These 5 Renewable Energy Stocks Can Benefit as Europe Braces for Harsh Winter

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In this article, we discuss 5 renewable energy stocks that can benefit as Europe braces for harsh winter. If you want to see more stocks in this selection, check out These 10 Renewable Energy Stocks Can Benefit as Europe Braces for Harsh Winter

5. Bloom Energy Corporation (NYSE:BE)

Number of Hedge Fund Holders: 24

Bloom Energy Corporation (NYSE:BE) is a manufacturer of solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company serves data centers, healthcare manufacturing facilities, biotechnology facilities, grocery stores, hardware stores, banks, telecoms, and other critical infrastructure applications. In late June, Bloom Energy Corporation (NYSE:BE) reported that its fuel cell platform now meets Conformité Européenne requirements and the company can ship to the European Union, catering to the growing European market for fuel cells and clean energy. 

On August 25, BofA analyst Julien Dumoulin-Smith resumed coverage of Bloom Energy Corporation (NYSE:BE) with a Buy rating and an unchanged price target of $34 after the company announced a 15 million share equity raise. He continues to see momentum into year end at Bloom Energy Corporation (NYSE:BE) and said that “many opportunities” are not factored in the current share price.

According to Insider Monkey’s data, Bloom Energy Corporation (NYSE:BE) was part of 24 hedge fund portfolios at the end of Q2 2022, compared to 29 funds in the last quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is a prominent stakeholder of the company, with more than 1 million shares worth $17 million. 

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