Entering text into the input field will update the search result below

Bloom Energy - Amazing Run, Time To Sell

Jul. 15, 2020 1:32 PM ETBloom Energy Corporation (BE)FCEL, PLUG, CGRN, NKLA
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Seeking Alpha Analyst Since 2019

Former WSJ and II ranked sell-side analyst covering special situations and TMT.


  • BE is up nearly 30% after the alternative-energy company said it is making inroads into the commercial hydrogen-fuel market.
  • The Company is making hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen, with the first cells expected to be sold in South Korea next year through a partnership.
  • With the stock up 300% recently, we believe BE is fully-valued and recommend investors take profits, noting that the BE has a substantial convert note @ $11.25 that needs refinancing.
  • Trading at a $2.8BN valuation or more than 3x revenues, we see downside to BE.  Accordingly, we are downgrading the stock to SELL from STRONG BUY pending potential financing.

BE Cap Table @ $17.50


Analyst's Disclosure: I am/we are short BE.

We intend to provide additional commentary in our ongoing coverage of BE.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.