Backlog: The total backlog stood at $1.19 billion as of October. 31, 2025, providing clear visibility into revenue.Adjusted EBITDA: This metric, which gauges operating profitability by removing non-cash expenses, improved to negative $17.7 million, up from negative $25.3 million previously.Net Loss: Narrowed to $29.3 million, or 85 cents per share, a marked improvement from the $39.6 million loss recorded in the fourth quarter of 2024.Beyond top-line growth, the company showed discipline on the bottom line. ...

Core Viewpoint - Plug Power Inc. (PLUG) and Ballard Power Systems Inc. (BLDP) are key players in the clean energy market, focusing on hydrogen fuel cell solutions for various sectors [1][2] Group 1: Plug Power Analysis - Plug Power has shown revenue growth of 11% and 21% in the first two quarters of 2025, with a 2% year-over-year increase in Q3 2025, driven by demand for electrolyzers and hydrogen fuel sales [3][4] - The company is expanding its GenEco proton exchange membrane (PEM) electrolyzers, with plans to mobilize over 230 MW across North America, Europe, and Australia [4][5] - Despite growth, Plug Power faces challenges with a gross margin of negative 67.9% in Q3 2025 and significant cash outflows totaling $387.2 million in the first nine months of the year [7][8] Group 2: Ballard Power Analysis - Ballard Power reported a 120% year-over-year revenue increase in Q3 2025, reaching $32.5 million, supported by strong order intake for PEM fuel cell products [9][10] - The company has a healthy order backlog of $132.8 million and has successfully reduced operating expenses by 36% year-over-year [10][13] - Ballard Power exited Q3 2025 with cash and cash equivalents of $525.7 million, indicating a strong liquidity position to support future growth [14] Group 3: Sales Estimates and Valuation - The Zacks Consensus Estimate for Plug Power's 2025 sales is $701.8 million, reflecting an 11.6% year-over-year growth, while Ballard Power's estimate is approximately $95.6 million, indicating a 37.2% increase [15][16] - Both companies are currently trading at a negative forward price-to-earnings ratio, reflecting ongoing challenges in profitability [20] Group 4: Conclusion - Plug Power's long-term potential is supported by its position in the green hydrogen market and innovative projects, but short-term challenges may hinder performance [21] - Ballard Power's strong momentum, product innovation, and solid liquidity position suggest it may be a more favorable investment option compared to Plug Power at this time [22][23]

Core Insights - Bloom Energy (NYSE: BE) has experienced a significant stock increase of approximately 250% year-to-date in 2025, outperforming the S&P 500, which has risen about 16% during the same period [1] - The company's solid oxide fuel cell systems provide cleaner on-site power generation, appealing to large commercial and industrial customers [2][3] - Bloom Energy's recent partnerships, particularly with Brookfield Asset Management and Oracle, are crucial for its growth, especially in the AI infrastructure sector [5][4] Company Overview - Bloom Energy specializes in solid oxide fuel cell systems that convert fuels like natural gas into electricity through an electrochemical process, making them a cleaner alternative to traditional fossil fuel power generation [2] - The company targets large commercial and industrial clients, including major corporations such as Walmart, Target, Home Depot, Equinix, and Oracle, who seek reliable and low-emission power solutions [3] Market Position and Future Outlook - The potential for Bloom Energy to continue outperforming the market in 2026 hinges on sustained electricity demand and the ongoing build-out of AI infrastructure [6][7] - The company has reported record quarterly revenues for four consecutive quarters, indicating strong financial performance [7] - However, Bloom Energy faces competition from other alternative power solutions, including FuelCell Energy and advanced nuclear developers like Oklo and NuScale Power [8]

Key Points Bloom Energy stock has had a stellar run in 2025, driven by revenue growth and AI data center hype. The stock is trading below $100, but continued growth will likely depend on the data center build-out. 10 stocks we like better than Bloom Energy › Bloom Energy (NYSE: BE) stock is going through whiplash. After skyrocketing over 500% on the year, the energy stock has fallen over 40% from its recent 52-week high of $147.86 to about $82 a share. So what's the deal? Why is Bloom falling, and s ...

