Alternative energy sources are expected to dominate the market within the next 50 years. While oil and traditional hydrocarbons are still in wide utilization today, it makes sense to invest in a future where clean energy will be driving the market. Bloom Energy Corp. (NYSE: BE) is an affordable stock option that has plenty of short and long-term growth potential.

Bloom supplies on-site power generators for companies that want to minimize their environmental footprints. It uses an innovative process that converts natural gas and biogas into electricity using an electrochemical process. The company is based in California and provides electricity solutions to major companies like Wal-Mart, Yahoo, eBay, Google, and Samsung.

Strong fiscal growth over the last three years has increased interest in this stock. Revenue in the previous fiscal year was up 97.35%, for a final result of $742.04 million. The 2018 fiscal year was the first time that the company reported positive gross income growth. It operates with a gross profit margin of 15.02%.

Because this company uses some traditional fuel sources (such as natural gas), it is seen as a viable gateway to a clean energy future. Continued adoption of its generation technologies should improve earnings and revenue growth in the coming quarters. In the short term, it is expected that the stock will exceed $11.00 per share, creating a moderate upside for new investors. Long term, it has the potential to become one of the most viable clean energy companies in the American market, and its bargain stock makes it worth a closer look for any alternative investor.

Key Data:

  • 1 Year Price Growth: 38%
  • YTD Price Growth: 00%
  • 3 Month Price Growth: 00%

BE 7 Day Growth Chart

Bloom Energy Stock Chart