Bloom Energy (BE)
NYSE:BE
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Bloom Energy
(NYSE:BE)
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Rating:70Outperform
Price Target:
$249.00
▲(19.79% Upside)
Action:UpgradedDate:04/29/26
The score is driven by strong technical momentum and a very positive earnings call with materially raised guidance and improving profitability/cash flow. This is tempered by elevated balance-sheet leverage and weak/volatile net profitability, plus a high P/E that makes valuation less forgiving.
Positive Factors
Revenue Growth & Backlog
Sustained top-line expansion and a roughly $20B backlog provide durable demand visibility across multi-year deployment cycles. A large product backlog converts to forward revenue and justifies continued manufacturing scale, reducing near-term revenue volatility driven by single projects.
Negative Factors
Elevated Leverage
High leverage materially constrains financial flexibility and increases interest and refinancing risk during cyclical swings. Even with improving cash flow, substantial debt raises the stakes on execution and makes the company more sensitive to demand timing or unexpected cost pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Backlog
Sustained top-line expansion and a roughly $20B backlog provide durable demand visibility across multi-year deployment cycles. A large product backlog converts to forward revenue and justifies continued manufacturing scale, reducing near-term revenue volatility driven by single projects.
Read all positive factors
Bloom Energy (BE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$81.91B
Dividend YieldN/A
Average Volume (3M)10.24M
Price to Earnings (P/E)135.1
Beta (1Y)2.45
Revenue Growth56.53%
EPS Growth-246.15%
CountryUS
Employees2,127
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.44
Shares Outstanding284,439,100
10 Day Avg. Volume9,834,944
30 Day Avg. Volume10,244,947
Financial Highlights & Ratios
PEG Ratio-1.28
Price to Book (P/B)27.18
Price to Sales (P/S)10.32
P/FCF Ratio365.25
Enterprise Value/Market Cap0.85
Enterprise Value/Revenue28.38
Enterprise Value/Gross Profit91.23
Enterprise Value/Ebitda782.56
Forecast
1Y Price Target
$230.67Price Target Upside10.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
EPS Forecast (FY)1.45
Revenue Forecast (FY)$3.24B
Bloom Energy Business Overview & Revenue Model
Company Description
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a power generation platform that conve...
How the Company Makes Money
Bloom Energy primarily makes money by selling and deploying fuel cell power generation systems and by providing associated services over the life of those systems. Key revenue streams generally include: (1) Product and installation-related revenue...
Bloom Energy Key Performance Indicators (KPIs)
Any
Profit Margin by Segment
Shows the efficiency of various segments in converting revenue into profit, indicating competitive strengths and potential vulnerabilities in the business model.
Shows the efficiency of various segments in converting revenue into profit, indicating competitive strengths and potential vulnerabilities in the business model.
