Melius highlights Bloom Energy stock amid AI datacenter demand

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold hands back some gains as stronger dollar weighs; Iran conflict in spotlight Oil extends surge on concerns surrounding Strait of Hormuz closure Futures drop, oil prices climb amid Iran conflict - what’s moving markets Gold price surge after Iran attack could fade, Pepperstone says FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Melius highlights Bloom Energy stock amid AI datacenter demand By Analyst Ratings Published 03/03/2026, 07:25 AM Melius highlights Bloom Energy stock amid AI datacenter demand 0 BE 6.64% Investing.com - Melius Research notes Bloom Energy Corp. (NYSE:BE) is seeing a surge in fuel cell power demand driven by AI datacenters, with the market potentially underestimating natural gas consumption from this sector. The research firm says Bloom Energy , the leader in solid oxide fuel cells, has experienced a 2.5x increase in product backlog and a 1.5x increase in service backlog over the last year as hyperscalers seek power from multiple sources. The market has responded enthusiastically, with the stock surging 609% over the past year and posting a 91% gain year-to-date. According to InvestingPro data, six analysts have recently revised their earnings upwards for the upcoming period, reflecting growing confidence in the company’s AI datacenter opportunity. The fuel cells consume natural gas as their fuel source and convert gas into electricity through an electrochemical reaction rather than combustion. Melius notes fuel cell deliveries have shorter lead times than turbines, with time-to-delivery measured in months rather than years depending on size and configuration. This gives Bloom Energy an advantage in securing orders for AI datacenters preparing for power needs. The firm says the bring your own power decision has moved from a concept to a quick decision for many power-hungry datacenters and facilities. On-site power has become a necessity for these operations. Melius adds that...