5 Alternative Energy Stocks to Buy Amid Energy Crisis in Europe

4. Bloom Energy Corporation (NYSE:BE)

Number of Hedge Fund Holders: 24

Bloom Energy Corporation (NYSE:BE) designs and manufactures green solid-oxide fuel cell systems for on-site power generation in the United States and European markets. The company provides combustion-free energy solutions. As of September 5, Bloom Energy Corporation (NYSE:BE) has gained 11.02% over the past six months.

Wall Street analysts see upside to Bloom Energy Corporation (NYSE:BE) and see the stock capturing more market share in Europe. On August 19, Susquehanna analyst Biju Perincheril raised his price target on Bloom Energy Corporation (NYSE:BE) to $35 from $30 and maintained a Positive rating on the shares. On August 25, BofA analyst Julien Dumoulin-Smith resumed coverage of Bloom Energy Corporation (NYSE:BE) with a Buy rating and reiterated his price target of $34 on the shares.

At the end of Q2 2022, 24 hedge funds disclosed ownership of stakes in Bloom Energy Corporation (NYSE:BE). The total value of these stakes amounted to $73.4 million.

As of June 30, Marshall Wace LLP owns roughly 1 million shares of Bloom Energy Corporation (NYSE:BE) and is the largest shareholder in the company. The fund’s stakes are valued at $17 million.