Bloom Energy's stock price doubled in two months! CEO calmly stated: It will take six months to recover the cost of the factory with no plans for stock financing.

Despite the stock price doubling in the past two months, the energy provider for Oracle Corporation (ORCL.US), Bloom Energy (BE.US), has indicated that it has no plans to sell stocks for financing. The CEO, KR Sridhar, stated in an interview on Monday that the company can recoup the cost of building a new factory in just six months through product sales, so there is no need to raise additional capital. He said, "If needed, we will of course go for financing, but currently we have no reason to raise funds just for the sake of raising funds." Bloom Energy produces a type of fuel cell that generates electricity by using natural gas through a chemical reaction, rather than directly burning natural gas. The company estimates that it costs around $1 to $1.5 billion to build 1 gigawatt of fuel cell capacity. 1 gigawatt of electricity generation capacity is roughly equivalent to the power output of a traditional nuclear reactor. Recently, Bloom Energy reached an agreement with Oracle Corporation to provide up to 2.8 gigawatts of fuel cell electricity generation capacity for its data centers. Sridhar mentioned that compared to gas turbines, the company's modular power units can help data centers expand with lower emissions and at a faster pace. Driven by investors' optimism about the potential demand for its technology in the data center power supply sector, Bloom Energy's stock price has risen by over 200% since the beginning of this year. However, according to a research report released by Citigroup analyst Vikram Bagri on May 28, as competition intensifies in providing infrastructure for artificial intelligence computing power demands, the stock's valuation has largely reflected the favorable factors after closing at $273.51 on Monday.