The future of the energy industry was firmly on the minds of American investors in June. The Big, Beautiful Bill championed by President Trump was making its way through Congress, and a series of its provisions concerned the sector. New proposals essentially favored certain types of energy production over others. Luckily for Bloom Energy (BE -7.50%), it was one of the beneficiaries. Bloom appears particularly well positioned for the Age of AI. Data centers designed for the technology need reliable sources o ...

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].