This Unstoppable Onsite Power Stock Is Quietly Solving AI's Biggest Bottleneck

Bloom Energy, a hydrogen fuel cell manufacturer, is positioned to benefit from AI's explosive power demands. The company's backlog reached $20 billion at the start of 2026, with $6 billion in fuel cell orders (up 2.5x year-over-year) and $14 billion in long-term service contracts. However, the stock has surged over 1,000% in the past year with a concerning 29x price-to-sales ratio and 134x forward P/E, suggesting significant valuation risk despite strong fundamentals.