Latest news with #BloomEnergy
Yahoo
a day ago
- Business
- Yahoo
Bloom Energy's (BE) Alternative Power Play: UBS Sees Growth Ahead
Bloom Energy Corporation (NYSE:) is one of the . On June 12, UBS analyst Manav Gupta reiterated a 'Buy' rating on the stock with a $29.00 price target. The firm has reaffirmed its positive stance on the company while making minor adjustments to its quarterly estimates. It expects Bloom to report second-quarter 2025 sales of $365 million, an increase from the $326 million reported in the first quarter of 2025. It also expects improved profitability with second-quarter EBITDA forecasted to reach $35 million, up from $25 million in the previous quarter. A panoramic aerial view of a modern data center with high-performance computing. The firm projected that Bloom Energy will achieve total sales of $1,777 million for the full fiscal year 2025. All in all, the firm is bullish on the stock as Bloom continues to grow its presence in the alternative energy sector with its solid oxide fuel cell technology. Bloom Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers. While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
04-06-2025
- Business
- Yahoo
Why Bloom Energy Corporation (BE) Skyrocketed On Tuesday
We recently published a list of . In this article, we are going to take a look at where Bloom Energy Corporation (NYSE:BE) stands against other Tuesday's best performers. Bloom Energy snapped a four-day losing streak on Tuesday, jumping 11.65 percent to close at $20.41 apiece as investors resorted to profit-taking while digesting a former executive's disposition of shares in the company. In a regulatory filing, Bloom Energy Corporation (NYSE:BE) said that its former chief finance officer, Dan Berenbaum, who stepped down from his post on May 1 without any reason, sold 5,000 shares of the company at an aggregate value of $99,500 on Tuesday, June 3. This followed a series of sell-offs between May 21 and 23, 2025, covering 26,300 shares for a total of $494,272. A bird's eye view of a power generation platform with a power plant in the background. In a statement, Bloom Energy Corporation (NYSE:BE) described Berenbaum's departure as amicable and not related to financial disagreements. Berenbaum joined the company only last year. In the first quarter of the year, Bloom Energy Corporation (NYSE:BE) narrowed its net losses attributable to shareholders by 58.6 percent to $23.8 million from the $57.5 million registered in the same period last year, but marked its return to the red from a $104.8 million net income in the fourth quarter of 2024. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Why Bloom Energy Corporation (BE) Skyrocketed On Tuesday
We recently published a list of . In this article, we are going to take a look at where Bloom Energy Corporation (NYSE:BE) stands against other Tuesday's best performers. Bloom Energy snapped a four-day losing streak on Tuesday, jumping 11.65 percent to close at $20.41 apiece as investors resorted to profit-taking while digesting a former executive's disposition of shares in the company. In a regulatory filing, Bloom Energy Corporation (NYSE:BE) said that its former chief finance officer, Dan Berenbaum, who stepped down from his post on May 1 without any reason, sold 5,000 shares of the company at an aggregate value of $99,500 on Tuesday, June 3. This followed a series of sell-offs between May 21 and 23, 2025, covering 26,300 shares for a total of $494,272. A bird's eye view of a power generation platform with a power plant in the background. In a statement, Bloom Energy Corporation (NYSE:BE) described Berenbaum's departure as amicable and not related to financial disagreements. Berenbaum joined the company only last year. In the first quarter of the year, Bloom Energy Corporation (NYSE:BE) narrowed its net losses attributable to shareholders by 58.6 percent to $23.8 million from the $57.5 million registered in the same period last year, but marked its return to the red from a $104.8 million net income in the fourth quarter of 2024. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Automotive
- Yahoo
Renewable Energy Stocks Crash as U.S. Advances Bill That Could Decimate the Industry
Congress is pushing forward a bill that could upend the renewable energy industry. Just as companies have ramped up production and renewable electricity generation in the U.S., those projects may become uneconomical. 