Is Bloom Energy a good stock to buy?

The company's average rating score is 2.71, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings. According to analysts' consensus price target of $27.68, Bloom Energy has a forecasted upside of 83.8% from its current price of $15.06. Bloom Energy has only been the subject of 3 research reports in the past 90 days.

What does Bloom Energy do?

Bloom Energy primarily manufactures and markets solid oxide fuel cells, electrolyzers, and hydrogen fuel cells. Its flagship product, the Bloom Energy Server, uses natural gas or biogas as fuel to generate clean electricity on-site for various customers, including businesses, data centers, government facilities, and industrial operations.

Will Bloom Energy grow its revenue in 2022?

Together with its electrolyzers, Bloom Energy's fuel cells offer a complete solution to customers' power needs. In 2022, the company expects to grow its revenue by around 16%. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

Does Bloom Energy have an edge over the competition?

The company believes that it has an edge over the competition in this segment as its costs of input energy required are lower than that of others. Overall, Bloom Energy is targeting the market using a practical approach with products that are in demand right now, rather than focusing only on hydrogen fuel cells.