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Bloom Energy
(NYSE:BE)
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Rating:66Neutral
Price Target:
$203.00
▲(9.80% Upside)
Action:Reiterated
Date:07/29/26
Overall score is driven primarily by improving fundamentals (strong revenue growth, margin expansion, and sharply better operating/free cash flow) and a very bullish earnings call with materially raised guidance. Offsetting factors are elevated leverage on the balance sheet and weak intermediate-term technical trend (price below 20/50/100-day averages), while valuation metrics are not supportive due to a negative P/E and no dividend yield provided.
Positive Factors
Strong free cash flow conversion
Sustained, high FCF and strong conversion of earnings into cash provide durable funding for manufacturing scale, working capital and service operations without sole reliance on equity or debt. That cash buffer improves strategic optionality for capex, R&D and customer financing over 2–6 months.
Negative Factors
Meaningful leverage remains
Although leverage has improved from prior years, a still‑elevated debt load constrains financial flexibility and raises interest and refinancing risk if growth or timing slips. This can limit the company's ability to accelerate capacity investments without higher funding costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow conversion
Sustained, high FCF and strong conversion of earnings into cash provide durable funding for manufacturing scale, working capital and service operations without sole reliance on equity or debt. That cash buffer improves strategic optionality for capex, R&D and customer financing over 2–6 months.
Read all positive factors
Bloom Energy Key Performance Indicators (KPIs)
Any
Gross Profit by Segment
Reveals the profitability of different business segments, highlighting which areas are most lucrative and where there might be room for improvement or strategic focus.
Reveals the profitability of different business segments, highlighting which areas are most lucrative and where there might be room for improvement or strategic focus.
Data provided by:
The Fly
The FlyBloom Energy (BE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$49.14B
Dividend YieldN/A
Average Volume (3M)14.06M
Price to Earnings (P/E)199.6
Beta (1Y)2.71
Revenue Growth90.98%
EPS Growth685.69%
CountryUS
Employees2,214
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.83
Shares Outstanding294,527,340
10 Day Avg. Volume13,032,907
30 Day Avg. Volume14,061,913
Financial Highlights & Ratios
PEG Ratio-1.27
Price to Book (P/B)27.18
Price to Sales (P/S)10.32
P/FCF Ratio365.25
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$271.58Price Target Upside46.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
EPS Forecast (FY)2.15
Revenue Forecast (FY)$3.73B
Bloom Energy Business Overview & Revenue Model
Company Description
Bloom Energy Corporation (BE) is an energy technology company that designs, manufactures, and deploys solid oxide fuel cell systems to generate on-site electricity for commercial, industrial, and other customers. The company’s core offering is mod...
How the Company Makes Money
Bloom Energy makes money primarily by selling and deploying fuel cell power generation systems and by earning recurring revenue from long-term service arrangements tied to those deployments. Key revenue streams include: (1) Product revenue from th...
Bloom Energy Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive operational and financial picture: record quarter metrics, meaningful margin expansion, materially raised full‑year guidance, strong cash balance, marquee data center wins (Oracle), and confidence in scalable manufacturing. Challenges noted were primarily external or timing related (customer build schedules, permitting/community acceptance, and upfront working capital), along with an inconsistency in the presentation of YoY revenue growth that could cause temporary confusion. Management positioned these as manageable or expected constraints while emphasizing competitive advantages in speed‑to‑power, modularity, and cost reduction.Positive Updates
Record Quarter and Raised Full-Year Guidance
Reported record Q1 results and materially raised 2026 guidance to $3.4B–$3.8B (prior $3.1B–$3.3B). Management stated the updated midpoint implies ~80% year‑over‑year revenue growth and positioned the lower end of the new range above the prior range's upper bound.
Negative Updates
Inconsistent Public Metrics Messaging
The call includes conflicting YoY revenue statements—one assertion of >100% YoY growth vs. a numeric disclosure of +13.4% YoY for Q1—creating potential confusion for investors and analysts.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarter and Raised Full-Year Guidance
Reported record Q1 results and materially raised 2026 guidance to $3.4B–$3.8B (prior $3.1B–$3.3B). Management stated the updated midpoint implies ~80% year‑over‑year revenue growth and positioned the lower end of the new range above the prior range's upper bound.
