What happened Bloom Energy (NYSE: BE) stock jumped out of the gate Friday, racing ahead 6.2% through 10:45 a.m. EDT on the back of a bullish note from investment bank J.P. Morgan. Citing a 21% pullback in Bloom's share price over the past month, J.P. insisted that the stock is still worth $36 a share, and upgraded its recommendation to "overweight." Image source: Getty Images. So what From November last year through February 2021, the analyst says, investors were exhibiting "momentum-style euphoria" over the prospects for hydrogen fuel cell stocks. That euphoria, however, turned into fear that stocks like Bloom and its peers Plug Power and FuelCell Energy had been bid up too far -- sparking a sell-off. And yet, StreetInsider.com reports that J.P. Morgan remains convinced that "BE's proprietary solid-oxide fuel-cell technology [installed] in small, clean, configurable modules that can be located anywhere there is a gas supply," will make the company's electricity offerings "competitive with the grid in most markets globally in the 2020s, yielding an estimated [total addressable market] of over $150BN." Now what Granted, there's no guarantee that Bloom will win the entirety of this market. Plug and FuelCell, among others, will also try to claim their share. Nevertheless, J.P. Morgan insists that there's a "strong value proposition" to buying Bloom Energy at its recent valuation of four times sales after its sell-off. Is the "hydrogen economy" for real? Only time will tell for sure, but investors who believe the hype should keep a close eye on Bloom Energy in particular, because of the three major publicly traded hydrogen plays, it's the one expected to begin producing profits earliest. According to S&P Global Market Intelligence, Bloom's first full-year profit will arrive in 2023, while Plug investors will have to wait until 2024, and FuelCell investors until 2025. 10 stocks we like better than Bloom Energy CorpWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Bloom Energy Corp wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source