We recently compiled a list of the 10 Stocks Outperform Wall Street Indices on Wednesday. In this article, we are going to take a look at where Bloom Energy Corporation (NYSE:BE) stands against the other stocks.

The stock market ended on a mixed note on Wednesday, with the Dow Jones the sole loser during the session, as investor caution persisted amid confusing tariff policies from President Donald Trump.

The Dow Jones dropped by 0.43 percent, while in contrast, the S&P and Nasdaq finished in the green territory, albeit the S&P inched up by only 0.01 percent, and the Nasdaq ended higher by 0.26 percent.

On Wednesday, Trump raised hopes for another month of delay for the imposition of tariffs on goods from Mexico and Canada, while signaling a 25-percent reciprocal tariff on European cars and goods.

Meanwhile, ten companies defied the broader market pessimism, posting modest to strong gains during the day.

To come up with Wednesday's top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A bird's eye view of a power generation platform with a power plant in the background.

Bloom Energy Corporation (NYSE:BE)

Bloom Energy Corporation (NYSE:BE) saw its share prices rise by 6.51 percent on Wednesday to close at $23.40 apiece as investors repositioned portfolios ahead of the release of its earnings performance on Thursday, February 27 after market close.

Investors will particularly look out for any cues about its outlook for the year, especially with the Trump administration’s plan to expand energy sources in the country to bolster other industries.

According to Zacks Research, it expects fourth-quarter revenues to settle at $551.6 million, which would represent an increase of 43.35 percent from the same period a year earlier.

Meanwhile, earnings per share is expected to settle at 32 cents per share, or a growth of 357.1 percent from the reported figure a year ago.

Overall BE ranks 10th on our list of Wednesday's top gainers. While we acknowledge the potential of BE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as BE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

  Disclosure: None. This article is originally published at  Insider Monkey.