Bloom Energy (BE) Surges as AI Hyperscalers Adopt Solid Oxide Fuel Cells

Bloom Energy (BE) Surges as AI Hyperscalers Adopt Solid Oxide Fuel Cells

Mon, September 21, 2026 at 5:16 PM GMT+3 3 min read

• BE +4.24%
• ^RUT +0.55%

Carillon Tower Advisers, an investment management company, released its second-quarter 2026 investor letter for the "Carillon Eagle Small Cap Growth Fund". The letter can be downloaded here. Small-cap stocks rallied broadly in the second quarter, with the Russell 2000 Growth Index (+25.71%) outpacing Value +17.24%). Information Technology (+46.79%) led all sectors, supported by solid gains in Real Estate (+25.91%), Industrials (+25.80%), and Health Care (+25.54%). Consumer and defensive sectors lagged, while Energy (-2.40%) was the sole sector in the red. Following a strong quarter, the outlook for equity markets remains positive, supported by robust corporate profits and economic growth. However, midterm election uncertainties could introduce volatility, especially around data center development, a key economic driver. The $1 trillion data center spending boosts corporate earnings and supports ongoing AI infrastructure investments. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.

In its second-quarter 2026 investor letter, Carillon Eagle Small Cap 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, which contributed 1.76% to the fund's returns this quarter. On September 18, 2026, Bloom Energy Corporation (NYSE:BE) closed at $259.35 per share. Over the past month, Bloom Energy Corporation (NYSE:BE) returned 25.51%, and its shares are up 225.53% over the past year. Bloom Energy Corporation (NYSE:BE) has a market capitalization of $76.39 billion, and its stock has traded within a 52-week range of $61.37 to $351.28.

Carillon Eagle Small Cap Growth Fund stated the following regarding Bloom Energy Corporation (NYSE:BE) in its Q2 2026 investor letter:

"Bloom Energy Corporation (NYSE:BE) manufactures stationary solid oxide fuel cell power generation equipment. The company's stock performed well as market adoption for its fuel cell offering continued to gain steam among some of the largest participants in the global artificial intelligence (AI) infrastructure buildout. Bloom's ability to deliver power solutions at scale and on compressed timelines has clearly resonated with customers and has allowed Bloom to garner a piece of the rapidly growing behind the-meter power generation market."

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 discussed Bloom Energy Corporation (NYSE:BE) and noted its new 800V DC-native fuel-cell power architecture aimed at cutting data-center costs and energy losses for the AI era. 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.