bloom

Why Bloom Energy Stock Is Skyrocketing This Week

Bloom stock is blossoming in a lot of portfolios this week thanks to a new collaboration.

After it dipped nearly 4% lower last week, shares of fuel cell specialist Bloom Energy (BE -1.16%) reversed their downward trajectory and shot into the stratosphere this week. In addition to news that the company would help support the artificial intelligence (AI) industry, two analysts’ increasingly bullish outlook on Bloom Energy stock provided Main Street investors with more reasons to bid Bloom stock higher.

According to data provided by S&P Global Market Intelligence, shares of Bloom Energy had soared 32.5% from the end of trading last Friday through the close of Thursday’s trading session.

Someone holding a lightbulb with an AI bubble inside and various symbols around it.

Image source: Getty Images.

The details of the recent deal

On Monday, Bloom Energy announced Brookfield Asset Management (BAM -3.63%) will make an investment of up to $5 billion to deploy Bloom’s fuel cell technology to support AI infrastructure. Exploring the development of AI factories located around the world, the two companies expect to announce a European site that will demonstrate this capability before the end of 2025.

It didn’t take long before analysts started to wax bullish on Bloom stock after it announced the deal with Brookfield. The next day UBS analyst Manav Gupta hiked the price target on Bloom stock to $115 from $105 based on the potential of the Brookfield partnership, and BMO Capital lifted its price target to $97 from $33.

Has the time to buy Bloom Energy stock passed you by?

The market’s seemingly insatiable appetite for AI exposure touched on Bloom Energy this week, and shares are now trading at a lofty 131 times forward earnings. While the fuel cell specialist is arguably the most promising opportunity among its fuel cell peers, the stock’s steep valuation suggests that it may be better to watch it from the sidelines for the time being and wait for a pullback before clicking the buy button.

And with respect to the analysts’ price targets — take them with a grain of salt. Analysts often have shorter investing horizons than the multiyear holding periods serious investors tend to favor; therefore, they shouldn’t be a priority when investors form investing theses.

Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Brookfield Asset Management. The Motley Fool has a disclosure policy.

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Why Bloom Energy Stock Crashed Today

Bloom Energy’s price target went up today. The news isn’t as good as you think.

Bloom Energy (BE -10.83%) stock, one of the first hydrogen stocks to ever go public, is having a rough afternoon Tuesday, down 11.2% through 2:50 p.m. ET. And why?

This may surprise you: It all started when Bank of America raised its price target on Bloom stock today.

1 dotted red arrow glowing and going down.

Image source: Getty Images.

What BofA said about Bloom Energy

BofA raised its price target on Bloom Energy stock to $24 today, as The Fly reports. That sounds like it should be good news — except for the fact that Bloom already sells for more than $76 per share.

Thus, while BofA is marginally less pessimistic about the shares today than it once was, the investment banker is still effectively predicting Bloom stock will fall 70% in price over the next year.

Unsurprisingly given this forecast, BofA thinks you should sell Bloom Energy stock.

Is Bloom Energy stock a sell?

Bloom stock rocketed this year — up 650% in 12 months — on the back of news that companies like American Electric Power and Oracle are using its fuel cells to help provide necessary electric power for artificial intelligence (AI) data centers.

That’s the good news.

The bad news is that despite announcing these contract wins, Bloom hasn’t raised its guidance for earnings this year, suggesting the contracts may not be profitable for Bloom. Total earnings for the last 12 months at Bloom remain less than $24 million, meaning that, at a market capitalization of $20.2 billion, Bloom stock sells for an astounding 852 times earnings.

That’s a very expensive valuation for a company that is still expected to lose money this year and that, even if it turns profitable next year as expected, will be selling for a forward P/E ratio well in the triple digits.

I agree with BofA. This stock’s probably a sell.

Bank of America is an advertising partner of Motley Fool Money. Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool has a disclosure policy.

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Why Bloom Energy Rallied Higher Today

Oracle’s blowout RPO number bodes well for Bloom, which inked a partnership with Oracle back in July.

Shares of Bloom Energy (BE 12.51%) rocketed 18.5% higher on Wednesday as of 12:35 p.m. ET.

There wasn’t any news specifically from Bloom today; however, last night’s bombshell guidance from Oracle (ORCL 33.94%) is likely boosting Bloom by association, given that Bloom inked an important data center partnership with Oracle in July.

Oracle announces AI hypergrowth, and it will need lots of energy

Bloom surged in July after it announced a landmark deal with Oracle on July 24. For reference, Bloom’s energy servers can transform natural gas or hydrogen into electricity without combustion, producing electricity from an abundant source like natural gas in a cleaner way to meet escalating electricity demand.

