What AI bubble is BE in?

Bloom Energy Corporation (BE) is mapped to the Datacenter Power bubble on QuantAbundancia. Pure-play solid-oxide fuel cell (SOFC) manufacturer - public-equity expression of the AI datacenter grid-bypass thesis. Oracle MSA April 2026 (up to 2.8 GW, 1.2 GW initial) is the largest commercial SOFC deployment commitment to date. Aschenbrenner's Situational Awareness LP largest long ($879M, Q1 2026 13F). Weight 0.85 reflects pure-play exposure and named-customer conviction with execution risk on manufacturing scale-up against the order book.

What sector is BE in?

Bloom Energy Corporation is classified under GICS Industrials (Electrical Equipment).

What is BE's last close price?

BE last closed at $210.63 on 2026-08-10.

BE

NYSENext earnings·Oct 27AnalystsBuy·26+30%

Bloom Energy Corporation

Industrials · Electrical Equipment

$210.63last close

+472.4%~252d

Price

+472.36% over 1Y

1 curated level

Thesis

as of 2026-08-10

Pure-play solid-oxide fuel cell (SOFC) manufacturer; public-equity expression of the AI datacenter grid-bypass thesis. 53M-share warrant to Oracle - largest commercial SOFC deployment commitment in BE history. Aschenbrenner's Situational Awareness LP holds BE as largest long ($879M equity + $55M call notional, Q1 2026 13F).

Bull case: grid bottleneck is structural not cyclical, Oracle MSA backs forward revenue, customer pipeline broadening. Bear case: SOFC manufacturing scaling risk, Oracle concentration, natural gas cost exposure, post-13F drawdown overhang (-43% from mid-May peak).

•2026-04-09 - Oracle MSA signed: up to 2.8 GW SOFC capacity commitment + warrant for Oracle to purchase 3.53M BE shares
•2026-04 - Initial Oracle contract: 1.2 GW capacity, deployment underway
•2026-05-18 - Aschenbrenner Q1 2026 13F: BE as fund's largest long, 6.5M shares ($879M) + 409K share calls ($55M notional)
•2026-05-19 to 2026-05-22 - Post-13F drawdown: BE down ~17% in 48 hours as the long-book trade unwound across AI-infra names; broader -43% from mid-May $290 peak to ~$164 by 2026-05-26
•Recurring service contracts on installed base: typically 10+ year terms covering O&M, fuel stack replacements, performance guarantees
•Customer base disclosed in SEC filings: Oracle (lead), Equinix, AT&T, Walmart, semiconductor fabs, multiple undisclosed hyperscalers
•Setup tension: structural grid-bypass thesis (multi-year datacenter power constraint) vs near-term execution risk on SOFC manufacturing scale-up to 2.8 GW Oracle commitment; Aschenbrenner conviction signal (largest long) vs the 13F-day-2 tape unwind that took 17% off the stock
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Analyze BE· interactive tools

Bubbles· capital-flow co-movement

Themes· editorial groupings

Conviction· in 3 watchlists

+234%YTD
+221%YTD

Top correlated· 252d co-movement

0.60

Frequently asked questions

Is BE in VO?: Yes, Vanguard Mid-Cap ETF (VO) holds BE with 0.79% (as of 2026-08-10).
What ETFs hold BE?: Bloom Energy Corporation (BE) is held by VO (0.79%).
What AI bubble is BE in?: Bloom Energy Corporation (BE) is mapped to the Datacenter Power bubble on QuantAbundancia. Pure-play solid-oxide fuel cell (SOFC) manufacturer - public-equity expression of the AI datacenter grid-bypass thesis. Oracle MSA April 2026 (up to 2.8 GW, 1.2 GW initial) is the largest commercial SOFC deployment commitment to date. Aschenbrenner's Situational Awareness LP largest long ($879M, Q1 2026 13F). Weight 0.85 reflects pure-play exposure and named-customer conviction with execution risk on manufacturing scale-up against the order book.
What sector is BE in?: Bloom Energy Corporation is classified under GICS Industrials (Electrical Equipment).
What is BE's last close price?: BE last closed at $210.63 on 2026-08-10.

BE

Price

Thesis

Analyze BE· interactive tools

Bubbles· capital-flow co-movement

Themes· editorial groupings

Conviction· in 3 watchlists

Top correlated· 252d co-movement

Frequently asked questions

Related research· long-form analysis touching BE

Recent news· high-signal only

Held by ETFs

Key levels

Facts