Brenmiller Energy Ltd (BNRG)
NASDAQ:BNRG
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Brenmiller
(NASDAQ:BNRG)
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Rating:40Underperform
Price Target:
$1.00
▲(92.31% Upside)
Action:Reiterated
Date:06/10/26
The score is driven primarily by very weak financial performance (persistent losses, negative free cash flow, and elevated leverage). Technical indicators add further pressure with a strong downtrend versus key moving averages and negative MACD. Valuation provides limited offset because the negative P/E reflects losses and there is no dividend yield data.
Positive Factors
Commercial-scale deployment
The company moved from validation to early commercialization by delivering a flagship 32 MWh Tempo project and recording first system sale revenue. A live reference site and initial revenue establish customer proof-points and operational experience that support repeatable industrial sales and pipeline conversion.
Negative Factors
Negative cash generation
Persistent negative operating and free cash flows indicate the business consumes cash to operate and grow. Continued cash burn creates execution risk absent sustained external funding, constraints on reinvestment, and pressure on the timing of reaching break-even for project economics and recurring-service revenues.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial-scale deployment
The company moved from validation to early commercialization by delivering a flagship 32 MWh Tempo project and recording first system sale revenue. A live reference site and initial revenue establish customer proof-points and operational experience that support repeatable industrial sales and pipeline conversion.
Read all positive factors
Brenmiller (BNRG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$597.94K
Dividend YieldN/A
Average Volume (3M)52.26K
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue GrowthN/A
EPS Growth21.46%
CountryUS
Employees52
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-158.90
Shares Outstanding515,465
10 Day Avg. Volume53,873
30 Day Avg. Volume52,259
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.40
Price to Sales (P/S)3.63
P/FCF Ratio-0.13
Enterprise Value/Market Cap2.42
Enterprise Value/Revenue3.74
Enterprise Value/Gross Profit-0.71
Enterprise Value/Ebitda-0.13
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Brenmiller Business Overview & Revenue Model
Company Description
Brenmiller Energy Ltd. specializes in the creation, manufacturing, and distribution of advanced thermal energy storage (TES) solutions. Their core innovation lies in a technology that facilitates the retention of heat at extreme temperatures withi...
How the Company Makes Money
Brenmiller primarily makes money by selling and deploying thermal energy storage projects and related equipment and services centered on its bGen™ system. Revenue is generally generated through (1) system and project sales: engineering, procuremen...
Brenmiller Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
34
Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 387.00K | 387.00K | 0.00 | 621.00K | 1.52M | 395.00K |
| Gross Profit | -2.04M | -3.21M | -985.00K | -934.00K | -415.00K | -3.66M |
| EBITDA | -11.30M | -12.97M | -6.30M | -9.26M | -10.70M | -9.83M |
| Net Income | -12.64M | -13.90M | -6.77M | -9.65M | -11.07M | -11.02M |
Balance Sheet | ||||||
| Total Assets | 9.34M | 12.49M | 11.91M | 10.59M | 12.38M | 14.60M |
| Cash, Cash Equivalents and Short-Term Investments | 2.13M | 4.95M | 4.10M | 3.18M | 6.51M | 8.28M |
| Total Debt | 5.23M | 5.84M | 4.82M | 5.61M | 6.65M | 3.41M |
| Total Liabilities | 8.15M | 9.00M | 7.43M | 7.71M | 9.72M | 9.05M |
| Stockholders Equity | 1.19M | 3.49M | 4.49M | 2.88M | 4.63M | 5.54M |
Cash Flow | ||||||
| Free Cash Flow | -11.10M | -10.62M | -9.85M | -9.58M | -11.57M | -8.26M |
| Operating Cash Flow | -10.91M | -10.40M | -9.51M | -6.92M | -10.10M | -8.02M |
| Investing Cash Flow | -310.00K | -398.00K | -422.00K | -2.61M | -1.36M | -238.00K |
| Financing Cash Flow | 6.31M | 11.50M | 10.94M | 6.36M | 11.20M | 14.20M |
Brenmiller Technical Analysis
Negative
0.52
Price Trends
2.20
Negative
4.52
Negative
25.39
Negative
Market Momentum
-0.29
Negative
38.61
Neutral
23.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BNRG, the sentiment is Negative. The current price of 0.52 is below the 20-day moving average (MA) of 1.45, below the 50-day MA of 2.20, and below the 200-day MA of 25.39, indicating a bearish trend. The MACD of -0.29 indicates Negative momentum. The RSI at 38.61 is Neutral, neither overbought nor oversold. The STOCH value of 23.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BNRG.