Read all positive updates
Company Guidance
Bloom raised its fiscal‑2026 guidance materially, increasing revenue to $3.4–$3.8 billion (up from a prior range of $3.1–$3.3B), which management said implies roughly 80% year‑over‑year growth at the midpoint; it now expects non‑GAAP gross margin of ~34% (versus ~30% in 2025 and above prior guidance), non‑GAAP operating income of $600–$750 million, and non‑GAAP diluted EPS of $1.85–$2.25. Management cited Q1 results that supported the raise: Q1 revenue $751.1 million (product $653.3M; service $61.9M), Q1 gross margin 31.5% (≈+280 bps YoY), product margin 35.3%, services margin 18%, operating income $129.7M (17.3% operating margin), adjusted EBITDA $143M (~19% margin), non‑GAAP diluted EPS $0.44, operating cash flow +$73.6M, and $2.52 billion of cash on the balance sheet, while manufacturing capacity is targeted at 5 GW/year with plans to add hundreds of megawatts per quarter.Bloom Energy Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
34
Negative
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.11B | 2.02B | 1.47B | 1.33B | 1.20B | 972.18M |
| Gross Profit | 972.69M | 587.40M | 404.65M | 197.79M | 148.29M | 195.01M |
| EBITDA | 309.03M | 20.05M | 89.33M | -135.13M | -198.89M | -60.14M |
| Net Income | 244.94M | -88.43M | -29.23M | -302.12M | -301.41M | -164.44M |
Balance Sheet | ||||||
| Total Assets | 5.63B | 4.40B | 2.66B | 2.41B | 1.95B | 1.73B |
| Cash, Cash Equivalents and Short-Term Investments | 2.67B | 2.45B | 802.85M | 664.59M | 348.50M | 396.04M |
| Total Debt | 2.60B | 2.99B | 1.53B | 1.45B | 1.02B | 1.12B |
| Total Liabilities | 3.99B | 3.60B | 2.07B | 1.89B | 1.57B | 1.73B |
| Stockholders Equity | 1.61B | 768.64M | 562.47M | 502.08M | 340.78M | -44.33M |
Cash Flow | ||||||
| Free Cash Flow | 628.14M | 57.19M | 33.15M | -456.27M | -308.55M | -110.49M |
| Operating Cash Flow | 741.13M | 113.95M | 92.00M | -372.53M | -191.72M | -60.68M |
| Investing Cash Flow | -172.18M | -93.12M | -58.78M | -83.72M | -116.82M | -46.70M |
| Financing Cash Flow | 1.52B | 1.51B | 175.21M | 683.35M | 211.36M | 306.38M |
Bloom Energy Technical Analysis
Negative
184.89
Price Trends
262.85
Negative
231.24
Negative
177.64
Negative
Market Momentum
-20.24
Positive
36.11
Neutral
27.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BE, the sentiment is Negative. The current price of 184.89 is below the 20-day moving average (MA) of 229.07, below the 50-day MA of 262.85, and above the 200-day MA of 177.64, indicating a bearish trend. The MACD of -20.24 indicates Positive momentum. The RSI at 36.11 is Neutral, neither overbought nor oversold. The STOCH value of 27.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BE.
Bloom Energy Risk Analysis
Bloom Energy disclosed 59 risk factors in its most recent earnings report. Bloom Energy reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bloom Energy Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $49.14B | 199.62 | 24.77% | ― | 90.98% | 685.69% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | $1.57B | -2.99 | -31.69% | ― | 29.71% | 11.38% | |
49 Neutral | $1.19B | -0.77 | 41.50% | ― | 725.76% | 20.97% | |
49 Neutral | $866.07M | -4.84 | -67.92% | ― | 49.88% | 27.54% | |
49 Neutral | $898.52M | -9.83 | 491.82% | ― | -69.97% | 45.77% | |
48 Neutral | $2.73B | -1.38 | -139.28% | ― | 15.19% | 42.87% |
* Industrials Sector Average
BE
Bloom Energy
163.75
126.13
335.27%
FCEL
Fuelcell Energy
18.08
13.39
285.50%
PLUG
Plug Power
1.90
0.35
22.58%
EOSE
Eos Energy Enterprises
3.14
-2.78
-46.96%
ENVX
Enovix
3.68
-9.82
-72.74%
ADSE
ADS-TEC Energy
12.08
-0.42
-3.36%
Bloom Energy Corporate Events
Business Operations and StrategyFinancial Disclosures
Bloom Energy Posts Record Q2 Results, Raises 2026 Outlook
Positive
Jul 28, 2026
Bloom Energy reported record second-quarter 2026 results on July 28, 2026, with revenue surpassing $1.065 billion and topping the $1 billion mark for the first time, driven by 215% growth in product revenue versus a year earlier. The company swung...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Bloom Energy Refutes Short-Seller Allegations, Affirms Supply Strength
Positive
Jul 9, 2026
On July 8, 2026, Bloom Energy responded to a report from Hunterbrook Media, which disclosed it may hold short positions in the company, and firmly rejected allegations about Bloom’s financial results and accounting practices as false and mis...
Executive/Board Changes
Bloom Energy Grants New Performance-Based RSUs to CEO
Positive
Jun 17, 2026
Bloom Energy is a power technology company that develops and manufactures solid oxide fuel cell platforms that provide resilient, reliable and clean distributed power for on-site and islanded applications. Founded in 2001 by Chief Executive Office...
Executive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Bloom Energy Shareholders Approve Governance and Charter Amendments
Positive
May 27, 2026
At its May 21, 2026 annual meeting, Bloom Energy stockholders approved amendments to the company’s Restated Certificate of Incorporation to add officer exculpation provisions permitted under Delaware law, remove obsolete references to Class ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.