2 Hydrogen Stocks to Buy in August if You Believe in the Turnaround

Bloom Energy (BE) introduced Power Connect, a new deployment system that reduces on-site installation time by over 40% and decreases reliance on field electricians. This could help Bloom process its $20 billion backlog faster, potentially improving margins and justifying its high valuation. Bloom's stock has quadrupled in the past year, trading at 270 times trailing earnings.

Oracle (ORCL) and Bloom Energy (BE) shares fell on Monday after New Mexico rejected a natural gas pipeline application for Oracle's Project Jupiter data center. The pipeline is crucial for Bloom Energy's 2.5 GW fuel cell contract. ORCL dropped 3.5% and BE fell 7%. Analysts cited delays and potential cost increases, with CLSA and TD Cowen maintaining 'Hold' ratings on ORCL.

Bloom Energy (BE) stock surged 291% in 2025 and doubled in 2026, outperforming the S&P 500. Q2 revenue exceeded $1 billion, and the company raised its full-year outlook to $3.9B-$4.2B. Despite a 42% drop from its 52-week high, BE's valuation is $60B, trading at 270x trailing earnings. The company's growth in AI data center power deployment is noted, but future gains may be harder.

Citadel reduced its exposure from Situational Awareness' portfolio by 80%, executing over 100 block trades worth $4 billion. Ken Griffin cited Citadel's ability to evaluate risks and execute trades quickly. The portfolio focused on AI infrastructure companies like Sandisk and Micron, which saw significant declines in July.

Bloom Energy's solid-oxide fuel cells, likened to 'Lego blocks', offer scalable and quickly deployable power solutions. The company's revenue surged 166% YoY to $1.065B in Q2, with a 34.3% gross margin. Clients like Oracle and Brookfield Asset Management are investing heavily in Bloom's technology, driving demand and stock growth.

SueWallSt notified investors of a class action lawsuit against Bloom Energy (BE) over alleged misstatements about its supply chain exposure to China. The lawsuit covers purchases from Feb. 27, 2025, to July 8, 2026, when BE shares dropped 5.7% ($15.28) to $254.29. Investors have until Sept. 28, 2026, to seek lead plaintiff status. The complaint alleges BE misled investors about its reliance on Chinese scandium.