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Hawk’s Nest

Small Cap Industrial Energy Name Sees Unusual OTM Call Buyer

by | Jan 11, 2023

Bloom Energy (BE) morning buyers of 2800 Jan 2024 $55 calls at $0.80 with the stock trading at 22.50 and nearing a monthly value area breakout. The stock has very bullish longer term look as the weekly chart spent most of 2022 consolidating around its 200 week EMA and bottomed way before the overall market, back in May near 12. Now Nearly doubled off the lows and potentially ready to breakout through yearly 2022 value area above 23.60. Bloom Energy is a provider of commercially viable solid oxide fuel- cell based power generation platform that provides power to businesses, essential services, and critical infrastructure. Its technology produces electricity and hydrogen. The Company’s fuel-flexible Bloom Energy Servers can use biogas and hydrogen, in addition to natural gas, to create electricity at significantly higher efficiencies than traditional, combustion-based resources. Its solid oxide platform powers its fuel cells that can be used to create hydrogen, which is recognized as an important tool for the full decarbonization of the energy.