What's Next?
www.nasdaq.com/articles/...illion-deal.-whats-next-2021-11-03
...."The recent gains come as the company won a 500-megawatt plus order from SK Ecoplant an affiliate company of South Korea’s SK Group. The supply deal, which is likely to be executed through 2024, is expected to generate at least $4.5 billion in revenue for Bloom. Moreover, SK Ecoplant is also looking to invest about $500 million in Bloom stock. This deal bodes very well for Bloom’s near-term growth, considering that the company is on track to generate just about $1 billion in revenue this year. The deal could also be seen as a vote of confidence of sorts in Bloom’s technology, as the global economies prepare for a major shift toward greener energy sources.....
We think Bloom stock is fairly valued at current levels of around $25 per share. The stock trades at about 4.5x projected 2021 revenues, well below rival FuelCell Energy (NASDAQ: FCEL), which trades at about 40x forward revenues. Growth rates are also likely to be stronger, with sales projected to rise by around 25% in 2021, compared to just about 11% for FuelCell...."