5 Best Renewable Energy Stocks to Buy According to Billionaires

2. Bloom Energy Corporation (NYSE:BE)

Number of Billionaire Holders: 21

Bloom Energy Corporation (NYSE:BE) designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally

On June 1, UBS reaffirmed its ‘Buy’ rating on Bloom Energy Corporation (NYSE:BE) and assigned the stock a price target of $322, indicating an upside of over 10% from the current levels.

The share price of Bloom Energy Corporation (NYSE:BE) has more than doubled over the last couple of months. The company received widespread investor attention in April when it struck an expanded deal with Oracle to supply as much as 2.8 gigawatts of fuel-cell power for the software company’s data centers.

Bloom Energy further received a boost when it crushed Wall Street estimates in its first quarter report, topping estimates in revenue, margins, and profits. The strong performance was driven by the rising demand for digital power as part of the ongoing artificial intelligence boom. .

Moreover, given the impressive start to the year, Bloom Energy Corporation (NYSE:BE) raised its guidance for FY 2026. The company is now forecasting adjusted earnings of between $1.85 to $2.25 per share, up from its previous range of $1.33 to $1.48. Moreover, it boosted its revenue target range for the year from $3.1 billion – $3.3 billion to $3.4 billion – $3.8 billion, reflecting a robust growth of 80% at the midpoint compared to last year.