Is BE a good stock to buy? We came across a bullish thesis on Bloom Energy Corporation on Darius Dark Investing’s Substack. In this article, we will summarize the bulls’ thesis on BE. Bloom Energy Corporation’s share was trading at $302.40 as of May 26th. BE’s trailing and forward P/E were 1.71k and 147.06 respectively according to Yahoo Finance.
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A Bloom Energy power generation system. Photo from Bloom Energy website
Bloom Energy Corporation (BE) is emerging as one of the largest beneficiaries of the accelerating AI infrastructure buildout and the growing inability of the U.S. power grid to support hyperscale data center demand. The company has commercialized solid oxide fuel cell technology that enables large data centers to generate electricity onsite without relying on congested utility grids, creating a major competitive advantage as hyperscalers race to secure power capacity.
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Bloom Energy’s fuel cells operate with roughly 60% electrical efficiency, significantly above traditional gas turbines, while also offering lower emissions, smaller physical footprints, and superior reliability through modular architecture. The technology’s ability to deliver power rapidly has become increasingly valuable, with deployments completed in as little as 55 days compared to multi-year utility interconnection timelines. The investment thesis is supported by an estimated 35-gigawatt energy gap emerging by 2030 as AI inference workloads force data centers closer to major population hubs where grid capacity is already constrained.
Bloom Energy currently holds a backlog of approximately $20 billion and is increasingly being viewed not as a cyclical hardware manufacturer, but as a critical infrastructure provider with substantial recurring service revenue potential. The company’s transformation was reinforced by major agreements including a $5 billion partnership with Brookfield Asset Management and a $2.65 billion deal with American Electric Power tied to the massive Cheyenne AI Factory project.
With onsite power expected to become the primary energy source for 30% of data centers by decade-end, Bloom Energy appears well positioned for sustained long-term growth and further upside as the market increasingly recognizes the strategic importance of its technology.
Previously, we covered a bullish thesis on Plug Power Inc. (PLUG) by Tiny Stock Ninja in May 2025, which highlighted the company’s expanding hydrogen production capacity, improving gross margins, and long-term positioning in the green hydrogen economy despite execution and liquidity risks. PLUG’s stock price has appreciated by approximately 392.30% since our coverage. Darius Dark Investing shares a similar view but emphasizes Bloom Energy Corporation’s (BE) role in solving AI-driven grid constraints through onsite fuel cell power generation.