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Bloom Energy (BE) reported a significant revenue increase of 57% year-over-year, reaching $519 million, alongside a gross margin expansion from 23.8% to 29.2%. This performance was highlighted in their recent earnings report.
In addition, Bloom Energy announced a $5 billion strategic partnership with Brookfield Asset Management to leverage its solid oxide fuel cell technology for AI data centers, addressing the growing energy demands as data center construction surges.
The stock has seen a remarkable rise of 250% in the past three months and over 500% year-to-date, currently holding a Zacks Rank #2 (Buy). Sales are projected to grow 20% this year and 29% next year, with earnings per share expected to increase by 28% annually over the next three to five years.
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