12 Best Hydrogen and Fuel Cell Stocks to Buy for 2025

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10. Bloom Energy Corporation (NYSE:BE)

Number of Hedge Fund Holders: 25

Bloom Energy Corporation (NYSE:BE) specializes in developing, manufacturing, and installing solid-oxide fuel cell systems for on-site power generation worldwide. Its flagship product, the Bloom Energy Server, leverages solid oxide technology to convert fuels such as natural gas and hydrogen into electricity without combustion, offering an efficient and low-emission energy solution.

On December 12, Baird reaffirmed its Outperform rating on Bloom Energy Corporation (NYSE:BE) and significantly raised the price target to $32 from $15. The update came after meetings with CFO Dan Berenbaum and VP of Investor Relations Michael Tierney, which left analysts optimistic about the company’s growth trajectory. Recent utility agreements, including a high-profile deal with AEP, have bolstered confidence in Bloom Energy’s ability to secure large-scale contracts, showcasing strong commercial momentum.

In its Q3 earnings report, Bloom Energy Corporation (NYSE:BE) posted revenues of $330 million and an EBITDA of $21 million. While results fell slightly below expectations, the company upheld its full-year revenue and gross margin forecasts. Highlights included securing three major orders, notably an 80-megawatt project in South Korea, and expanding manufacturing operations in Fremont to address growing demand.

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