Here's What Bloom Energy's IPO Surge Reveals About the Cloud Space

Bloom Energy BE shares surged over 51% in its New York Stock Exchange debut Wednesday
Stocks quotes in this article: BE, T, WMT, EQIX

Bloom Energy (BE) shares surged over 51% in its New York Stock Exchange debut Wednesday, as the company aims to reduce electricity costs for data centers, the infrastructure behind the cloud.

"If you take a data center, electricity is one of the largest expenditures," said KR Sridhar, Bloom Energy's CEO, adding that the company's fuel cell technology helps reduce electricity costs

Sridhar thinks the cloud industry's growth is in its early innings. 

The companies clients include AT&T (T) , Walmart (WMT) and Equinix (EQIX) , among others. 

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

TAGS: IPOs | Markets | Stocks | Energy | Technology | Video

More from Video

One Tweet Pulls the Rug Out From Under the Indexes

James "Rev Shark" DePorre

Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.

A Technical Look at the New Dow Jones Industrial Average

Bruce Kamich

Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.

Conagra Brands Looks Tastier After Its Upgrade to Buy

Bruce Kamich

CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.

Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts

Bruce Kamich

Breaking down an approach to the long side of this biotech stock.

Is Renewable Energy the Defensive Stock Opportunity You're Missing

Kevin Curran

AMSC CEO discusses that and China challenges.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight