As hyperscalers ramp up capital spending, Bloom Energy stands to benefit from the surge in data-center power demand.Over the past year, Bloom Energy (BE 10.62%) stock has surged 497%. The company is a bridge energy provider to help data centers meet their growing energy needs, and it has benefited from several major deals with hyperscalers and utility providers for its solid oxide fuel cells.It recently reported excellent fourth-quarter results, but with the stock up so much, is it too late to buy? Let's lo ...

Core Viewpoint - Ballard Power Systems will hold a conference call on March 12, 2026, to discuss the fourth quarter and full year 2025 operating results [1] Group 1: Conference Call Details - The conference call is scheduled for 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) [1] - Participants can join the call by dialing +1-833-821-2814 (Canada/US toll free) or via a live webcast on Ballard's homepage [1] - A link to the webcast will be available in the 'Investor Hub' area of the 'Investors' section of Ballard's website after the call [1] Group 2: Company Overview - Ballard Power Systems aims to deliver fuel cell power for a sustainable planet [1] - The company specializes in zero-emission PEM fuel cells that facilitate the electrification of various mobility sectors, including buses, commercial trucks, trains, marine vessels, and stationary power [1]

Bloom Energy Corporation (NYSE:BE) is one of the under-the-radar AI stocks to buy. On February 9, Mizuho analyst Maheep Mandloi raised the firm’s price target on Bloom Energy to $110 from $89 and maintained a Neutral rating following the company’s Q4 2025 earnings report. The firm expressed being impressed by Bloom’s gross margin accretion for 2026, which is attributed to cost reductions and improved capacity utilization supported by book-and-bill visibility. A day before that, Bank of America analyst Di ...

Summary of Bloom Energy Corp. Conference Call Company Overview - **Company**: Bloom Energy Corp. (BE.N) - **Industry**: Clean Technology - **Market Cap**: $35,096 million - **Stock Rating**: Overweight - **Price Target**: Increased from $155.00 to $184.00 Key Financial Highlights - **4Q25 Revenue**: $778 million, which is 20% higher than consensus and 11% higher than Morgan Stanley estimates [5][9] - **Gross Margin**: 31.9%, in line with expectations [11] - **Operating Profit**: $133 million, 40% above consensus [9] - **2025 Full Year Revenue**: $2 billion, exceeding initial guidance of $1.65-1.85 billion [10] 2026 Guidance - **Revenue Guidance**: $3.2 billion, which is 25% above consensus and in line with Morgan Stanley estimates [12] - **Operating Profit Guidance**: Expected to grow by 27% compared to consensus [9] - **Product Backlog**: Increased to approximately $6 billion, up from $2.5 billion last year, indicating strong demand [12] Growth Drivers - **Data Center Opportunities**: Significant acceleration in revenue growth anticipated, particularly from data centers seeking to enhance their own power generation capabilities [4] - **Technological Advantages**: Bloom's fuel cells can utilize high heat for cooling data centers, potentially reducing electricity usage by 20% [15] - **Market Positioning**: The company is well-positioned to benefit from the shift to 800v direct current power in data centers [15] Risks and Concerns - **Book-and-Ship Revenue Model**: Some investors expressed concerns about reliance on book-and-ship revenues, but management remains confident in demand and backlog coverage for 2026 [16] - **Capacity Expansion**: While the company is ready to expand manufacturing capacity, it has not committed to specific expansions yet [13] Market Outlook - **Long-term Growth**: Expected revenue CAGR of 49% through 2030, driven by low market penetration and increasing demand for distributed energy solutions [24] - **Operating Margins**: Projected to reach 33% by 2030, supported by cost reductions and operational efficiencies [25] Conclusion - Bloom Energy Corp. is demonstrating strong financial performance with significant growth potential driven by technological advancements and increasing demand in the clean tech sector. The raised price target reflects confidence in the company's ability to capitalize on these opportunities while managing associated risks effectively.

