Bloom Energy (BE) AI Stock Analysis

• Market Cap: $25.83B
• Dividend Yield: N/A
• Average Volume (3M): 14.72M
• Price to Earnings (P/E): 23091.5
• Beta (1Y): 2.00
• Revenue Growth: 22.72%
• EPS Growth: N/A
• Country: US
• Employees: 2,127
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): N/A
• Shares Outstanding: 233,997,970
• 10 Day Avg. Volume: 13,622,364
• 30 Day Avg. Volume: 14,718,168
• PEG Ratio: 1.90
• Price to Book (P/B): 8.98
• Price to Sales (P/S): 3.43
• P/FCF Ratio: 152.35
• Enterprise Value/Market Cap: 0.25
• Enterprise Value/Revenue: 4.01
• Enterprise Value/Gross Profit: 12.18
• Enterprise Value/Ebitda: 46.62
• 1Y Price Target: $79.35
• Price Target Upside: -28.11% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 18

• Rating: 69 Neutral
• Price Target: $114.00 ▲(3.28% Upside)

Bloom Energy's strong technical momentum and positive earnings call insights are major strengths, driving the score higher. However, high leverage and valuation concerns due to an extremely high P/E ratio limit the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term financial stability and expansion.

Strategic Partnerships

Partnerships with major companies enhance market reach and credibility, providing opportunities for technology deployment and revenue diversification.

Investment and Expansion

The significant investment supports technological advancement and capacity expansion, positioning Bloom Energy for future growth in AI-driven markets.

Negative Factors

High Leverage

High leverage can increase financial risk, limiting flexibility and potentially impacting the company's ability to invest in growth opportunities.

Operational Efficiency

Modest operational efficiency suggests room for improvement in cost management and profitability, which is crucial for sustaining competitive advantage.

Revenue Recognition Challenges

Uncertainties in revenue recognition can create volatility in financial results, complicating financial planning and investor expectations.

Bloom Energy Business Overview & Revenue Model

Company Description

Bloom Energy (BE) is a renewable energy company that specializes in the development and deployment of solid oxide fuel cell technology. Founded in 2001, Bloom Energy focuses on providing clean, reliable, and affordable energy solutions for businesses and utility providers. The company's primary product, the Bloom Energy Server, converts natural gas, biogas, or hydrogen into electricity through an electrochemical process, significantly reducing greenhouse gas emissions compared to traditional fossil fuel sources. Bloom Energy operates primarily in the energy sector, targeting markets that demand sustainable energy solutions.

How the Company Makes Money

Bloom Energy generates revenue primarily through the sale of its fuel cell systems, known as Bloom Energy Servers. The company employs a combination of direct sales and long-term power purchase agreements (PPAs) with commercial and industrial customers, as well as utility providers. These agreements allow customers to purchase energy produced by Bloom's fuel cells at a fixed rate, providing a stable income stream for the company. Additionally, Bloom Energy benefits from government incentives and tax credits associated with renewable energy production, further enhancing its revenue potential. Strategic partnerships with major corporations and investments in research and development to advance fuel cell technology also contribute to its financial growth.

Bloom Energy Financial Statement Overview

Summary

Bloom Energy has shown strong revenue growth and improved profitability metrics, with a positive net profit margin and cash flow improvements. However, high leverage and modest operational efficiency remain concerns.

Income Statement

Bloom Energy's revenue has shown a consistent upward trajectory with a strong growth rate from 2020 to 2025. The TTM (Trailing-Twelve-Months) gross profit margin stands at 30.3%, and the net profit margin is 1.45%, marking a significant improvement from previous negative net incomes. However, EBIT and EBITDA margins remain modest at 4.44% and 7.87% respectively, indicating room for operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio is high, reflecting significant leverage which could pose risks. However, stockholders' equity has strengthened, yielding an equity ratio of 23.5% in the TTM. Return on Equity (ROE) has turned positive in the TTM, indicating improved profitability, but overall leverage remains a concern.

