#4 - Bloom Energy (NYSE:BE)
Another speculative play in the hydrogen sector is Bloom Energy (NYSE:BE). Bloom’s core business is hydrogen fuel cells that convert natural gas or biogas into electricity. Typically, the electrochemical process requires combustion, but Bloom’s process does not, which means about 50% to 60% less CO2 output. The company also claims its fuel cells have higher fuel efficiency.
Bloom Energy is attempting to tap hydrogen’s potential for industrial applications such as the maritime industry. Bloom is also focusing on developing its own carbon capture system. If successful, it would effectively take its CO2 output to zero since carbon would not leave the generator.
The company is not without its risks. Bloom has posted nearly 60% more revenue than its three major rivals combined over the last 12 months. However, the company is still not profitable. And its path to profit is being obstructed by interest expenses and high operational costs, including in the areas of marketing and research and development (R&D).
Nevertheless, the stock is up nearly 100% for the year. And as recently as early October, BE stock was up over 200%.
About Bloom Energy
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.
Read More - Current Price
- $22.81
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $17.17 (24.7% Downside)
