Is Bloom Energy Stock a Buy?
Bloom Energy (NYSE: BE) has been a leader in the hydrogen energy business for years, but it hasn't gotten nearly the attention of some of its more vocal rivals. Plug Power (NASDAQ: PLUG), in particular, was a market darling at a time when Bloom could barely get investors' attention.
That has changed recently as Bloom Energy slowly but surely grows revenue and gets closer to profitability.
Most of Bloom Energy's sales are for fuel cells that go into commercial or utility-scale applications. The lead times are long and demands are high for the technology. So, this isn't a company that's going to grow revenue by 50% or more per year. It's a slow and steady march to progress -- and that's exactly what we see in the financials.
Source Fool.com
