Bloom Energy IPO: Time to Buy?

Interested in the clean energy revolution? Bloom Energy is a company making waves on Wall Street, as it emerged as a rare clean-energy “unicorn.” Bloom's technology involves using solid oxide fuel cells that are used in stationary power-generation servers. The servers convert natural gas or biogas into electricity through an electrochemical reaction, which results in lower emissions.

On their website, Bloom Energy says that each on-site server, with a footprint of half the size of a shipping container, can provide around 250 kilowatts of power to its customers, or enough to power 160 average U.S. homes. That is more space-efficient than other forms of alternative energy, and unlike solar and wind power, the servers provide a constant source of electricity.

So, is the Bloom Energy stock a buy? The company appears on a solid growth trajectory, as it listed total revenue of $169 million, compared with $72 million in the year-ago period. First-quarter net losses attributable to shareholders reached $18 million, or $1.14 a share, compared with losses of $60 million, or $3.91 a share, in the first quarter of 2017.

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