Investing in Bloom Energy (NYSE: BE) can be an enticing way to indirectly invest in the ongoing data center build-out. As tech companies continue to build data centers to support their businesses and drive opportunities in artificial intelligence (AI), there's an inevitable need to supply power to those data centers. That's where Bloom Energy comes in.
Its fuel cell systems can help provide continuous power for data centers. The company's CEO even said that "Bloom is now a standard for AI onsite power." Missed Nvidia in 2009? This Rare Signal Is Flashing Again.
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Given the growth potential for Bloom, is the energy stock a no-brainer buy right now that could double in value?
Opportunities related to AI have unleashed massive growth for Bloom, as is evident in the chart below, underscoring just what kind of growth beast it has been of late. The company has been posting record numbers, with revenue recently topping $1 billion during a quarter for the first time. For 2026, the company projects its sales to reach $3.9 billion.
Last year, its top line was up around $2 billion. If the business can continue posting these types of results, it may not be a matter of if Bloom's stock doubles but when it happens. Investors, however, should consider the risk.
A lot hinges on AI data center opportunities, which can make the stock highly vulnerable to the tech sector and overall investor sentiment. The danger is that things can change quickly in tech, and if they do, and companies pull back on data center spending and investments, that could weigh down Bloom's stock significantly. In the past 12 months, Bloom's stock has skyrocketed more than 370%.
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