Bloom Energy Faces Competition Amid New Power Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2026
0mins
Source: NASDAQ.COM
Bloom Energy Corp's stock surged by 6.55% today, crossing above its 5-day SMA, reflecting positive market momentum.
However, the recent announcement of a significant power deal between Chevron and Microsoft has raised concerns about increased competition in the data center energy solutions market. This deal, which will utilize natural gas turbines for a West Texas project starting in 2028, suggests that Bloom Energy may face challenges in maintaining its market dominance, especially after its stock reached an all-time high earlier this year.
The implications of this deal could be substantial, as it indicates a shift in the energy landscape for data centers, potentially impacting Bloom Energy's future growth and investor confidence.
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Analyst Views on BE
Wall Street analysts forecast BE stock price to fall
19 Analyst Rating
8 Buy
9 Hold
2 Sell
Moderate Buy
Current: 295.050
Low
71.00
Averages
142.89
High
184.00
Current: 295.050
Low
71.00
Averages
142.89
High
184.00
About BE
Bloom Energy Corporation is engaged in stationary fuel cell power generation by market share. The Company provides distributed energy technology solutions to customers. The Company manufactures advanced and versatile fuel cell energy platforms, supporting the commercial availability of two products: the Bloom Energy Server for generating electricity and the Bloom Electrolyzer for producing hydrogen. With approximately 1.4 gigawatts (GW) of Energy Server systems deployed in more than 1,000 locations and nine countries. Its solid oxide fuel cell technology platform is the foundation for its Energy Server system and Bloom Electrolyzer. The Bloom Energy Server system is designed to deliver reliable, resilient, clean and affordable energy for utilities and organizations alike. Its Energy Server system is designed to deliver reliable electricity. The Bloom Electrolyzer is designed to provide hydrogen solutions based on the same solid oxide platform as its Energy Server systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Conference Call Details: Management will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day, lasting 60 minutes, aimed at providing investors with in-depth discussions on financial results and future outlook.
- Replay Access: Following the call, investors can access a replay by dialing 1-800-770-2030 (toll-free) or 1-609-800-9909, with the replay available for one week, ensuring key information is accessible to stakeholders.
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- Investment Choice Comparison: While Bloom Energy is a growth stock with a high price-to-sales ratio of 29x, Brookfield Renewable's ratio stands at 1.5x, indicating relative value in the current market, making it a more suitable option for a broader range of investors.
See More
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- SpaceX Stock Decline: Ahead of its inclusion in the Nasdaq-100, SpaceX shares have dropped, reflecting market concerns about its short-term performance, which may affect investor confidence in the company's long-term prospects.
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See More
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- Data Center Solutions: Bloom's solid-oxide fuel cell solutions provide reliable power for AI data centers, helping them detach from strained electrical grids to meet the growing computational demands, further solidifying its critical market position.
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See More
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- Earnings Release Announcement: Bloom Energy has announced that it will release its Q2 2026 financial results on July 28, 2026, after market close, reflecting the company's performance amid soaring energy demands.
- Conference Call Details: Management will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day, lasting 60 minutes, aimed at providing investors with in-depth discussions on financial results and future outlook.
- Replay Access: Following the call, investors can access a replay by dialing 1-800-770-2030 (toll-free) or 1-609-800-9909, with the replay available for one week, ensuring key information is accessible to stakeholders.
- Online Replay Platform: Bloom Energy's investor website will host a replay for one year, further enhancing information transparency between the company and investors, supporting its leadership position in the global energy market.
See More
AI Growth Fuels Demand for Clean Energy Solutions
- Surging Power Demand: The rapid growth of artificial intelligence has led to a significant increase in power demand, causing communities to resist the construction of new AI data centers, positioning Bloom Energy's hydrogen fuel cells as a timely solution with a projected product backlog of $6 billion by 2026.
- Long-Term Contract Benefits: Each new fuel cell from Bloom Energy comes with a long-term service contract, expanding revenue potential from $6 billion to a staggering $20 billion, highlighting its strong competitive edge in the clean energy market.
