Increasing Power Demand Amid AI Boom Strengthens Bloom Energy (BE)

Increasing Power Demand Amid AI Boom Strengthens Bloom Energy (BE)

Thu, September 10, 2026 at 3:01 PM GMT+3 3 min read

• BE -2.86%

American Century Investments, an investment management company, released its second-quarter 2026 investor letter for the "American Century Investments Focused Dynamic Growth Fund". The letter can be downloaded here. U.S. stocks advanced sharply with double-digit quarterly gains largely due to robust earnings, resilient economic data, and momentum in AI-related stocks. However, there was a slight pullback in June as momentum waned and investors anticipated potential interest rate hikes by the Federal Reserve. Growth and AI stocks outperformed value stocks, while large-cap companies generally surpassed small- and mid-cap stocks. Underperformance was noted in healthcare and communication services, while industrials, particularly in aerospace and defense, contributed positively to performance. The fund's investor class returned 16.38%, slightly below the Russell 1000 Growth Index's 16.74%. The investment approach focuses on bottom-up financial analysis to identify large-cap companies with long-term earnings growth potential, while aiming to mitigate non-financial risks. Please review the Fund's top five holdings to gain insights into its key selections for 2026.

In its second-quarter 2026 investor letter, American Century Investments Focused Dynamic Growth Fund highlighted Bloom Energy Corporation (NYSE:BE). Bloom Energy Corporation (NYSE:BE), designs and manufactures solid-oxide fuel cell systems for clean, reliable, on-site power generation, contributed to fund's performance this quarter. On September 09, 2026, Bloom Energy Corporation (NYSE:BE) closed at $269.28 per share. Over the past month, Bloom Energy Corporation (NYSE:BE) returned 14.00%, and its shares are up 300.18% over the past year. Bloom Energy Corporation (NYSE:BE) has a market capitalization of $79.31 billion, and its stock has traded within a 52-week range of $61.37 to $351.28.

American Century Investments Focused Dynamic Growth Fund stated the following regarding Bloom Energy Corporation (NYSE:BE) in its Q2 2026 investor letter:

"Bloom Energy Corporation (NYSE:BE). The fuel cell provider's shares rallied amid increasing demand for reliable power within AI data centers. Bloom's quick-deployable fuel cell products and an expanded agreement with Oracle bolstered Bloom's role as a fast-deployable power solution for AI infrastructure."

Bloom Energy Corporation (NYSE:BE) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 116 hedge fund portfolios held Bloom Energy Corporation (NYSE:BE) at the end of the second quarter, up from 91 in the previous quarter. While we acknowledge the potential of Bloom Energy Corporation (NYSE:BE) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Bloom Energy Corporation (NYSE:BE) and noted that it rallied following news of its inclusion in the S&P 500—a major landmark for the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.

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This article is originally published at Insider Monkey.