5 Best Energy Storage Stocks to Buy According to Hedge Funds

3. Bloom Energy Corporation (NYSE:BE)

Number of Hedge Funds Holding: 64

Stock Upside: 9.69%

Bloom Energy Corporation (NYSE:BE) is one of the best energy storage stocks to buy according to hedge funds. On March 31, Baird analyst Ben Kallo reiterated an Outperform rating and a $172 price target on Bloom Energy Corporation (NYSE:BE) following the company’s 2025 proxy filing. The filing revealed that Bloom had exceeded the high end of its annual performance targets across key financial metrics, noted Kallo.

The filing showed that Bloom posted $2.02 billion in total revenue in 2025, which is well above the $1.75 billion targeted. Non-GAAP operating income came in at $221 million, also surpassing the $180 million target, the analyst noted.

The analyst noted that the blowout 2025 results came on the back of several wins. For starters, Bloom met all three of its key strategic objectives, including hitting specified bookings in megawatts, securing large data center wins, and achieving 70% of deployable bookings to sustain forward product revenue growth. These milestones were tied to the compensation targets of its Chief Commercial Officer.

Another win, which was made possible by Bloom using C3.ai technology in a 2024 pilot program to extend its stack lifespan, was that the company achieved a 20% increase in stack lifespan against a 10% target. As a result, the company is now rolling out that improvement across its entire fleet of energy servers.

Bloom Energy Corporation (NYSE:BE) is an energy technology company. It designs and manufactures solid oxide fuel cell systems for on-site power generation. The company is also involved in the broader energy storage ecosystem through its development of hydrogen-based solutions, including electrolyzers that can produce hydrogen using excess renewable energy.