U.S. Power Gap Projected to Reach 19 GW by 2028
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Yahoo Finance
- Power Gap Warning: HPE CEO Antonio Neri highlighted at the 2026 Discover Summit that the U.S. is projected to face a 19 GW power gap by 2028, enough to power approximately 16 million homes, emphasizing the urgency of electricity supply, particularly as data centers could account for nearly half of U.S. electricity demand.
- Bloom Energy Contract Growth: Bloom Energy has secured approximately $7.65 billion in data center contracts in a short period, demonstrating strong demand in the rapidly growing power market, especially as its modular fuel cell systems can be deployed in about 90 days, significantly reducing power supply timelines.
- Strong Financial Performance: Bloom Energy's Q1 revenue surged 130% year-over-year to $751 million, with product revenue soaring 208%, while the company raised its full-year 2026 guidance to $3.4 billion to $3.8 billion, showcasing its market potential amid the power shortage backdrop.
- Strategic Partnership Agreements: Bloom Energy expanded its service agreement with Oracle to support up to 2.8 GW of capacity, with 1.2 GW already contracted, and signed a 20-year, $2.65 billion agreement with American Electric Power, further solidifying its market position in AI infrastructure.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BE?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 309.180
Low
71.00
Averages
142.89
High
184.00
Current: 309.180
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.
Bloom Energy's Stock Surge and Growth Opportunities
- Stock Surge: Bloom Energy's stock has surged since last summer, with an investment of $1,000 last year now worth approximately $13,310, reflecting its strong performance in the clean energy market.
- Significant Revenue Growth: The company achieved a 130% year-over-year growth last quarter and secured a monumental $5 billion deal with Brookfield Asset Management, indicating robust demand in the AI infrastructure sector.
- Large Order Backlog: Bloom currently has a backlog of $20 billion in orders, including its partnership with Oracle on Project Jupiter, showcasing its strong potential in future markets.
- Optimistic Market Outlook: According to Bloom's 2026 Power Report, electricity demand for data centers is expected to double to 150 gigawatts over the next three years, further solidifying its position in the rapidly growing clean energy market.
See More
U.S. Power Gap Projected to Reach 19 GW by 2028
- Power Gap Warning: HPE CEO Antonio Neri highlighted at the 2026 Discover Summit that the U.S. is projected to face a 19 GW power gap by 2028, enough to power approximately 16 million homes, emphasizing the urgency of electricity supply, particularly as data centers could account for nearly half of U.S. electricity demand.
- Bloom Energy Contract Growth: Bloom Energy has secured approximately $7.65 billion in data center contracts in a short period, demonstrating strong demand in the rapidly growing power market, especially as its modular fuel cell systems can be deployed in about 90 days, significantly reducing power supply timelines.
- Strong Financial Performance: Bloom Energy's Q1 revenue surged 130% year-over-year to $751 million, with product revenue soaring 208%, while the company raised its full-year 2026 guidance to $3.4 billion to $3.8 billion, showcasing its market potential amid the power shortage backdrop.
- Strategic Partnership Agreements: Bloom Energy expanded its service agreement with Oracle to support up to 2.8 GW of capacity, with 1.2 GW already contracted, and signed a 20-year, $2.65 billion agreement with American Electric Power, further solidifying its market position in AI infrastructure.
See More
Bloom Energy Stock Soars to New Heights
- Significant Investment Returns: Bloom Energy's stock has surged approximately 1230% over the past year, turning a $1,000 investment into about $13,310 today, highlighting its strong performance and appeal in the data center power market.
- Robust Revenue Growth: The company achieved around 130% year-over-year growth last quarter, driven by major deals related to AI infrastructure, including a $5 billion agreement with Brookfield Asset Management, showcasing its competitiveness in a rapidly evolving market.
- Large Order Backlog: Bloom currently has a backlog of approximately $20 billion, including partnerships with Nebius and Oracle, indicating substantial growth potential in the coming years to meet increasing electricity demands.
- Optimistic Market Outlook: According to Bloom's projections, electricity requirements for data centers could double to about 150 gigawatts over the next three years, significantly exceeding previous forecasts from two years ago, underscoring the strategic importance and market opportunities for the company in the clean energy sector.
See More
Hydrogen Market Sees New Opportunities
- Bloom Energy Financials: In Q1, Bloom Energy reported $751 million in solid oxide fuel cell revenue, achieving a non-GAAP profit of $0.44 per share, significantly improving from the previous year and demonstrating the viability of its business model.