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $777.7 million, up 35.9% year-over-year, while full-year revenue reached a record $2 billion, up 37.3% from 2024 [18][20] - Adjusted EBITDA for Q4 was $146.1 million, slightly down from $147.3 million in Q4 2024, indicating strong operating leverage as the company scales [19] - Non-GAAP gross margin for Q4 was 31.9%, down from 39.3% in Q4 2024, while full-year non-GAAP gross margin improved to 30.3% from 28.7% in 2024 [18][20] - The company ended Q4 with $2.5 billion in total cash and a service backlog of approximately $14 billion [19][21] Business Line Data and Key Metrics Changes - The service business achieved a gross margin of approximately 20% for the first time in Q4, marking the third consecutive quarter of double-digit margins [19] - Product backlog increased by 140% year-over-year to about $6 billion, with the C&I backlog growing over 135% year-over-year [7][21] - The company reported a product margin of 37% while service margins were approximately 20% [19] Market Data and Key Metrics Changes - The geographic mix of the U.S. backlog has shifted, with over 80% now coming from states with lower power costs, compared to over 80% from California and the Northeast two years ago [9][10] - The demand from data center and commercial and industrial (C&I) customers is secular and growing, driven by digitization, automation, electrification, and reshoring [8][9] Company Strategy and Development Direction - The company aims to become the standard for on-site power, focusing on rapid deployment and reliability, particularly in the context of AI and data centers [6][10] - Bloom Energy is investing in its commercial team to capitalize on growing sales opportunities and plans to expand manufacturing capacity as needed [8][10] - The introduction of 800 volts DC technology is positioned as a competitive advantage, aligning with the needs of modern data centers [13][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, expecting 2026 revenue to be between $3.1 billion and $3.3 billion, with a non-GAAP operating income of approximately $425 million to $475 million [22] - The company anticipates continued improvements in service profitability as it expands its install base and scales operations [21] - Management highlighted the importance of customer satisfaction and repeat business, noting that over two-thirds of business comes from repeat customers [25][26] Other Important Information - The company has a strong focus on technology innovation, with ongoing investments in R&D to enhance its product offerings and maintain competitive advantages [16][34] - Bloom Energy's approach to manufacturing is described as asset-light, allowing for rapid scaling without the lengthy delivery backlogs faced by traditional suppliers [11][12] Q&A Session Summary Question: Follow-on opportunities at existing customers - Management noted that over two-thirds of business comes from repeat customers, indicating strong traction and satisfaction with initial projects [25][26] Question: Milestones for capacity expansion - Management stated that decisions on capacity expansion are continuous and based on market opportunities, emphasizing their capital-light approach [27][29] Question: Deployment of HVDC architecture - Management expressed confidence in the competitive advantage of 800-volt DC technology and its anticipated adoption by data centers [30][31] Question: Progress on combined heat and power solutions - Management highlighted the potential for absorption chillers to reduce electricity usage significantly, enhancing competitiveness [38][41] Question: Competitive landscape against legacy technologies - Management indicated that Bloom Energy is increasingly operating in the same project size category as combined-cycle gas turbines, showcasing their competitive capabilities [45][48] Question: Life of fuel cell stacks and service margins - Management reported eight consecutive quarters of profitability in the service business, with improvements in fuel cell stack life contributing to this trend [50][51] Question: Supplier growth projections - Management acknowledged the enthusiasm from supply chain partners but clarified that they do not provide long-term guidance [56][57] Question: U.S. vs. international market opportunities - Management emphasized that while the U.S. market is currently the focus due to rapid growth, they plan to expand globally in the future [60][62] Question: Pricing strategy and leverage - Management stated that pricing is market-driven and that they do not foresee issues balancing growth and profitability [66][68] Question: Interest in potential M&A - Management indicated that while they can be selective about acquisitions, their primary focus remains on scaling their core product [69][70]

Core Viewpoint - Bloom Energy's stock has rebounded significantly after reporting strong fourth-quarter 2025 financial results and providing optimistic guidance for 2026, leading to a 12.7% increase in stock price after hours [1]. Financial Performance - Bloom Energy reported Q4 2025 revenue of $777.7 million, exceeding analysts' expectations of $645.3 million, marking a 35.9% year-over-year increase [2]. - The company achieved adjusted diluted earnings per share (EPS) of $0.45, surpassing the anticipated $0.30 [2]. - In Q4 2025, Bloom Energy generated $418.1 million in operating cash flow, contributing to a total cash flow from operating activities of $113.9 million, which is a 23.8% year-over-year increase [3]. Future Outlook - For 2026, Bloom Energy projects revenue between $3.1 billion and $3.3 billion, with adjusted EPS expected to be between $1.33 and $1.48 [4]. - This guidance is set against a backdrop of reported revenue of $2.02 billion and adjusted diluted EPS of $0.76 for the previous year [4]. Competitive Position - Bloom Energy is positioned as a leading player in the fuel cell sector, distinguished by its consistent profitability and positive operating cash flows, making it a compelling choice for investors interested in fuel cell and hydrogen stocks [5].

