Bloom Energy 快速的数据中心供电能力推动增长，但高估值指标意味着投资需谨慎。
逐段跳播
Bloom Energy 之所以在过去一两年里成为投资者眼中的大赢家，是因为它能够极其迅速地让这些数据中心通电。
The reason that Bloom Energy has become the huge winner that it's been over the past year or two for investors is because they can power up these data centers extremely quickly.
而讽刺之处在于，Bloom Energy 向投资者宣传的核心卖点，即便在疫情期间也是：这将是一家绿色能源公司。我们将能够通过电解制造氢气。我们将能够借助 Bloom Energy 燃料电池，非常轻松且低成本地把氢气转化为电力。
如今这一切基本都被搁置了，我们又回到了 Bloom Energy 一直以来的运作方式，也就是实际上以天然气作为燃料来源。
And the irony here is Bloom Energy's basically pitch to investors even during the pandemic was this was going to be a green energy company. We were going to be able to make hydrogen through electrolysis. We were going to be able to turn that hydrogen into power very easily and cost effectively with Bloom Energy fuel cells. Now that's all kind of off the table and we're going back to the way that Bloom Energy has always run and that was actually operating with natural gas as the fuel source.
这是一种燃料电池，它可以接收多种、多种不同类型的燃料来源，但天然气是如今最容易获得的。所以，很多这类燃料电池就是这么做的。
It's a fuel cell that it can take in multiple pieces, multiple different types of fuel stock, but natural gas is the most readily available today. So, that's what a lot of these fuel cells are doing.
但这里的增长绝对是惊人的。至少，这是那种能维持一段时间的权宜之计，因为这些公司需要尽可能多的电力。它们需要尽可能靠近电源。
But the growth here is absolutely phenomenal. And at the very least, this is one of these band-aids that's going to be that's going to last for a while because these companies need as much power as possible. They need as close to the source as possible.
像 Bloom Energy 电力系统这样的东西，即便规模很小、并不能为你的整个数据中心供电，对如今这些数据中心来说也能带来很大的增值。
Something like a Bloom Energy power system, even in a small form that isn't powering your entire data center, can be a really big value ad for those data centers today.
听着，锁定电力的最佳时机是昨天。第二好的时机是90天或更短。这恰恰就是 Bloom Energy 的故事，也是它为什么能赢得这么多业务的原因。它能比外面很多公司更快地让你通电。
因此，在这个我们都在争夺同样有限能源来源的时代，Bloom Energy 确实为其客户提供了一种价值主张。
Listen, the best time to secure your power was yesterday. The second best time is 90 days or less. And that's really Bloom Energy's story right there and why it can win so much business. It can get you powered on faster than a lot of companies out there. And so in this age where we're all competing over the same limited energy sources, Bloom Energy does provide a value proposition to its customers.
话虽如此，如今这是一只极其昂贵的股票，因为在我们今天录制时，它的市值已达800亿。企业价值与销售额之比约为26。市盈率即便按前瞻口径、并且往宽松里算，也约为78。
Now, all of this said, this is an incredibly expensive stock today because it is now an 80 billion market cap as we're recording today. Enterprise value to sales is about 26. Price earnings multiple even on a forward basis if we're being generous is about 78.
所以从投资角度看，这是那种或许应该对其估值保持谨慎的公司之一。但至少，Bloom Energy 会让你了解这种能源需求是什么样子、它正走向何方，以及它将如何影响这些正在极其迅速拔地而起的数据中心的建设。
So from an investment perspective, this is one of those companies that maybe want to be cautious with that valuation. But at the very least, Bloom Energy is going to give you an idea of what that energy demand looks like, where it's going, and you know, how it's going to play into building these data centers that are going up extremely quickly.
这个频道对 $BE 的历次判断
The Motley Fool 在这只股票上只有这一条判断。