Powering the Future: Why These 5 Energy & Utility Stocks Are on Fire in April

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1. Bloom Energy Corporation (NYSE:BE)

Share Price Gains Between Apr. 1 – Apr. 27: 77.18%

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. Bloom’s Energy Server generates power onsite, converting fuels like natural gas, biogas, and hydrogen into electricity without combustion.

Bloom Energy Corporation (NYSE:BE) skyrocketed this month after the company expanded its partnership with Oracle, with the tech giant set to procure up to 2.8 GW of Bloom’s fuel cell systems to support its AI data center buildout. As part of the deal, an initial 1.2 GW of capacity has already been contracted, with deployment underway and continuing into the next year. Oracle later announced on April 27 that it will utilize Bloom Energy’s fuel cells to fully power the planned multi-billion-dollar Project Jupiter AI data center campus in New Mexico. It needs mentioning that Oracle also holds a warrant to purchase $400 million of the fuel cell power company’s stock.

The deal with a hyperscaler pushed several major analyst firms to bump up their respective price targets or outright upgrade Bloom Energy Corporation (NYSE:BE) this month, further bolstering investor confidence.

While we acknowledge the potential of BE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BE and that has 100x upside potential, check out our report about the cheapest AI stock.

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