Bloom had served utilities and other power users in the past, but the July deal with Oracle was the first direct agreement with a cloud hyperscaler.

Therefore, when Oracle provided astonishing backlog growth in its cloud infrastructure (IaaS) business last night, that also improved the outlook for Bloom, which will likely play a role in providing electricity to those data centers. Oracle reported $455 billion in remaining performance obligation in its cloud IaaS business, up an astounding 359%. On the conference call with analysts, CEO Safra Catz noted she expects cloud infrastructure revenue to grow from $18 billion this year to a stunning $144 billion in fiscal 2030 — over just a matter of four years.

Needless to say, that much growth will require Oracle to build a lot more data centers, which will likely be served in part by Bloom’s energy servers.

Finger pointing up and to the right, with the letters A and I.

Image source: Getty Images.

Bloom looks expensive, but AI growth is off the charts

After today’s rally, Bloom trades at 76.5 times next year’s earnings estimates. That’s very expensive for a low-margin hardware business, but Oracle’s multiyear guide appears to have lifted the prospects for Bloom’s growth over the 2027-2030 time frame.

So while Bloom’s valuation makes it risky at these levels, its artificial intelligence (AI)-related growth story keeps getting better.

Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool has a disclosure policy.

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‘I’ll Be Right Here’ review: Amy Bloom weaves Colette into bold tale

Book Review

I’ll Be Right Here

By Amy Bloom
Random House: 272 pages, $28
If you buy books linked on our site, The Times may earn a commission from Bookshop.org, whose fees support independent bookstores.

Amy Bloom’s exquisite “I’ll Be Right Here” is a slim volume spanning close to a century. While it’s tempting to label the novel a family epic, that description would fail to capture how Bloom reconstitutes “family” on the page, or how her chapters ricochet forward and backward from decade to decade or year to year, shifting perspective not only from character to character, but from first- to third-person point of view.

These transitions, while initially dizzying, coalesce into a rhythm that feels fresh and exciting. Together they suggest that memory conflates the past, present and future, until at the end, our lives can be viewed as a richly textured tapestry of experience and recollection, threaded together by the people we’ve loved.

The novel opens with a tableau: Siblings Alma and Anne tend to their longtime friend, who’s dying. They tenderly hold Gazala’s hands in a room that “smells like roses and orange peel.” Honey — once Anne’s sister-in-law and now her wife — massages Gazala’s thin feet with neroli oil. “Anne pulls up the shade. The day is beautiful. Gazala turns her face away from the light, and Alma pulls the shade back down.” Samir “presses his hand over his mouth so that he will not cry out at the sight of his dying sister.” Later in the novel, these five will come to be dubbed “the Greats” by their grandchildren.

The scene is a foreshadow, and signals that the novel will compress time, dwelling on certain details or events, while allotting mere lines to other pivotal moments, or allowing them to occur offstage, in passing. At first this is disorienting, but Bloom’s bold plot choices challenge and enrich.

Book cover for "I'll Be Right Here" by Amy Bloom

In 1930 Paris, a young Gazala and her adopted older brother, Samir, await the return of their father from his job at a local patisserie, when they hope to sample “cinnamon montecaos, seeping oil into the twist of paper,” or perhaps a makroud he’s baked himself. In their cold, tiny apartment, Samir lays Gazala “on top of his legs to warm us both, and then, as the light fails, our father comes home.”

The Benamars are Algerians, “descended from superior Muslims and Christians both, and a rabbi,” their father, M., tells them. He delights in tall tales of a Barbary lion that has escaped Northern Africa and now roams the streets of Paris. Years elapse in the course of a few pages, and it’s 1942 in Nazi-occupied France. One night before bed, M. Benamar shreds the silk lining from a pair of worn gabardine pants to craft a belt for his daughter. Then,“he lies down on the big mattress he shares with Samir and turns his face to the wall.” He never awakens.

Now orphans — we don’t know exactly how old they are — the pair must conceal that they are on their own. Samir lines up a job where their father worked, while the owner’s wife finds Gazala a position as companion to a renowned writer, offering her “up to Mme. Colette like a canape.” Colette (yes, that one!) suffers from arthritis, and is mostly bedridden. She hides her Jewish husband upstairs, while entertaining guests below. Gazala observes that her benefactor’s “eyes are slanted under the folds of her brows, kohl-rimmed cat’s eyes in a dead-white face, powder in every fold and crack.”

Soon, the sister and brother’s paths diverge, and Gazala makes her way to New York City.

