Bloom Energy: Time To Buy As Clean Energy Leader Powers Into High Growth Phase

Nov. 13, 2022 6:46 AM ETBloom Energy Corporation (BE)14 Comments

Summary

  • Bloom Energy has boosted its cash levels from a recent secondary offering, which ensures that the company has sufficient liquidity to fund future growth.
  • The company continues to expand capacity to meet the future growth it expects as it meets its target of doubling 2021 capacity by 2022.
  • Management continues to reiterate 2022 full year guidance as it expects manufacturing ramp and higher domestic acceptances in the last quarter to enable margins to meet targets.
  • My 1-year target price is $32.60, implying 68% upside from current price levels.

A hydrogen pipeline illustrating the transformation of the energy sector towards to ecology, carbon neutral, secure and independent energy sources to replace natural gas. 3d rendering

Petmal

Investment thesis

I continue to see Bloom Energy (NYSE:BE) as one of the more promising green energy companies that continue to execute and exceed expectations, while demonstrating resilient growth in a difficult supply chain environment and pivoting to

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