- Hydrogen Market Outlook: The hydrogen market is projected to reach $600 billion by 2035, up from $280 billion in 2025, with Bloom Energy's success providing new market opportunities for Plug Power and attracting investor interest.
- Plug Power's Technical Limitations: While Plug Power's hydrogen fuel cell technology is applied in industrial forklifts, it is limited to hydrogen, whereas Bloom Energy's systems can utilize hydrogen, natural gas, or biogas, showcasing greater flexibility and market adaptability.
- Analyst Expectations: Although Plug Power remains unprofitable, analysts expect its revenue to grow 15% this year and accelerate to 18% next year, with a current price target of $3.69, reflecting a 40% upside from its present price and indicating optimism about its future financial progress.
See More
Bloom Energy's Hydrogen Technology Achieves Long-Awaited Success
- Significant Revenue Growth: In Q1 2023, Bloom Energy reported $751 million in solid oxide fuel cell revenue and a non-GAAP profit of $0.44 per share, marking a substantial improvement from the previous year and demonstrating the viability of its business model amid rising market demand.
- Broad Market Potential: Analysts project that the hydrogen market will reach $600 billion by 2035, with Bloom Energy's success opening new opportunities for companies like Plug Power, which still faces profitability challenges.
- Clear Technological Advantage: Bloom's solid oxide fuel cells can utilize hydrogen, natural gas, or biogas as fuel, enhancing its competitiveness in energy-intensive sectors such as AI data centers and driving mainstream adoption of hydrogen power.
- Increased Investor Attention: While Plug Power's profitability is still years away, analysts' expectation of a 15% revenue growth in 2023 reflects growing confidence in hydrogen technology, with a price target of $3.69 indicating a potential 40% upside from current levels.
See More
Seeking Alpha Quant Ratings Upgrades and Downgrades Analysis
- Quant Rating Dynamics: Seeking Alpha's Quant Ratings system provides investors with new strategies to track market momentum and risks by analyzing financial statements, stock performance, and analysts' future revenue and earnings estimates, helping to identify potential bullish or bearish signals.
- Relative Sector Ranking: The system ranks stocks relative to their sectors, allowing users to see strengths and weaknesses across metrics such as value, growth, profitability, momentum, and EPS revisions, enhancing the scientific basis for investment decisions.
- Investor Tool: Seeking Alpha's Quant Ratings serve as a comprehensive tool for subscribers, helping them identify investment opportunities and risks in a changing market environment, thereby optimizing portfolios and increasing potential returns.
- Market Sentiment Indicators: By utilizing Quant Ratings, investors can capture shifts in market sentiment earlier, leveraging these early indicators to adjust investment strategies in response to potential market volatility and trend changes.
See More
Bloom Energy's Stock Surge and Growth Opportunities
- Stock Surge: Bloom Energy's stock has surged since last summer, with an investment of $1,000 last year now worth approximately $13,310, reflecting its strong performance in the clean energy market.
- Significant Revenue Growth: The company achieved a 130% year-over-year growth last quarter and secured a monumental $5 billion deal with Brookfield Asset Management, indicating robust demand in the AI infrastructure sector.
- Large Order Backlog: Bloom currently has a backlog of $20 billion in orders, including its partnership with Oracle on Project Jupiter, showcasing its strong potential in future markets.
- Optimistic Market Outlook: According to Bloom's 2026 Power Report, electricity demand for data centers is expected to double to 150 gigawatts over the next three years, further solidifying its position in the rapidly growing clean energy market.
See More
U.S. Power Gap Projected to Reach 19 GW by 2028
- Power Gap Warning: HPE CEO Antonio Neri highlighted at the 2026 Discover Summit that the U.S. is projected to face a 19 GW power gap by 2028, enough to power approximately 16 million homes, emphasizing the urgency of electricity supply, particularly as data centers could account for nearly half of U.S. electricity demand.
- Bloom Energy Contract Growth: Bloom Energy has secured approximately $7.65 billion in data center contracts in a short period, demonstrating strong demand in the rapidly growing power market, especially as its modular fuel cell systems can be deployed in about 90 days, significantly reducing power supply timelines.
