Bloom Energy

BE

Bloom Energy is a public company headquartered in San Jose, California. It manufactures and markets solid oxide fuel cells that produce electricity on-site. The company was founded in 2001 and came out of stealth mode in 2010. It raised more than $1 billion in venture capital funding before going public in 2018. Its fuel cells are subsidized by government incentive programs for green energy. As of 2018, Bloom had installed about 300 megawatts worth of fuel cells.

Bloom Energy has been a target of short sellers for a while. The current short interest of 6.52% is roughly at the average of the last 12 months (8.25%).