Bloom Energy LONG; $14 TGT - July 2020 Bloom Energy is set to take off.
Again, in 2019, California legacy utility Pacific Gas & Electric, or PG&E, failed to prevent wildfire outbreaks due to their aging infrastructure. Though Californians, and most Americans, have speculated that the company will solve their repeated issues -- they haven't even though they are desperately trying to.
That can only mean one thing: that the PG&E electricity infrastructure is far too expansive for the company to monitor or repair. Furthermore, it is too expensive and inconceivably labor intensive for PG&E to commission a taskforce to repair every short circuit or wiring issue present in their infrastructure otherwise they would have done so by now. It has made many, universities, schools, businesses, major facilities that require power around the clock, that grid power is far too unreliable. Enter Bloom Energy (BE), the company that provides versatile, natural gas-powered fuel cells that are connected to the grid yet independent from it. California and New York happen to be their largest markets!
When the power goes out/a part of the grid crashes/a power line in your area fails, the Bloom Energy (BE) servers will supplement the lack of electricity, generate its own, and power your facility. This fire fiasco has driven a 5x increase in inquiries for Bloom Energy (BE) servers and will drive a backlog going into FY2020. This is a major secular trend for the company that has been, thus far, stymied with legal issues and high research and development/overhead costs. Not only that, they have been developing servers to cut emissions for large ships, a major source of greenhouse gases, and now have a major client in Samsung. BE is set to go sky high!
PRICE TGT: $14 by July 2020