Brenmiller Risk Analysis
Brenmiller disclosed 54 risk factors in its most recent earnings report. Brenmiller reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Our amended and restated articles of association provide that, unless we consent in writing to an alternative forum, the federal district courts of the United States of America shall be the sole and exclusive forum for resolution of any complaint asserting a cause of action arising under the Securities Act, which could limit our shareholders' ability to choose the judicial forum for disputes with us, our directors, shareholders, or other employees. Q4, 2025
2.
You may experience future dilution as a result of future capital raising and other issuances of our securities. Q4, 2025
3.
We have outstanding warrants and preferred shares, some of which contain "full-ratchet" anti-dilution protection, which have caused significant dilution to our shareholders and may cause further significant dilution to our shareholders. Q4, 2025
Brenmiller Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
40 Underperform | $597.94K | >-0.01 | -327.21% | ― | ― | 21.46% | |
| ― | $7.61M | -2.65 | -1.95% | ― | 1598.12% | 73.09% | |
56 Neutral | $47.53M | -12.21 | -64.74% | ― | -77.09% | -82.90% | |
53 Neutral | $9.43M | -2.05 | -177.63% | ― | 838.07% | 88.10% | |
46 Neutral | $67.72M | -4.85 | -43.78% | ― | ― | 26.87% |
* Utilities Sector Average
BNRG
Brenmiller
1.16
-85.99
-98.67%
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2.77
-18.59
-87.03%
HTOO
Fusion Fuel Green
2.86
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-63.19%
WAVE
Eco Wave Power Global
8.14
3.52
76.15%
VGAS
Verde Clean Fuels
1.52
-1.91
-55.69%
Brenmiller Corporate Events
Brenmiller Secures Up to $2.5 Million Premium Financing to Fuel BNRG360 Strategy
Jun 11, 2026
On June 11, 2026, Brenmiller Energy entered into a second amendment to its securities purchase agreement with Alpha Capital Anstalt, securing a $1.5 million investment via convertible preferred shares and accompanying warrants, with an initial con...
Brenmiller Amends ATM Sales Agreement With A.G.P. Ahead of New F-3 Shelf
Jun 4, 2026
On June 3, 2026, Brenmiller Energy amended its at-the-market Sales Agreement with A.G.P./Alliance Global Partners to align it with the expected expiration of its current Form F-3 shelf registration and the planned filing of a replacement shelf. Th...
Brenmiller Energy Raises $1 Million in Sixth Alpha Capital Funding Tranche
Jun 2, 2026
On June 1, 2026, Brenmiller Energy closed a further $1 million funding tranche with investor Alpha Capital Anstalt under a previously signed $25 million securities purchase agreement dating back to July 25, 2025. The latest “Sixth Subsequent...
Brenmiller Energy Elevates Nir Brenmiller to CEO Amid Strategic Decarbonization Push
May 18, 2026
On May 14, 2026, Brenmiller Energy’s board appointed long-time executive Nir Brenmiller as chief executive officer, a move announced publicly on May 18, 2026. His promotion, which is contingent on shareholder approval of updated compensation...
Brenmiller Raises Additional $1 Million in Alpha Capital Funding Tranche to Advance TES Projects
Apr 27, 2026
On April 27, 2026, Brenmiller Energy closed a further $1 million financing tranche under its existing securities purchase agreement with Alpha Capital Anstalt, issuing 1,000 preferred shares convertible at $3.39 per share and ordinary warrants for...
Brenmiller Energy Shareholders Approve Sole Agenda Item at Adjourned March 31 Meeting
Mar 31, 2026
On March 31, 2026, Brenmiller Energy convened a Special General Meeting of Shareholders in Israel, which was initially adjourned due to a lack of quorum at 10:00 a.m. local time. The meeting reconvened at 12:00 p.m., at which point a quorum was pr...
Brenmiller Energy Marks First TES Revenue and Launches BNRG360 Strategy in 2025 Business Update
Mar 25, 2026
On March 25, 2026, Brenmiller Energy issued a business update and filed its 2025 annual report, highlighting that 2025 marked a shift from technology validation to early commercialization. The company delivered its flagship 32 MWh Tempo project in...
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.