Core Viewpoint - Bloom Energy's stock has surged 33% recently, reaching a price of $114.06, following a $5 billion strategic partnership with Brookfield Asset Management to deploy its fuel cell technology in AI data centers [1][3]. Overview - Bloom Energy has a market capitalization of $27 billion and specializes in solid-oxide fuel cell systems for on-site power generation, including design, manufacturing, sales, and installation [5]. Valuation - The stock is considered unattractive due to its very high valuation, with a target price of $80 suggested [3][4][6]. Growth - Bloom Energy has experienced strong growth, with revenues increasing by 23% from $1.3 billion to $1.6 billion over the last 12 months, and an average growth rate of 18.8% over the past three years [10]. Profitability - The company's operating income over the last 12 months was $72 million, resulting in an operating margin of 4.4%, while the net income was approximately $24 million, indicating a net margin of around 1.5% [10]. Financial Stability - Bloom Energy has a debt of $1.5 billion, leading to a debt-to-equity ratio of 5.7%. The cash (including cash equivalents) amounts to $575 million out of total assets of $2.5 billion, resulting in a cash-to-assets ratio of 22.7% [10]. Downturn Resilience - The stock has underperformed compared to the S&P 500 during various economic downturns, with significant declines noted in past crises [7][11].