Core Viewpoint - Bloom Energy is experiencing significant growth, with a 300% increase in share price driven by rising demand for its fuel cells from data center operators, leading to rapidly increasing revenue and improving profitability [1][7]. Group 1: Company Performance - Bloom Energy's revenue surged by 57% in the third quarter, reaching $519 million, marking its fourth consecutive quarter of record revenue [7]. - The company reported an operating income of $7.8 million in the third quarter, a turnaround from a $9.7 million loss in the same period last year [7]. - The current market capitalization of Bloom Energy is $21 billion, with shares trading between $89.40 and $96.49 on the day of reporting [12]. Group 2: Market Demand and Partnerships - Data centers require a stable energy source, leading many operators to adopt fuel cells for backup power, which Bloom Energy is well-positioned to supply [3][4]. - Bloom Energy has formed strategic partnerships, including a $5 billion deal with Brookfield Asset Management to provide power solutions for AI factories, with potential installations of up to 1 GW [4]. - The U.S. data center power demand is projected to rise to 106 GW by 2035, significantly increasing the total addressable market for Bloom Energy [9]. Group 3: Future Growth Potential - Bloom Energy aims to increase its manufacturing capacity to 2 GW by the end of 2026, with scalability options to reach 5 GW [8]. - The company is expected to continue expanding its partnerships with data center developers, utilities, and commercial customers to meet future power needs [10]. - Despite potential volatility in share prices, Bloom Energy has substantial growth potential, driven by increasing electricity demand [11].

Ballard Power Systems Inc. (NASDAQ:BLDP) is one of the best hydrogen stocks to buy right now. On November 18, Jefferies lifted its price target for Ballard Power Systems Inc. stock to $2.50 from $1.40 and kept a Hold rating on the shares. The decision followed Ballard’s Q3 2025 earnings report in which revenue reached $32.5 million, exceeding the expected $25 million. Ballard Power (BLDP) Sees Mixed Analyst Ratings Following Earnings Beat and Fuel Cell Expansion Plans The firm noted that the positive sur ...

FuelCell Energy, Inc. (NASDAQ:FCEL) is one of the best hydrogen stocks to buy right now. On December 1, FuelCell Energy announced the closure of a debt financing agreement with the Export-Import (EXIM) Bank of the United States. The deal provided approximately $25 million in gross proceeds before fees and reserves. According to the company, this financing is part of EXIM’s Project & Structured Finance program whose goal is to support US exporters in global natural resource and infrastructure sectors. Fuel ...

Bloom Energy Corporation (NYSE:BE) is one of the best hydrogen stocks to buy right now. Bloom Energy Corporation (NYSE:BE) has received a mix of views from Wall Street analysts over the past few weeks. On December 16, Morgan Stanley analyst David Arcaro reiterated a Buy rating and set a price target of $155. That optimism was echoed by BTIG’s Gregory Lewis, who also maintained a Buy rating with a $145 target. Earlier in the month, however, Daiwa took a more neutral stance, initiating coverage on December 3 ...

Clean energy company FuelCell Energy (FCEL) reported its fiscal fourth-quarter earnings on Dec. 18. As the results topped expectations, the stock gained 22% intraday on the same day. Notably, the company reported solid prospects from data centers, which drive higher energy demand. FCEL says its sales and marketing focus is centered around data center operations and engaging with data center operators and infrastructure finance providers to make it clear that FuelCell is equipped to power their energy-inte ...

Core Viewpoint - Bloom Energy Corporation (NYSE:BE) has experienced significant volatility in its share price, recently falling by 24.01% due to concerns surrounding the AI bubble and its implications for the energy sector [1][4]. Company Overview - Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation, converting fuels like natural gas, biogas, and hydrogen into electricity without combustion [2]. Recent Performance - The company's share price has surged by nearly 230% since the beginning of 2025, driven by its recognition as a potential solution for the increasing energy demands of data centers [5]. Market Dynamics - Recent fears about an AI bubble have led to heavy selling of Bloom Energy's shares, particularly after Oracle Corporation missed revenue estimates and reported a negative free cash flow of $13 billion for the past four quarters [4]. - The withdrawal of Blue Owl Capital from a planned $10 billion financial support to Oracle's data center has further intensified concerns regarding Big Tech's spending on AI [4]. Competitive Threats - The announcement of SpaceX's plans to go public in 2026 poses a potential threat to Bloom Energy's business model, as Elon Musk intends to use the funds to develop AI data centers in orbit, where solar energy is abundant, potentially reducing the need for Bloom's technology [5].