Group 1 - J.P. Morgan upgraded Bloom Energy's stock, leading to an 18% increase in one day, but the stock subsequently fell 9% [1][3] - The upgrade was based on the expectation that Congressional "48E tax credits" would increase the adoption of Bloom's fuel cells and improve profit margins [3] - SK ecoplant, an insider investor, decided to sell half of its shares, approximately 10 million shares at $28.71 each, following the stock price surge [4][5] Group 2 - SK ecoplant owned over 10% of Bloom's shares, and the sale will reduce its stake by roughly half, allowing it to lock in profits [5] - Despite J.P. Morgan's optimism, Bloom reported less than $5 million in profit over the last 12 months, with a P/E ratio exceeding 1,000x earnings [6] - Bloom's price-to-free cash flow ratio is 87 times, indicating a potentially overpriced stock despite projected growth of 25% over the next five years [6]

Core Insights - FuelCell Energy, Inc. and Inuverse have signed a Memorandum of Understanding (MOU) to explore deploying up to 100 megawatts (MW) of fuel cell-based power at the AI Daegu Data Center, aiming to make it Korea's largest data center starting in 2027 [1][5] Company Overview - FuelCell Energy specializes in high-efficiency fuel cell platforms that provide clean, reliable energy solutions, helping data centers meet energy and climate goals without operational disruptions [3][7] - The company operates the largest single-site fuel cell park in Korea, with a capacity of 58 MW, showcasing the reliability and commercial readiness of its technology [5] Technological Capabilities - The AI DDC will utilize advanced cooling technologies, including absorption chilling powered by thermal energy from FuelCell Energy's systems, which are designed to reduce operational costs and enhance performance [2][4] - FuelCell Energy's systems are capable of rapid deployment, providing modular, phased, onsite power in months, which is essential for meeting the energy demands of AI and cloud computing [4] Strategic Collaboration - The partnership with Inuverse is expected to expand FuelCell Energy's presence in Asia and demonstrate its ability to support decarbonization and reduce particulate emissions in the digital economy [5][6] - Inuverse aims to address the increasing data processing demands of the AI era while achieving renewable energy and ESG objectives through this collaboration [6][9]

Core Viewpoint - JPMorgan analyst Mark Strouse upgraded Bloom Energy Corp to Overweight from Neutral, raising the price forecast from $18 to $33 due to the unexpected eligibility of fuel cells for 48E tax credits under the finalized OBBB legislation, which could enhance revenue and margin expectations starting in fiscal year 2026 [1] Group 1: Revenue and Margin Expectations - The eligibility for 48E tax credits is expected to lead to increased revenue and margin expectations, surpassing the 19% year-over-year increase implied in the midpoint of FY25 guidance [1] - Improved factory utilization and stronger pricing power with data center clients, along with higher volumes from cost-sensitive customers, could further enhance product margins [2][3] Group 2: Financial Projections - Strouse projects FY26 pro forma EBITDA of $420 million on $2.21 billion in revenue, compared to $275 million on $2.04 billion this year, with Street estimates at $319 million and $2.09 billion respectively [4] Group 3: Market Sentiment and Risks - Bloom Energy's second-quarter commentary is viewed as more positive than peers following the finalization of the OBBB, although uncertainty remains around safe harbor provisions from the July 7 Executive Order, which may affect investor sentiment in solar and wind [4] - Potential risks include the absence of a permanent CFO, which could shift priorities towards growth over profitability, and the possibility of customers deferring FY25 orders to take advantage of the 48E credits starting in January 2026 [5]

Group 1 - Bloom Energy stock has seen a significant increase, with a 15.5% rise on the day and a potential target price of $33 set by J.P. Morgan, indicating an additional 18% upside over the next 12 months [1][3] - J.P. Morgan's optimism is driven by the maintenance of 48E tax credits in the recent legislation, which is expected to enhance profit margins and stimulate fuel cell system deployments, thereby increasing revenue for Bloom Energy [3][4] - The anticipated financial benefits from the tax credits are expected to start reflecting in Bloom's results by fiscal year 2026, with potential guidance improvements as early as the upcoming Q2 earnings report on July 31 [4] Group 2 - Despite the positive outlook, Bloom Energy's stock is considered expensive, trading at a P/E ratio exceeding 1,000, even though the company achieved profitability in Q4 of the previous year [5] - The company generated positive free cash flow of approximately $77 million over the last 12 months, resulting in a high price-to-free cash flow ratio of 73, which raises concerns about the stock's valuation even with projected profit growth of 25% annually [6]

The shares of Schaeffer's 2025 Top Stock Pick Bloom Energy Corp (NYSE:BE) are up 12.5% to trade at $27.33 at last check, on the heels of an upgrade from J.P. Morgan to "overweight" from "neutral" and price-target hike to $33 from $18. The analyst noted fuel cell tax credits, higher factory absorption, as well as incremental pricing power.There's room for additional firms to strike a bullish tone, as 11 of the 20 in question still sport a "hold" or worse rating. Plus, the 12-month consensus target price of $ ...

