Is Bloom Energy Stock a Buy?
Fuel cell maker Bloom Energy (NYSE: BE) is entering the hydrogen market through two new offerings. Its stock was up 67% in October. Let's take a closer look at what is fueling enthusiasm in this clean energy company.
Bloom Energy is in the right market at the right time. The clean energy company offers a range of products across markets. Its energy servers provide utility grid alternatives to commercial and industrial customers. These are primarily used as back-up equipment and to supplement power from the grid.
Fuel cells in Bloom Energy's servers use solid-oxide fuel cell technology. A key benefit of this technology is its lower costs, compared to other technologies, such as the proton-exchange membrane (PEM) fuel cells. On the flip side, solid-oxide fuel cells aren't as quick to start or stop and are therefore not ideal for transport applications. But they make more economic sense than PEM cells for stationary base load generation.
Source Fool.com