It’s 1947. Through Colette, Gazala has found work at a shop on Second Avenue, and sleeps in the storeroom above. Enter Anne and Alma Cohen, teenage sisters who take an instant liking to Gazala and her French accent; in short order, they’ve embraced her as a third sibling. Months later, there is a knock on the bakery door, and it’s Samir, returned from abroad, in search of Gazala. For the rest of their lives, the nonblood-related siblings will conceal that they are lovers.

Going forward, the plot zigs and zags, dipping in and out of each character’s life. It’s 2010 in Poughkeepsie, N.Y., where Samir and Gazala have lived together in a rambling old house for decades, maintaining appearances by keeping separate bedrooms. They are old, and Samir “brushes her silver hair away from his lips.” She tells him she doesn’t mind that he smells of the shallots in their garden.

It’s 1968, and Anne, by now a wife, mother and lawyer, has fallen in love with her husband Richard’s sister, Honey. We glimpse their first sexual encounter after years of simmering emotions. Alma — who receives minimal attention from her author — marries a bighearted chicken farmer named Izzy, and later grieves the early loss of her husband, and the absence of children.

As they grow older, the circle consisting of Gazala, Samir, Anne, Alma and Honey will grow to include Lily, Anne’s daughter, and eventually Lily’s daughter, Harry. Gazala and Samir take in Bea, whose parents were killed in a car accident; she becomes the daughter they never had. This bespoke family will support each of its members through all that is to come.

It’s 2015 in Poughkeepsie, and Gazala’s gauzy figures float through her fading consciousness. Beneath the tree outside her window — ”huge and flaming gold” — sits her father, reading the paper. “Madame pours mint tea into the red glasses.” The other Greats are gathered round. One last memory, the most cherished of all: It’s 1984 and Gazala and Samir are in their 50s. He proposes a vacation in Oaxaca. “Let’s go as we are,” he whispers. At their hotel, “they sit beneath the arches, admiring the yellow sun, the blue sky, the green leaves on the trees, all as bright as a children’s drawing.” There, they freely express their love for each other.

As Bloom has demonstrated throughout her stellar literary career, which began in 1993 with the publication of her acclaimed story collection, “Come to Me,” she can train her eye on any person, place or object and render it sublime. Her prose is so finely wrought it shimmers. Again and again she has returned to love as her primary subject, each time finding new depth and dimension, requiring us to put aside our expectations and go where the pages take us. As readers, we’re in the most adept of hands.

Haber is a writer, editor and publishing strategist. She was director of Oprah’s Book Club and books editor for O, the Oprah Magazine.

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Orlando Bloom lets slip Pirates of the Caribbean ‘return’ during This Morning chat

Orlando Bloom has teased a return to the Pirates of the Caribbean franchise, saying he would love to ‘get the band back together’ on ITV’s This Morning

Orlando Bloom dropped a major hint at a possible comeback of the swashbuckling Pirates of the Caribbean series.

The actor famed for his role as Will Turner spilled all during an interview on This Morning, sparking speculation of a sixth instalment of the iconic film franchise that first set sail in 2003 with The Curse of the Black Pearl.

With Dead Men Tell No Tales having made its voyage in 2017, chatter about a new chapter has been rife, and Orlando stoked the gossip with a coy: “Who knows?”

He teased further: “I can’t say anything at the moment because I really don’t know. They’re trying to work out what it would all look like.

“I personally think it would be great to get the band back together. But there are always different ideas, so we’ll see where it lands.”

Johnny Depp as Captain Jack Sparrow
Could another Pirates of the Caribbean film be on its way?(Image: Peter Mountain/Disney via AP)

The Lord of the Rings actor’s comments come after producer Jerry Bruckheimer addressed a return of Pirates of the Caribbean.

When asked by ComicBook.com about the future of the franchise and that of Top Gun, he replied: “It’s hard to tell. You don’t know, you really don’t know.”

Elaborating, he noted the uncertainty surrounding movie projects, but assured that rebooting Pirates is less complex since it doesn’t hinge on particular stars’ schedules.

He said: “But we’re gonna reboot Pirates, so that is easier to put together because you don’t have to wait for certain actors.”

Keira Knightley and Orlando Bloom
Keira Knightley and Orlando Bloom were absent from the fourth film

Despite Orlando’s eagerness to “get the band back together,” he was notably absent from the fourth instalment of Pirates of the Caribbean.

In a 2010 interview about his potential involvement in the fourth film, he stated: “No, definitely not… I think Will is sort of swimming around with the fish at the bottom of the ocean. “”.

“I had a great time making those movies,” he added. “I just really wanted to do different things, but I think it’s going to be great.”

This Morning airs weekdays from 10am on ITV1.