VANCOUVER, BC, July 9, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Monday, August 11th, 2025 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review second quarter 2025 operating results. The live call can be accessed by dialing +1-833-821-2814 (Canada/US toll free). Alternatively, a live webcast can be accessed through a link on Ballard's homepage (www.ballard.com). Following the call, the webcast will be archived in the 'Earnings, Interviews & ...

D-Wave Quantum (QBTS -4.59%), a provider of quantum computing services, took its investors on a wild ride after it went public by merging with a special purpose acquisition company (SPAC) nearly three years ago. It started trading at $10 a share, sank as low as $0.41 in May 2023, but now trades at around $16. D-Wave's stock bounced back as it launched a powerful new processor, the broader quantum computing market heated up again, and interest rates declined. But with a market cap of $5.3 billion, it trades ...

Core Viewpoint - Bloom Energy's stock experienced a 10% increase due to favorable developments regarding hydrogen tax credits in the Senate bill, which contrasts with earlier tariff fears and potential tax credit repeals from the House version [1][2][3]. Company Summary - Bloom Energy specializes in fuel cell systems that convert natural gas or hydrogen into electricity without combustion, and it also produces electrolyzers for hydrogen production [1]. - The company has recently turned profitable for the first time last year, indicating growth potential [7]. Industry Summary - The Senate's version of the tax bill extends the hydrogen tax credit until January 1, 2028, providing a two-year extension compared to the House bill's phaseout in 2026 [5]. - The clean hydrogen tax credit can offer up to $3 per kilogram for projects that commence by the extended deadline, which is beneficial for the hydrogen sector [5]. - The Senate's adjustments to the bill provide existing renewable energy projects with more time for construction and deployment, alleviating some concerns raised by the House version [4][6].

Core Viewpoint - Plug Power Inc. and Bloom Energy Corporation are key players in the fuel cell technology market, both experiencing growth opportunities in the green hydrogen sector due to rising demand for clean energy solutions and government decarbonization initiatives [1][2] Group 1: Plug Power Analysis - Plug Power has faced declining sales in hydrogen equipment and infrastructure, with revenues impacted by reduced hydrogen site installations, dropping from 52 to 15 installations year-over-year in 2024, and further down to one in Q1 2025 [3][4] - The company reported a negative gross margin of 55% and an operating cash outflow of $105.6 million in Q1 2025, leading to reliance on equity sales for funding, raising $267.5 million in Q1 2025 and totaling $857.9 million in 2024 [5][10] - Despite current challenges, Plug Power has long-term growth potential in the green hydrogen market, projected to reach $30 billion by 2030, supported by its expertise in electrolyzer deployment [6][10] - The company is implementing Project Quantum Leap, aiming for over $200 million in annualized savings, which is expected to improve cash flow and reduce cash burn [7][8] Group 2: Bloom Energy Analysis - Bloom Energy has deployed approximately 1.4 GW of its Energy Server systems across over 1,000 locations in nine countries, providing reliable and sustainable energy solutions [9] - The company anticipates 19% sales growth and 50% EPS growth in 2025, driven by momentum in the U.S. and South Korea markets [10][13] - Bloom Energy's gross margin improved by 11 percentage points to 27.2% in Q1 2025, indicating strong profitability despite rising costs, with revenue costs increasing by 20% year-over-year [13][14] - The company has a strong position in the renewable energy space, bolstered by strategic partnerships, such as its collaboration with Equinix for sustainable on-site power generation [12][24] Group 3: Comparative Performance - Over the past year, Plug Power's shares have decreased by 49.1%, while Bloom Energy's stock has increased by 95.1% [18] - In terms of valuation, Plug Power has a forward price-to-earnings ratio of negative 2.34X, contrasting with Bloom Energy's forward earnings multiple of 38.22X [20] - Both companies hold a Zacks Rank 3 (Hold), complicating the decision for investors [22]

Three relatively early stage companies with sizable addressable markets have caught the attention of one of Wall Street's leading asset managers. Nothing holds more importance on Wall Street than data. The problem is the amount of data announced via earnings reports and economic releases can easily overwhelm investors and allow something of importance to be overlooked. For instance, May 15 marked the deadline for institutional investors with at least $100 million in assets under management to file Form 13F ...