$Bloom Energy(BE.US) Has been range-bound for over a month, is it about to move?
After pulling back from the $180 high in February, it has been grinding between $130–$160 for almost six weeks. The support level is holding quite firm, and capital hasn't left. The logic is still there: AI data centers need power, and $Bloom Energy(BE.US)'s fuel cells can be deployed directly, bypassing the grid. The order backlog has already piled up to $20B.
Just waiting for a catalyst: the Q1 earnings report on April 29th. Beat expectations and it'll take off; miss and it'll keep grinding. The high valuation is a real risk; a 165x P/E ratio is no joke, so don't go too heavy on the position. Are you guys in?
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