Data provided by:
The Fly
The FlyBloom Energy Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 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 | 2.45B | 2.02B | 1.47B | 1.33B | 1.20B | 972.18M |
| Gross Profit | 761.91M | 587.40M | 404.65M | 197.79M | 148.29M | 195.01M |
| EBITDA | 88.83M | 20.05M | 89.33M | -135.13M | -198.89M | -60.14M |
| Net Income | 6.03M | -88.43M | -29.23M | -302.12M | -301.41M | -164.44M |
Balance Sheet | ||||||
| Total Assets | 4.66B | 4.40B | 2.66B | 2.41B | 1.95B | 1.73B |
| Cash, Cash Equivalents and Short-Term Investments | 2.49B | 2.45B | 802.85M | 664.59M | 348.50M | 396.04M |
| Total Debt | 2.77B | 2.99B | 1.53B | 1.45B | 1.02B | 1.12B |
| Total Liabilities | 3.72B | 3.60B | 2.07B | 1.89B | 1.57B | 1.73B |
| Stockholders Equity | 921.47M | 768.64M | 562.47M | 502.08M | 340.78M | -44.33M |
Cash Flow | ||||||
| Free Cash Flow | 233.00M | 57.19M | 33.15M | -456.27M | -308.55M | -110.49M |
| Operating Cash Flow | 301.59M | 113.95M | 92.00M | -372.53M | -191.72M | -60.68M |
| Investing Cash Flow | -124.84M | -93.12M | -58.78M | -83.72M | -116.82M | -46.70M |
| Financing Cash Flow | 1.51B | 1.51B | 175.21M | 683.35M | 211.36M | 306.38M |
Bloom Energy Technical Analysis
Positive
207.86
Price Trends
155.88
Positive
136.05
Positive
103.34
Positive
Market Momentum
15.07
Negative
68.32
Neutral
81.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BE, the sentiment is Positive. The current price of 207.86 is above the 20-day moving average (MA) of 157.47, above the 50-day MA of 155.88, and above the 200-day MA of 103.34, indicating a bullish trend. The MACD of 15.07 indicates Negative momentum. The RSI at 68.32 is Neutral, neither overbought nor oversold. The STOCH value of 81.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $81.91B | 135.06 | -13.63% | ― | 56.53% | -246.15% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $722.62M | -4.17 | -26.54% | ― | 48.29% | 11.56% | |
52 Neutral | $1.39B | -10.09 | -62.42% | ― | 37.91% | 40.36% | |
50 Neutral | $4.75B | -1.40 | -110.00% | ― | 12.90% | 47.36% | |
49 Neutral | $710.05M | -12.24 | 426.68% | ― | -69.97% | 48.13% | |
47 Neutral | $2.15B | -3.08 | 73.98% | ― | 631.79% | -43.14% |
* Industrials Sector Average
BE
Bloom Energy
287.97
271.16
1613.09%
FCEL
Fuelcell Energy
13.64
9.56
234.31%
PLUG
Plug Power
3.41
2.56
301.18%
EOSE
Eos Energy Enterprises
6.34
1.20
23.35%
ENVX
Enovix
6.40
0.26
4.23%
ADSE
ADS-TEC Energy
11.81
-1.64
-12.19%
Bloom Energy Corporate Events
Business Operations and StrategyFinancial Disclosures
Bloom Energy Delivers Record Q1 Results, Lifts 2026 Outlook
Positive
Apr 28, 2026
On April 28, 2026, Bloom Energy reported record results for the quarter ended March 31, 2026, with revenue surging 130% year over year to $751.1 million, driven by 208% growth in product revenue and stronger service margins. The company swung from...
Private Placements and FinancingRegulatory Filings and Compliance
Bloom Energy Files Prospectus Supplement for Stock Offering
Neutral
Apr 27, 2026
Bloom Energy Corporation, a provider of on-site power generation solutions using solid oxide fuel cell technology, serves commercial and industrial customers seeking efficient and lower-emission energy options. The company focuses on delivering de...
Business Operations and StrategyPrivate Placements and Financing
Bloom Energy Issues Warrant to Oracle in Strategic Deal
Positive
Apr 13, 2026
On April 9, 2026, Bloom Energy issued Oracle a fully vested warrant to purchase up to 3,531,073 shares of Bloom’s Class A common stock at an exercise price of $113.28 per share, reflecting the stock’s closing price on October 28, 2025....
Business Operations and StrategyExecutive/Board Changes
Bloom Energy Appoints New CFO to Drive Growth
Positive
Mar 26, 2026
On March 26, 2026, Bloom Energy announced that Simon Edwards will become chief financial officer on April 13, 2026, with acting principal financial officer Maciej Kurzymski continuing as principal accounting officer. The appointment brings in a fi...
Business Operations and StrategyFinancial Disclosures
Bloom Energy posts record 2025 revenue on AI demand
Positive
Feb 5, 2026
On February 5, 2026, Bloom Energy reported record full-year 2025 revenue of $2.02 billion, up 37.3% from 2024, driven by strong growth in AI data center demand and continued strength in its commercial and industrial business. The company expanded ...
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.