Overview
- Stanley Druckenmiller, through his Duquesne Family Office, exited his 166,235-share SanDisk stake after a roughly 400% one-quarter surge and redeployed the capital within the AI theme.
- His new position is Bloom Energy, which makes solid-oxide fuel cells that turn natural gas into electricity and can be installed behind the meter to bypass slow grid hookups at data centers.
- AI operators plan massive new campuses that strain utility connections, and that demand has made on-site, dispatchable power a priority for buildouts once focused mainly on memory and chips.
- Bloom Energy reported record quarterly revenue of $751.1 million, up 130% year over year, delivered EPS of $0.44 versus a $0.09 estimate, and raised full-year guidance to $1.85–$2.25 per share.
- The company cites traction with Oracle, CoreWeave, and Equinix, while analyst upgrades and bigger stakes from Vanguard and Goldman Sachs lifted the stock near its highs even as some warn about rich valuations and note recent insider selling.