital reiterat ...