We came across a bullish thesis on Plug Power Inc. on Stock Pursuit’s Substack. In this article, we will summarize the bulls’ thesis on PLUG. Plug Power Inc.'s share was trading at $2.01 as of November 28th. Photo by Possessed Photography on Unsplash Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally. Hydrogen fuel cells are emerging as a critical solution in meeting soaring AI-driven power demand, and Plug Power sits at the center of this ...

Core Points - FuelCell Energy, Inc. will release its fourth quarter and fiscal year 2025 results on December 18, 2025, before the stock market opens [1] - A conference call with investors will take place at 10:00 a.m. Eastern Time on the same day to discuss the results and provide a business update [1] - Participants can access the live call via webcast or telephone, with a replay available approximately two hours after the call [2] Company Overview - FuelCell Energy, Inc. offers clean and reliable energy solutions that enable customers to access power quickly and manage emissions while maintaining operations [3] - The company provides efficient, scalable, and fuel-flexible systems that operate on natural gas, biofuels, or hydrogen, delivering steady baseload electricity globally [3] - With over 55 years of experience and nearly 200 modules deployed, FuelCell Energy assists customers in achieving their energy goals [3]

Core Insights - Bloom Energy Corporation (NYSE:BE) is recognized as one of the 15 best-performing AI stocks heading into 2026, with a price target increase from $26 to $39 by BofA Securities, while maintaining an Underperform rating [1] Company Performance - Bloom Energy has experienced a significant surge of over 300% year-to-date, attributed to improved execution and revised estimates by BofA Securities [2] - BofA expects a compound annual growth rate of approximately 40% in megawatts (MW) through 2028, indicating increasing demand for Bloom Energy's products [3] Market Outlook - Despite the positive growth projections, BofA Securities expresses concerns regarding consensus revenue forecasts and suggests that the current stock price offers limited growth potential [2][3] - The firm highlights that maintaining growth beyond 2027 will require substantial new awards, indicating potential challenges ahead [3] - BofA also notes that Q4 backlog metrics will be a critical factor in assessing future order activity, which may be muted compared to more sensational headlines [4] Business Model - Bloom Energy designs and manufactures fuel cell systems aimed at on-site power generation for various sectors, including data centers, semiconductor manufacturing, large utilities, and other commercial and industrial applications [4]

Company Performance - Bloom Energy's stock decreased by 2.43% to $88.00, underperforming the S&P 500's daily gain of 0.06% [1] - Over the past month, Bloom Energy's shares increased by 71.95%, significantly outperforming the Oils-Energy sector's gain of 0.54% and the S&P 500's gain of 3.94% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with an expected EPS of $0.07, reflecting an 800% increase compared to the same quarter last year [2] - Revenue is projected at $411.09 million, indicating a 24.42% increase from the same quarter last year [2] Full Year Projections - For the full year, earnings are estimated at $0.48 per share and revenue at $1.77 billion, representing increases of 71.43% and 20.37% respectively from the prior year [3] - Recent analyst estimate revisions suggest confidence in Bloom Energy's business performance and profit potential [3] Analyst Ratings and Valuation - The Zacks Rank system currently rates Bloom Energy as 3 (Hold), with a Forward P/E ratio of 188.55, significantly higher than the industry average of 20.49 [5] - The PEG ratio for Bloom Energy is 6.73, compared to the industry average PEG ratio of 2.5 [6] Industry Context - The Alternative Energy - Other industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 164, placing it in the bottom 34% of over 250 industries [7] - Research indicates that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [7]

Company Performance - Bloom Energy's stock closed at $69.18, reflecting a -10.6% change from the previous day's closing price, which is less than the S&P 500's daily loss of 0.29% [1] - The stock has increased by 54.95% over the past month, outperforming the Oils-Energy sector's gain of 2.23% and the S&P 500's gain of 3.08% [1] Earnings Expectations - Analysts expect Bloom Energy to report earnings of $0.07 per share, indicating a year-over-year growth of 800% [2] - The consensus estimate anticipates revenue of $411.09 million, representing a 24.42% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $0.48 per share and revenue at $1.77 billion, reflecting changes of +71.43% and +20.37% respectively from the prior year [3] - Recent changes in analyst estimates are crucial as they often indicate shifting business dynamics, with positive adjustments suggesting analyst optimism [3] Valuation Metrics - Bloom Energy currently has a Forward P/E ratio of 161.77, which is significantly higher than the industry average of 20.34 [6] - The company holds a PEG ratio of 5.77, compared to the average PEG ratio of 2.45 for the Alternative Energy - Other industry [7] Industry Context - The Alternative Energy - Other industry is part of the Oils-Energy sector and has a Zacks Industry Rank of 164, placing it in the bottom 34% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