- Brookfield's Stable Income: Brookfield Renewable Partners boasts a diversified portfolio of clean energy assets and has secured long-term power contracts with Google and Microsoft, ensuring a reliable 4.6% yield and consistent income growth.
- Investor Choice Divergence: While Bloom Energy attracts high-risk investors as a growth stock, Brookfield Renewable appeals to those seeking stable income through reliable dividend growth, with its valuation appearing reasonable for long-term holding compared to Bloom Energy.
See More
Brookfield Renewable Partners: A Strong Investment Choice
- Hydrogen Technology Outlook: Bloom Energy's hydrogen fuel cell product backlog reached $6 billion at the start of 2026, a 2.5x year-over-year increase, indicating strong demand in the rapidly growing AI data center market, which is expected to drive future revenue growth for the company.
- Long-Term Contract Security: Brookfield Renewable Partners has secured long-term power contracts with AI clients like Google and Microsoft, ensuring a stable income stream that supports its impressive 4.6% yield, appealing to investors seeking reliable cash flow.
- Diversified Portfolio Advantage: Brookfield's clean energy assets span hydroelectric, solar, wind, and more, with geographical coverage across North America, South America, Europe, and Asia, enhancing its resilience against market fluctuations and ensuring long-term growth potential.
- Relative Valuation Appeal: Brookfield's price-to-sales ratio stands at 1.5x, in line with its five-year average, which, compared to Bloom Energy's lofty 29x ratio, highlights its relative value in the current market environment, making it suitable for long-term investors.
See More
AI Growth Fuels Demand for Clean Energy Solutions
- Surging Power Demand: The rapid growth of artificial intelligence has led to a significant increase in power demand, causing communities to resist the construction of new AI data centers, highlighting a critical challenge for the tech industry regarding reliable power supply.
- Bloom Energy's Opportunity: Bloom Energy's hydrogen fuel cell product backlog reached $6 billion at the start of 2026, a 2.5x year-over-year increase, with each fuel cell accompanied by long-term service contracts that expand total revenue potential to $20 billion, indicating strong growth prospects in the clean energy market.
- Brookfield Renewable's Strength: Brookfield Renewable boasts a diversified portfolio of clean energy assets and has secured long-term power supply contracts with Google and Microsoft, ensuring stable income and a high yield of 4.6%, making it appealing for income-focused investors seeking reliable returns.
- Investment Choice Comparison: While Bloom Energy is a growth stock with a high price-to-sales ratio of 29x, Brookfield Renewable's ratio stands at 1.5x, indicating relative value in the current market, making it a more suitable option for a broader range of investors.
See More
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- Positive Market Sentiment: The rise in AI stocks has bolstered investor optimism about future technological advancements, potentially attracting more capital into tech stocks and further driving market gains.
- SpaceX Stock Decline: Ahead of its inclusion in the Nasdaq-100, SpaceX shares have dropped, reflecting market concerns about its short-term performance, which may affect investor confidence in the company's long-term prospects.
- Nasdaq-100 Impact: The anticipation of SpaceX's inclusion in the Nasdaq-100 index could lead to stock price volatility, prompting investors to monitor the event's potential effects on market sentiment and company valuation.
See More
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- Strong Stock Performance: Bloom Energy's stock has shown remarkable performance in 2026, surging 9.3% in early trading today and over 240% year-to-date, reflecting strong market confidence in its future growth prospects.
- Partnership Expansion: The company has expanded its partnership with global asset management firm Brookfield, increasing project financing from $5 billion to $25 billion, which is expected to significantly enhance its market share and revenue potential.
- Data Center Solutions: Bloom's solid-oxide fuel cell solutions provide reliable power for AI data centers, helping them detach from strained electrical grids to meet the growing computational demands, further solidifying its critical market position.
- Future Revenue Expectations: With AI research giant Anthropics signing a long-term data center lease with TeraWulf expected to generate about $19 billion in revenue, investors are highly optimistic about Bloom's potential revenue explosion in the future.
See More
