The author argues Bloom Energy (BE) will benefit most from AI’s power shortage because its solid oxide fuel cells can bring data centers online in about three months without grid connections, unlike utility hookups that can take years. Bloom crossed $1 billion in revenue in the second quarter, up 166% year over year, and holds about $2.7 billion in cash. Management raised full-year revenue guidance to $3.9 billion–$4.2 billion, nearly double 2025 levels. Shares have risen more than 150% year to date and trade at 357 times trailing earnings, which the author believes is justified by the improving balance sheet and steady demand for fast power.
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