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Group 1: Stock Performance - Bloom Energy (BE) closed at $80.97, with a +1.63% change from the previous day, outperforming the S&P 500's 0.48% gain [1] - The stock has increased by 78.99% over the past month, significantly surpassing the Oils-Energy sector's gain of 3.84% and the S&P 500's gain of 2.46% [1] Group 2: Earnings Projections - The upcoming EPS for Bloom Energy is projected at $0.06, indicating a 700.00% increase compared to the same quarter last year [2] - Revenue is estimated at $410.16 million, reflecting a 24.14% rise from the equivalent quarter last year [2] Group 3: Fiscal Year Estimates - For the entire fiscal year, earnings are predicted at $0.48 per share and revenue at $1.77 billion, showing increases of +71.43% and +20.28% respectively from the previous year [3] - Recent changes to analyst estimates suggest a positive outlook for Bloom Energy's business [3] Group 4: Valuation Metrics - Bloom Energy has a Forward P/E ratio of 167.14, which is a premium compared to the industry average Forward P/E of 20.07 [6] - The company has a PEG ratio of 5.97, while the Alternative Energy - Other industry has an average PEG ratio of 2.39 [6] Group 5: Industry Ranking - The Alternative Energy - Other industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 178, placing it in the bottom 28% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Company Announcement - FuelCell Energy, Inc. will release its third quarter 2025 results on September 9, 2025, before the stock market opens [1] - Following the results announcement, the company will host a conference call with investors at 10:00 a.m. Eastern Time on the same day [1] Conference Call Details - The conference call will be accessible via webcast on the company's website or by telephone [1] - A replay of the conference call will be available approximately two hours after the conclusion of the call on the company's Investors' page [2] Company Overview - FuelCell Energy provides clean and reliable energy solutions that enable customers to access power quickly and manage emissions [3] - The company's systems are efficient, scalable, and fuel-flexible, operating on natural gas, biofuels, or hydrogen, and provide steady baseload electricity [3] - With over 55 years of expertise and nearly 200 modules deployed, FuelCell Energy assists customers in achieving their energy goals [3]

Core Insights - Plug Power (PLUG) is expected to report a quarterly loss of -$0.15 per share, reflecting a 58.3% increase in losses compared to the same period last year [1] - Analysts forecast revenues of $151.2 million, indicating a year-over-year increase of 5.5% [1] - The consensus EPS estimate has been revised upward by 0.9% over the past 30 days, showing analysts' reappraisal of projections [1] Revenue Estimates - Analysts project 'Net revenue- Sales of equipment, related infrastructure and other' to reach $87.53 million, a 14% increase from the previous year [4] - The estimate for 'Net revenue- Services performed on fuel cell systems and related infrastructure' is expected to be $13.66 million, reflecting a 4.8% increase year over year [4] - 'Net revenue- Power purchase agreements' is estimated at $18.91 million, suggesting a decline of 3.9% compared to the prior year [5] - The consensus for 'Net revenue- Fuel delivered to customers and related equipment' stands at $30.69 million, indicating a 2.7% year-over-year increase [5] - Analysts estimate 'Net revenue- Other' at $2.91 million, reflecting a significant decline of 26.6% year over year [5] Stock Performance - Over the past month, Plug Power shares have increased by 8.5%, outperforming the Zacks S&P 500 composite, which saw a 0.5% change [6] - Plug Power holds a Zacks Rank of 3 (Hold), suggesting that its performance is expected to align with the overall market in the near term [6]

Company Performance - Bloom Energy's stock increased by 2.25% to $25.93, outperforming the S&P 500's gain of 0.06% on the same day [1] - Prior to the recent trading session, Bloom Energy shares had risen by 12.41%, while the Oils-Energy sector experienced a loss of 3.71% and the S&P 500 gained 5.88% [1] Earnings Forecast - The upcoming earnings report for Bloom Energy is scheduled for July 31, 2025, with projected earnings per share (EPS) of $0.01, reflecting a 116.67% increase year-over-year [2] - Revenue is anticipated to be $382.08 million, indicating a 13.79% increase compared to the same quarter last year [2] Annual Estimates - Zacks Consensus Estimates forecast Bloom Energy's earnings for the year at $0.42 per share and revenue at $1.75 billion, representing increases of 50% and 18.45% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Bloom Energy are crucial for investors, as positive revisions are interpreted as favorable indicators for business outlook [3][4] Zacks Rank - Bloom Energy currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having decreased by 9.09% over the past month [5] - The Zacks Rank system has a strong track record, with stocks rated 1 delivering an average annual return of +25% since 1988 [5] Valuation Metrics - Bloom Energy has a Forward P/E ratio of 60.86, significantly higher than the industry average of 20.51 [6] - The company also has a PEG ratio of 2.5, which is comparable to the industry average PEG ratio of 2.49 [6] Industry Context - The Alternative Energy - Other industry, which includes Bloom Energy, ranks in the bottom 37% of all industries according to the Zacks Industry Rank [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]