Cash Flow

Bloom Energy's cash flow has improved with positive free cash flow growth in the TTM, and the operating cash flow to net income ratio indicates a healthy conversion of operating profits into cash. However, historical volatility in cash flows and a dependency on financing activities for liquidity pose potential risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.63B	1.47B	1.33B	1.20B	972.18M	794.25M
Gross Profit	536.53M	404.65M	197.79M	148.29M	195.01M	161.40M
EBITDA	140.13M	89.33M	-135.13M	-198.89M	-60.14M	-42.44M
Net Income	23.65M	-29.23M	-302.12M	-301.41M	-164.44M	-157.55M
Balance Sheet
Total Assets	2.53B	2.66B	2.41B	1.95B	1.73B	1.45B
Cash, Cash Equivalents and Short-Term Investments	574.76M	802.85M	664.59M	348.50M	396.04M	246.95M
Total Debt	1.52B	1.53B	1.45B	1.02B	1.12B	913.37M
Total Liabilities	1.91B	2.07B	1.89B	1.57B	1.73B	1.31B
Stockholders Equity	594.58M	562.47M	502.08M	340.78M	-44.33M	78.82M
Cash Flow
Free Cash Flow	44.06M	33.15M	-456.27M	-308.55M	-110.49M	-136.61M
Operating Cash Flow	90.97M	92.00M	-372.53M	-191.72M	-60.68M	-98.69M
Investing Cash Flow	-46.78M	-58.78M	-83.72M	-116.82M	-46.70M	-37.91M
Financing Cash Flow	-76.71M	175.21M	683.35M	211.36M	306.38M	175.93M

Bloom Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 110.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 110.38 is above the 20-day moving average (MA) of 99.12, above the 50-day MA of 76.42, and above the 200-day MA of 36.90, indicating a bullish trend. The MACD of 9.23 indicates Positive momentum. The RSI at 62.40 is Neutral, neither overbought nor oversold. The STOCH value of 49.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BE.

Bloom Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BE	―	$25.83B	23,091.49	4.65%	―	22.72%	―
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EOSE	―	$4.48B	―	―	―	128.49%	-697.81%
ENVX	―	$2.42B	―	-68.46%	―	60.04%	52.49%
PLUG	―	$3.63B	―	-84.40%	―	-1.70%	9.93%
FCEL	―	$256.75M	―	-29.51%	―	78.82%	-20.81%
ADSE	―	$554.44M	-7.26	―	―	-69.30%	9.90%

Bloom Energy Corporate Events

Bloom Energy Expands Board with New Appointment

On August 6, 2025, Bloom Energy announced the appointment of Jim Hagemann Snabe to its Board of Directors, expanding the board from nine to ten members. Snabe, a veteran in the technology industry and former Co-CEO of SAP AG, brings extensive experience in scaling global enterprises, which is expected to aid Bloom Energy in accelerating its growth and leadership in the global energy transition. His appointment is seen as a strategic move to strengthen Bloom’s mission to provide clean, reliable, and affordable power solutions worldwide.

The most recent analyst rating on (BE) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Bloom Energy stock, see the BE Stock Forecast page.

Bloom Energy’s Earnings Call: Record Growth and Strategic Moves

The latest earnings call from Bloom Energy paints a picture of robust performance and strategic growth, with the company achieving record-breaking revenue and profitability. The sentiment expressed during the call was overwhelmingly positive, highlighting strategic partnerships and successful financial management. However, some challenges, such as increased inventory levels and dependency on customer readiness for revenue recognition, were also noted. Overall, the positive aspects significantly outweigh the lowlights, indicating a bright outlook for Bloom Energy.

Bloom Energy Reports Record Revenue and Strategic Growth

Bloom Energy Corporation, a leader in the field of onsite electricity generation, specializes in providing scalable, low-carbon power solutions for commercial and industrial sectors, including data centers and large utilities. The company is headquartered in Silicon Valley and has deployed over 1.5 GW of power across more than 1,200 installations worldwide.