Core Viewpoint - The Law Offices of Frank R. Cruz is investigating Plug Power, Inc. for potential violations of federal securities laws, indicating concerns regarding the company's compliance and governance practices [1]. Investigation Details - The investigation is initiated on behalf of investors who may have suffered financial losses related to Plug Power, Inc. [1]. - The announcement of the investigation follows a significant event on October 7, 2025, involving the company's Chief Executive Officer [1].

Core Insights - Bloom Energy's stock surged 291.2% in 2025, driven by the demand for data centers amid the AI boom and the company's technology addressing energy needs [1][2] Group 1: Market Dynamics - The global data center industry attracted over $61 billion in investments in 2025, highlighting the growing demand for reliable energy solutions [2] - Rapid off-grid power deployment is now the primary requirement for data center builders and operators, positioning Bloom Energy favorably in the market [8] Group 2: Strategic Partnerships - In 2025, Bloom Energy signed a $5 billion partnership with Brookfield Asset Management to develop AI factories powered by its energy servers [3] - Earlier in 2025, Bloom Energy deployed fuel cells for Oracle in just 90 days, showcasing its competitive advantage over traditional utilities [3] Group 3: Financial Performance - Bloom Energy achieved its fourth consecutive quarter of record revenue in October 2025, with a 38% revenue increase to nearly $1.2 billion and an 88% surge in gross profit [4] - The company transitioned from an operating loss in Q3 2024 to an operating income of $7.8 million in Q3 2025, indicating a path toward profitable scaling [5] Group 4: Future Outlook - Bloom Energy's stock gained an additional 74% in 2026 following a $2.65 billion deal with American Electric Power for solid oxide fuel cells [6] - The company is doubling its capacity to meet increasing demand, further solidifying its position as a key power supplier for data centers [6][8]

Core Viewpoint - Bloom Energy's stock experienced a significant increase of 74.2% in January, driven by its solid oxide fuel cell technology that generates electricity from natural gas and hydrogen, appealing to AI data center companies needing new power supplies [1]. Group 1: Company Developments - On January 8, Bloom Energy announced that American Electric Power (AEP) exercised an option to purchase hundreds of megawatts (MW) of Bloom's energy servers, which is a substantial development for the company [3]. - AEP had previously purchased 100 MW of Bloom Energy servers in November 2024, with an option to buy an additional 900 MW. The recent filing revealed that AEP exercised a significant portion of this option for $2.65 billion [4]. - The new agreement with AEP is part of a 20-year offtake agreement for an energy generation facility being built in Cheyenne, Wisconsin [4]. Group 2: Financial Performance - The $2.65 billion sale is a major deal for Bloom, especially considering the company generated only $1.82 billion in revenue over the past 12 months [6]. - Despite the positive outlook, Bloom's current market capitalization stands at $37 billion, while the highest revenue target for 2026 from Wall Street analysts is only $3.16 billion [7]. - Bloom's gross margins were reported at 29.2% last quarter, indicating that the company is not operating at high margins [7]. Group 3: Market Context - The AI infrastructure sector performed well in January, influenced by news and fourth-quarter earnings from leading semiconductor and data center companies, which may have contributed to Bloom's stock performance [5]. - While Bloom is expected to see strong growth in the near to medium term, its current valuation may be vulnerable to significant pullbacks if the company or the AI sector faces challenges [8].

Core Insights - Bloom Energy Corporation (NYSE:BE) has seen a significant increase in its share price, rising by 7.47% from January 22 to January 29, 2026, making it one of the top-performing energy stocks during that week [1] Company Overview - Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation both in the United States and internationally. Its Energy Server converts fuels like natural gas, biogas, and hydrogen into electricity without combustion [2] Analyst Ratings and Price Targets - China Renaissance initiated coverage of Bloom Energy with a 'Buy' rating and a price target of $207, suggesting an upside of over 32% from current levels. Barclays also initiated coverage with an 'Equal Weight' rating and a price target of $153, indicating that Bloom is well-positioned to benefit from increasing on-site power demand and strong momentum from hyperscalers, although the stock's valuation already reflects a significant scale-up [3] - Baird raised its price target for Bloom Energy from $157 to $172 while maintaining an 'Outperform' rating, following an update to its model in anticipation of Q4 results, where it expects the company to meet consensus but provide conservative guidance [4]