10 Best Climate Change Stocks to Buy Now

5. Bloom Energy Corporation (NYSE:BE)

Number of Hedge Fund Holders: 42

Bloom Energy Corporation (NYSE:BE) specializes in the design, manufacture, and sale of solid oxide fuel cell systems, known as Bloom Energy Servers, which provide on-site power generation for various sectors, including data centers, healthcare, and retail. These systems offer reliable, clean, and cost-effective energy solutions.

In Q4 2024, Bloom Energy Corporation (NYSE:BE) reported revenues of $462.6 million, surpassing market expectations and marking a 24% year-over-year increase. This growth was primarily driven by heightened demand in the data center sector, particularly from companies expanding their AI capabilities. The company’s adjusted EBITDA stood at $62 million for the quarter.

Recently, Bloom Energy Corporation (NYSE:BE) expanded its collaboration with Equinix, a global data center leader. This 10-year agreement involves deploying next-generation fuel cells across 19 data centers, enhancing on-site energy reliability and sustainability. The company has also partnered with Chart Industries to advance carbon capture solutions, aiming to reduce emissions from industrial and commercial operations.

The increasing energy demands of AI data centers present a significant opportunity for Bloom Energy Corporation (NYSE:BE), making it one of the best climate change stocks to buy now. Its fuel cell technology offers a decentralized power solution, addressing grid congestion issues that many AI companies face. Analysts project that the AI sector’s energy needs could reach $632 billion.