20 Worst Performing AI Stocks of Last Week

3. Bloom Energy Corporation (NYSE:BE)

Weekly Decline: 17.5%

Number of Hedge Fund Holders: 29

Bloom Energy Corporation (NYSE:BE) is another energy stock on our list and yet another hidden AI stock investors have been considering recently. It offers solid-oxide fuel cell systems for on-site power generation.

Like Vistra, Bloom Energy Corporation (NYSE:BE) is poised to benefit from rising energy demands from the rapidly growing AI sector. To meet these demands, the stock has recently partnered with CoreWeave, Inc., through which the energy company will deploy its proprietary fuel cells to generate on-site power for CoreWeave at a high-performance data center in Illinois.

This connection to the AI space could be one factor explaining Bloom Energy Corporation’s (NYSE:BE) recent fall. However, the bigger issue for investors is analyst opinions on the company. Jefferies analyst Lloyd Byrne specifically has recently called Bloom Energy Corporation (NYSE:BE) out for offering minimal transparency to its investors in terms of a deal to sell 500 MW of its fuel-cell boxes to Korea’s SK Group. The uncertainty surrounding this deal relates to how it will progress, and company management hasn’t done much to dispel this uncertainty.

There were 29 hedge funds long Bloom Energy Corporation (NYSE:BE) in the second quarter, with a total stake value of $190.8 million.