Is BE a good stock to buy now? We came across a bullish thesis on Bloom Energy Corporation on R. Dennis’s Substack by OppCost. In this article, we will summarize the bulls’ thesis on BE. Bloom Energy Corporation’s share was trading at $159.21 as of March 11th. BE’s trailing and forward P/E were 1.71k and 114.94 respectively according to Yahoo Finance.
A Bloom Energy power generation system. Photo from Bloom Energy website
Bloom Energy Corporation designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. BE is drawing significant attention from sophisticated investors as a massive options trade signals strong conviction in its growth trajectory. Recently, a block of 5,000 June $260 call contracts was purchased at $17 each, representing an $8.5 million bet on a stock currently trading near $155.
This bold move underscores a high-conviction view that Bloom’s technology is entering a critical growth phase, particularly in the data center and AI power markets. The company’s Q4 earnings reinforced this narrative, with EPS of $0.45 beating expectations of $0.25 and FY2026 guidance exceeding forecasts. A surging backlog, up 140%, reflects demand from hyperscale data centers confronting grid limitations and turning to Bloom’s solid-oxide fuel cells to power large-scale AI clusters.
Institutional activity further supports a re-rating thesis. Graticule Asia Macro Advisors recently allocated 92% of its portfolio to Bloom, signaling insider confidence that the company is at the forefront of a structural shift in energy supply for AI-intensive operations. The current market appears to underestimate both the pace and magnitude of this demand surge. The aggressive call purchases suggest that investors anticipate supply constraints and a potential electricity squeeze, driving significant upside to $260, implying a near 70% increase from current levels.
Even without such a dramatic rally, Bloom offers a compelling growth story as the AI-driven power gap becomes increasingly evident. With a combination of strong earnings performance, a rapidly expanding backlog, and growing institutional support, Bloom is positioned for a strategic re-rating, making it a standout opportunity for investors willing to capitalize on the structural transformation in clean energy and data center power.
Previously, we covered a bullish thesis on Plug Power Inc. (PLUG) by Tiny Stock Ninja in May 2025, which highlighted hydrogen production expansion, a $21 billion European electrolyzer pipeline, improved gross margins, and strong liquidity. PLUG’s stock price has appreciated by approximately 185.89% since our coverage. OppCost shares a similar view but emphasizes Bloom Energy’s AI-driven data center demand, institutional backing, and surging backlog, reflecting a technology-led growth opportunity.
Bloom Energy Corporation is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 88 hedge fund portfolios held BE at the end of the fourth quarter which was 64 in the previous quarter. While we acknowledge the risk and potential of BE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BE and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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Disclosure: None.
