Up 228% in the Past Year, Bloom Energy Expands Manufacturing Capacity

It took Bloom Energy (BE) 21 years to reach its first $1 billion year, a milestone that the company hit in 2022. Over the last three years, Bloom Energy has doubled its revenue and is on track to surpass $4 billion in sales this year. Valued at a market capitalization of roughly $85 billion, BE stock has climbed 232% year-to-date (YTD), 228% in the last 12 months, and has returned a monstrous 2,500% in the last three years.

Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel-cell systems for on-site power generation. Called the Bloom Energy Server, the company's energy server platform converts fuel like natural gas, biogas, and hydrogen into electricity through a non-combustion electrochemical process. The company also offers the Bloom Electrolyzer to produce clean hydrogen. Bloom Energy sells its products through direct and indirect sales channels to utilities, data centers, retail, healthcare, education, telecom, manufacturing, and other industries.