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Bloom EnergyBEPARTIAL SELLDec 07, 2020Stock price when the opinion was issued
As of Oct 13, 2026. Market Open.
They've thrived from the data centre rally this year, supplying much-needed (clean, quiet) energy to them. BE is up 21% this year and nearly 2000% over 3 years. They spent years developing the technology to cover fossil fuels or hydrogen into electricity without burning them. They have all the major American hyperscalers buying from them. Brookfield Corp. (which he likes) struck a financing deal with BE last year and expanded it this year. BE crushed the numbers last July with big beats top and bottom lines. Demand is so strong that BE plans to double revenues in a single year. They raised their full-year revenue forecast a lot. But it trades at a high 56x 2027 PE, but it deserves it due to the growth rate.
A great buy. Tremendous upside. The first into the Harper Basin, now the majors are coming in, finding huge fields. Potentially huge upside. Partners with Total, one of the largest energy companies in the world and one of the exploration leaders in offshore West Africa.
Right now it's a project, so price will bounce around a bit.