Bloom Energy: The Next Palantir Hiding In Plain Sight

Tom Nash•Jan 15, 2026

Summary

Tom posits that the greatest bottleneck for AI expansion is not the chips themselves, but the power required to run them. With the US electrical grid being outdated and incapable of meeting the projected 16% of power consumption by data centers by 2030, Tom identifies Bloom Energy as a unique play that bypasses the grid entirely. He emphasizes that price should not be a deterrent for a great company, comparing Bloom's current state to the early days of Palantir and Nvidia.

Tom highlights that Bloom Energy's 'boom boxes' utilize natural gas to create a chemical reaction that generates 24/7 power. Crucially, these boxes output 800V DC power, which matches the requirements of Nvidia's Blackwell chips, thereby avoiding the massive energy loss associated with converting AC power from the traditional grid. He suggests a strategy of dollar-cost averaging (DCA), specifically doubling down every time the stock drops 20% below its 52-week high.

Bloom Energy (BE): Tom presents this as a primary pick for 2026, highlighting its ability to provide 24/7 uninterrupted power to data centers without grid connectivity. He notes that the company's technology produces 800V DC power, which is the exact requirement for Nvidia's Blackwell chips, eliminating energy loss from AC/DC conversion. Tom suggests a potential price target of $1,000 per share by 2030 based on capturing 20% of the AI energy market and utilizing a 25x multiple.

Oracle (ORCL): Tom discusses Oracle as a key validator of Bloom Energy's technology following a major deal signed by Larry Ellison. He notes that Ellison secured warrants for 3.5 million shares at $113, implying a valuation of approximately $27 billion to $30 billion for the energy provider. Tom views Oracle's adoption as a signal that the technology is viable and that other hyperscalers may eventually follow suit.

Palantir (PLTR): Tom references Palantir as a historical example of a 'generational wealth creator' that faced extreme volatility but ultimately succeeded. He compares the current market skepticism toward Bloom Energy to the 2022 period when Palantir's stock price plummeted to $6. Tom uses this comparison to emphasize that price volatility should not deter investors from holding companies with strong long-term value.

Mentioned Stocks

NVDA

Sentiment: BUY

Reasoning: Mentioned due to the specific power requirements of its Blackwell chips (800V DC), which perfectly align with Bloom Energy's output, making Bloom a critical infrastructure partner for AI growth.

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PLTR

Sentiment: BUY

Reasoning: Tom uses Palantir as a benchmark for high-growth, high-volatility stocks that create long-term wealth despite short-term price drops. He uses its recovery from $6 to validate his thesis that 'mispriced' assets can remain undervalued even after a rally.

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ORCL

Sentiment: BUY

Reasoning: Tom views Oracle's deal with Bloom Energy as massive validation. He notes Larry Ellison's personal history of successful bets (like Tesla) and mentions that Oracle's deal includes warrants at $113 per share, valuing Bloom Energy near its current market cap.

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Sentiment: BUYAction: RECOMMENDED

Reasoning: Tom believes Bloom Energy is the only company solving the AI power bottleneck by providing off-grid electricity. He highlights the synergy with Nvidia's Blackwell chips and validation from Oracle's Larry Ellison. He provides a price prediction of $1,000 per share by 2030 if the company captures 20% of the market. He recommends a DCA strategy, doubling down whenever the stock is 20% below its 52-week high.

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