Bloom Energy's stock has surged 321% over the past year, currently trading at $207 per share, with its valuation significantly exceeding historical levels, according to analysis. The company's diluted EPS for Q1 and Q2 2026 are projected at $0.23 and $0.62, respectively, with revenue expected to reach $3.9 billion to $4.2 billion in 2026. Given its high valuation, the article suggests investors consider buying the Global X Hydrogen ETF (HYDR), which currently trades at $43 per share with $103 million in AUM, and holds Bloom Energy as its largest position at 13.4%.