BloomBloom Energy Corp. (NYSE: BE) is a clean energy company that develops solid oxide fuel cells for small and mid-scale energy production. Bloom’s devices are installed on-site and develop electricity without combustion using natural gas and biogas. Focused on an energy-efficient and low-emissions future, this company will fit right into any bargain-focused alternative portfolio. Bloom’s stock has rallied in 2020, gaining more than 100% in the year so far.

This company reported Q3 earnings at the end of October, with adjusted losses of -$0.04 per share. Supply strain constraints related to the Coronavirus were a factor in the quarter. This outperformed the Wall Street consensus of -$0.14. The company generated $200.3 million in the quarter, down from the consensus of $222.9 million.

Despite losing money in the quarter, the company is on track to improve its bottom line. Its operating margin improved from 2.7% to 7.7% year over year. The company is EBITDA positive and it has refinanced its debt at lower rates. As the demand for affordable clean energy increases, this stock will only become more valuable to investors. With a target price of $18.00 and a recent peak of $23.88, there’s a likely short-term upside for investors who buy shares today.

Key Data:

  • 1 Year Price Growth: 32%
  • YTD Price Growth: 90%
  • 3 Month Price Growth: 33%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.