Is Bloom Energy Stock a Buy Right Now?
Shares of Bloom Energy (NYSE: BE) have risen more than 700% over the past year. That's a very large change in a very short period of time. But it makes sense, given Bloom Energy's business, which makes solid oxide fuel cells. Over the past year, this clean energy company has become a story stock. It isn't the first time that this has happened.
Bloom Energy makes solid state power cells in a factory setting. Power cells can provide always-on energy that is used to supply customers that need uninterrupted power or a reliable backup for grid-supplied power from a utility. The range of applications spans from utilities to hospitals, and includes data centers. Notably, the company's power cells can be linked together to create larger energy sources.
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Source Fool.com
