A forward P/E ratio of 31–33 for 2026 looks reasonable. Fundamentals are strong—I’m no expert, but I imagine the components will see price increases since some are already sold out through 2030. I don’t understand why the stock should continue to be sold off so heavily here. This isn’t Bloom Energy, which isn’t making a profit yet. Good luck! I’ve also bought some (this is not investment advice).
