The Bloom Energy story is still early days. Wall Street cannot seem to comprehend that so many areas for their growth - international, other market segments, even personal or community power (where they started) are largely untapped.
The main constraint on their opportunity is plain and simple ignorance.
Their proven, no supply chain risk, nearly flawless all hands execution (engineering, sales, services, customer sat) are good enough to see a long, growth future.
Their ability to source and execute on short order is exactly what (sorry but true…) clueless civic (and in some cases corporate) officials need in order to survive their own ignorance. Bloom can (a) eliminate their own fear based narrative about grid overload; (b) side step their historically lame environmental agendas; and (c) deliver a time-to-market execution any bureaucrat can marvel at.
In other words, Bloom’s solutions are exactly what idiot bureaucrats need to solve their own concerns, if they can bring themselves to break their own closed-minded, 19th century mindsets about how power is sourced, how quickly it can arrive, how LOW impact it is to their water, existing infrastructure, and how power pollution / sound / water consumption, and yes how sustainable it truly is.
The only thing constraining this company is the ignorance of their buyers. The data center folks don’t have an alternative, and are obviously fueling this leg of Bloom’s growth curve. The markets they have barely penetrated are still there, ready for a better solution and although paradigm shifts are hard for bureaucrats, the inevitability of competitive cost, environmentally sound, speed to deliver, and high customer satisfaction will prevail - even where ignorance abounds.
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