An analysis suggests Bloom Energy (NYSE:BE) is a better stock to buy in 2026 compared to pre-revenue small modular reactor developer Oklo (NYSE:OKLO). The analysis highlights Bloom Energy's proven solid-oxide fuel cell technology, which generated nearly $2.0 billion in revenue in FY 2025 (up 37.3%), despite a net loss of $88.4 million. It also notes Bloom Energy's recent $1.7 billion project with Nebius and a financing framework with Brookfield Asset Management.

Conversely, Oklo, while having signed significant agreements with Switch and Meta Platforms for future power needs, reported no revenue in FY 2025 and a net loss of $105.7 million, facing regulatory uncertainty and a $6.75 billion market cap without commercialized technology. The analysis points to Bloom Energy's 40% stock retreat from its late June high as an opportunity, anticipating year-over-year revenue doubling in 2026.