- Strong Financial Performance: Bloom Energy's Q1 revenue surged 130% year-over-year to $751 million, with product revenue soaring 208%, while the company raised its full-year 2026 guidance to $3.4 billion to $3.8 billion, showcasing its market potential amid the power shortage backdrop.
- Strategic Partnership Agreements: Bloom Energy expanded its service agreement with Oracle to support up to 2.8 GW of capacity, with 1.2 GW already contracted, and signed a 20-year, $2.65 billion agreement with American Electric Power, further solidifying its market position in AI infrastructure.
See More
Bloom Energy Stock Soars to New Heights
- Significant Investment Returns: Bloom Energy's stock has surged approximately 1230% over the past year, turning a $1,000 investment into about $13,310 today, highlighting its strong performance and appeal in the data center power market.
- Robust Revenue Growth: The company achieved around 130% year-over-year growth last quarter, driven by major deals related to AI infrastructure, including a $5 billion agreement with Brookfield Asset Management, showcasing its competitiveness in a rapidly evolving market.
- Large Order Backlog: Bloom currently has a backlog of approximately $20 billion, including partnerships with Nebius and Oracle, indicating substantial growth potential in the coming years to meet increasing electricity demands.
- Optimistic Market Outlook: According to Bloom's projections, electricity requirements for data centers could double to about 150 gigawatts over the next three years, significantly exceeding previous forecasts from two years ago, underscoring the strategic importance and market opportunities for the company in the clean energy sector.
See More
Hydrogen Market Sees New Opportunities
- Bloom Energy Financials: In Q1, Bloom Energy reported $751 million in solid oxide fuel cell revenue, achieving a non-GAAP profit of $0.44 per share, significantly improving from the previous year and demonstrating the viability of its business model.
- Hydrogen Market Outlook: The hydrogen market is projected to reach $600 billion by 2035, up from $280 billion in 2025, with Bloom Energy's success providing new market opportunities for Plug Power and attracting investor interest.
- Plug Power's Technical Limitations: While Plug Power's hydrogen fuel cell technology is applied in industrial forklifts, it is limited to hydrogen, whereas Bloom Energy's systems can utilize hydrogen, natural gas, or biogas, showcasing greater flexibility and market adaptability.
- Analyst Expectations: Although Plug Power remains unprofitable, analysts expect its revenue to grow 15% this year and accelerate to 18% next year, with a current price target of $3.69, reflecting a 40% upside from its present price and indicating optimism about its future financial progress.
See More
Bloom Energy's Hydrogen Technology Achieves Long-Awaited Success
- Significant Revenue Growth: In Q1 2023, Bloom Energy reported $751 million in solid oxide fuel cell revenue and a non-GAAP profit of $0.44 per share, marking a substantial improvement from the previous year and demonstrating the viability of its business model amid rising market demand.
- Broad Market Potential: Analysts project that the hydrogen market will reach $600 billion by 2035, with Bloom Energy's success opening new opportunities for companies like Plug Power, which still faces profitability challenges.
- Clear Technological Advantage: Bloom's solid oxide fuel cells can utilize hydrogen, natural gas, or biogas as fuel, enhancing its competitiveness in energy-intensive sectors such as AI data centers and driving mainstream adoption of hydrogen power.
- Increased Investor Attention: While Plug Power's profitability is still years away, analysts' expectation of a 15% revenue growth in 2023 reflects growing confidence in hydrogen technology, with a price target of $3.69 indicating a potential 40% upside from current levels.
See More
Seeking Alpha Quant Ratings Upgrades and Downgrades Analysis
- Quant Rating Dynamics: Seeking Alpha's Quant Ratings system provides investors with new strategies to track market momentum and risks by analyzing financial statements, stock performance, and analysts' future revenue and earnings estimates, helping to identify potential bullish or bearish signals.
- Relative Sector Ranking: The system ranks stocks relative to their sectors, allowing users to see strengths and weaknesses across metrics such as value, growth, profitability, momentum, and EPS revisions, enhancing the scientific basis for investment decisions.
- Investor Tool: Seeking Alpha's Quant Ratings serve as a comprehensive tool for subscribers, helping them identify investment opportunities and risks in a changing market environment, thereby optimizing portfolios and increasing potential returns.
- Market Sentiment Indicators: By utilizing Quant Ratings, investors can capture shifts in market sentiment earlier, leveraging these early indicators to adjust investment strategies in response to potential market volatility and trend changes.
See More
