Bloom Energy: Up 136% This Year -- Is There Still Room to Run?

Bloom Energy, a clean energy company specializing in solid oxide fuel cell systems for data centers, has surged 136% in 2026 driven by strong AI infrastructure demand. The company projects revenue to nearly double to $3.9-4.2 billion in 2026 and triple by 2028, with a $20 billion backlog. However, at a 280x trailing earnings valuation, the stock is expensive and assumes years of flawless execution, making it suitable only for volatility-tolerant investors.