10 stocks we like better than Enphase Energy › The news was about as bad as it could get for renewable energy stocks this week as the U.S. House of Representatives early Thursday passed a bill that will repeal some of the most important subsidies for the industry if it becomes law. Investors assumed the worst and sold off nearly every company related to EVs or renewable energy. Enphase Energy (NASDAQ: ENPH) fell as much as 25.4% this week, Bloom Energy (NYSE: BE) dropped 11.2%, AES (NYSE: AES) fell 21.9%, and NextEra Energy (NYSE: NEE) was off 12%. The stocks had bounced off their lows in Friday trading, but are still down big for the week. As has been promised for months, Congress and the White House are going after the renewable energy industry hard, targeting a lot of the subsidies that drove the industry's growth over the last few years. In The One, Big, Beautiful Bill that's passed the House, the $7,500 tax credit for new electric vehicles is gone for all automakers who have sold over 200,000 EVs, and so is the $4,000 tax credit for buying a used EV. To make matters worse, EV owners would have a new annual tax of $250 and hybrid owners would be charged $100 to make up for taxes normally included in gasoline sales. Tax credits for solar, wind, and energy storage would also be cut, a key piece of financing projects large and small. The bill now heads to the Senate. The loss of renewable energy tax credits could be the most impactful on the energy industry overall. Wind and solar accounted for nearly all of the new power generation in the U.S. last year, and many projects would be uneconomical without the 30% tax credit that the bill does away with. That would impact component suppliers like Enphase and Bloom Energy, who sell to developers of projects. But it would also impact utilities like AES and NextEra Energy, which are counting on renewable energy projects to grow. If projects already in the pipeline are suddenly uneconomical, it could cause the industry to come to a screeching halt. And with bankruptcies already mounting, that could be terrible for these stocks. The industry has been through ups and downs before. But this time, there have been billions of dollars invested in new manufacturing plants in the U.S. that were made possible by direct subsidies for plants and indirect financing assistance for renewable energy projects. If this bill passes the Senate and the president signs it into law, it would undermine the economics of the entire industry and could result in a lot of companies going out of business. That's a very real fear for investors today. Utilities like NextEra Energy and AES aren't going to go under, but they've invested heavily in being leaders in renewable energy, and this may undermine those growth plans. Enphase and Bloom, on the other hand, are facing an existential crisis in the U.S. I'm not buying renewable energy stocks today, and think it will be a rough time for the industry if this bill does become law. Before you buy stock in Enphase Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Enphase Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $640,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $814,127!* Now, it's worth noting Stock Advisor's total average return is 963% — a market-crushing outperformance compared to 168% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool recommends Enphase Energy. The Motley Fool has a disclosure policy. Renewable Energy Stocks Crash as U.S. Advances Bill That Could Decimate the Industry was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Why Bloom Energy Stock Jumped This Week
Many big tech stocks have been soaring as spending for artificial intelligence (AI) infrastructure continues to grow. Major announcements this week during President Donald Trump's Middle East trip gave tech investors even more to cheer about. The massive planned data center buildouts in Saudi Arabia and the United Arab Emirates (UAE) that were announced will need power. One energy company helping to supply onsite power to data centers is Bloom Energy (NYSE: BE). Based mostly on that growing business segment, Bloom shares jumped 12.6% this week as of 11 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. Data centers will utilize onsite power sources After President Trump's state visit to Saudi Arabia, the White House announced a $600 billion commitment to invest in the U.S. That included a $20 billion pledge for investments in AI data centers and energy infrastructure. The UAE committed to participate in the construction of data centers in the U.S. that could be as large as a new 5 gigawatt data center campus planned for Abu Dhabi that was also announced this week. The global expansion of data centers will also need an unprecedented amount of power. Bloom Energy notes that data center leaders believe that about 30% of all data center sites will utilize some onsite power as an energy source to supplement the electrical grid by 2030. Bloom CEO KR Sridhar referenced that in the company's recent first-quarter earnings report. "We expect demand to grow, driven by AI, data center needs, and ... Bloom is well-positioned to serve these markets," he said. This week investors are jumping on board as the future market for Bloom's onsite fuel cells continues to expand. Should you invest $1,000 in Bloom Energy right now? Before you buy stock in Bloom Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bloom Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor 's total average return is967% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 12, 2025