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The real reason why your hydrangeas look brown and crispy – plus the mistakes you must avoid for them to bloom this May

HYDRANGEAS are beautiful when they bloom, but are yours looking rather brown and crispy?

Well, if yours could do with some TLC and you aren’t sure where to start, you’ve come to the right place as we’ve got all the handy tips and tricks you’ll need. 

Close-up of hands pruning dried hydrangeas.

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A gardening guru has revealed the real reason why your hydrangeas are looking brown and crispyCredit: Getty
Pink hydrangeas in bloom.

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Not only this, but if you want to ensure your flowers bloom this month, you’ll need to take note of these two errors you must avoidCredit: Getty

Hydrangeas are known for their big, beautiful cluster flower heads, but it appears that many gardeners often do not know how to care for them properly, which can prevent them from flowering. 

With May in full swing, hydrangeas are just beginning to grow again, and gardeners often fertilise or prune them now to help encourage bigger blooms in the future. 

However, a gardening pro has revealed the big mistake people must avoid if they want their hydrangeas to bloom this month.

Not only this, but Heather Stoven from Oregon State University, also shared the real reason why hydrangeas can sometimes look a bit worse for wear. 

Read more gardening stories

Heather revealed the two gardening jobs that must be avoided, as she recommended: “Avoid pruning; the resulting lush new growth will be sensitive to further damage from heat waves later in the summer.

“Also avoid fertilising as excess fertiliser can attract pests to the plant.”

It may seem obvious to fertilise plants to get more flowers, but according to Heather, now that we’re in May, it is far too early to feed hydrangeas. 

Fertilising hydrangeas now will result in weak growth that is unlikely to survive in the heat.

Not only this, but it will also attract insects who look for softener foliage that is easier for them to eat. 

Many hydrangeas have already formed their flower buds and pruning them now will risk cutting off the blooms, meaning you will not get any flowers at all. 

How to get rid of garden weeds in minutes – and what not to do

Doing so will stress out the plant when it is actually growing, further causing damage. 

However, according to the pro, hydrangeas are thirsty plants due to their big leaves which can quickly lose water.

As a result, the biggest mistake many gardeners make is not watering them enough in May.

Gardening tips and hacks

It is crucial to water hydrangeas properly to help establish strong roots so they can retain more water once summer arrives. 

If hydrangeas do not get enough water while they are growing new roots, then the plant will not be strong enough to grow flowers and can even die if under too much stress. 

Heather acknowledged: “If not enough water is available in the soil, or it is lost to the atmosphere faster than it can be replaced, then the plant tissue where the water can’t reach will die. 

Water plants deeply prior to the heat event so that the root zone is well hydrated

Heather

“This is why we see so many brown, crispy leaf edges. It is also possible for high heat itself to cause tissue death.”

According to Heather, the best way to help hydrangeas at the moment is to water them deeply and keep the soil hydrated.

Having said that, you will need to make sure you are watering at the right time. 

Top 5 Spring Gardening Jobs

*If you click a link in this boxout, we may earn affiliate revenue

Nick Grey, Gtech Inventor and CEO shared the tasks to crack on with as Spring arrives.

1. Clean your garden

Make sure to clear away all leaves, soil and plant debris from your patios and flower beds; this creates a healthier environment for new growth, especially as we get into the summer months. Gtech’s Garden Safety Kit includes durable gardening gloves and safety glasses; perfect for comfortability whilst tackling those outdoor tasks.

2. Weeding

Early Spring is the best time to tackle weeds; if you can introduce some regular weeding into your routine, you can guarantee a tidy garden all year round. 

3. Hedge maintenance

Spring is the ideal time to tidy up overgrown hedges and shrubs, as regular trimming ensures healthy growth and reduces pest issues. Using a tool like the Gtech Lightweight Hedge Trimmer can help to keep your greenery looking sharp and neat.  

4. Composting

Starting a compost heap this spring is a pro-active, cost-effective way to harness nutritious soil for your plants and recycle organic waste that will benefit the overall health of your greenery and foliage.  

5. Look after your lawn

Lawn care is hugely important in assuring your garden stays looking beautiful. Make sure to rake away any excess leaves and trim your grass routinely.

It is better to water hydrangeas in the morning as the hotter weather later on in the day will cause water evaporation, meaning a large proportion of moisture will not make it to the soil. 

Watering hydrangeas in the morning allows them to absorb water more efficiently and ensures roots are hydrated throughout the day, which in turn will help them grow stronger and healthier. 

Heather advised: “Water plants deeply prior to the heat event so that the root zone is well hydrated.”

If you choose the right time to water hydrangeas and do it consistently, this will ensure you help these beautiful plants grow to their full potential so you get lots of lovely big blooms once summer arrives.

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