Brenmiller Energy Ltd (BNRG)
NASDAQ:BNRG
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Brenmiller
(NASDAQ:BNRG)
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Rating:41Neutral
Price Target:
$1.50
▲(188.46% Upside)
Action:Reiterated
Date:05/30/26
BNRG scores low primarily due to persistently weak financial fundamentals (large losses, ongoing cash burn, and higher leverage). Technical indicators add further downside pressure with price trading well below key moving averages and negative MACD. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Commercial validation
Completing and commissioning the 32 MWh Tempo bGen system provides durable technical validation of Brenmiller’s TES at commercial scale. A working flagship reduces deployment risk, creates a repeatable reference for industrial customers, and supports scalable sales and project financing models.
Negative Factors
Negative cash generation
Persistent negative operating and free cash flow means the business consumes cash to run and grow, requiring repeated external financing. This structural cash burn constrains runway, increases execution risk on multi-year projects, and forces capital-allocation tradeoffs that can slow commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial validation
Completing and commissioning the 32 MWh Tempo bGen system provides durable technical validation of Brenmiller’s TES at commercial scale. A working flagship reduces deployment risk, creates a repeatable reference for industrial customers, and supports scalable sales and project financing models.
Read all positive factors
Brenmiller (BNRG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$855.67K
Dividend YieldN/A
Average Volume (3M)52.26K
Price to Earnings (P/E)―
Beta (1Y)0.99
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 Cap1.73
Enterprise Value/Revenue3.82
Enterprise Value/Gross Profit-0.72
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. engages in development, production, marketing, and sale of thermal energy storage systems based on technology that enables heat storage at high temperatures in crushed volcanic rock. Its TES system dispatches thermal energy ...
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
2.72
Negative
6.90
Negative
30.47
Negative
Market Momentum
-0.40
Negative
38.22
Neutral
55.12
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 2.05, below the 50-day MA of 2.72, and below the 200-day MA of 30.47, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 38.22 is Neutral, neither overbought nor oversold. The STOCH value of 55.12 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% | |
41 Neutral | $855.67K | >-0.01 | -327.21% | ― | ― | 21.46% | |
| ― | $6.69M | -0.28 | -2.68% | ― | 1598.12% | 73.09% | |
56 Neutral | $51.51M | -13.23 | -64.74% | ― | -77.09% | -82.90% | |
53 Neutral | $12.18M | -2.60 | -177.63% | ― | 838.07% | 88.10% | |
43 Neutral | $69.50M | -4.98 | -43.78% | ― | ― | 26.87% |
* Utilities Sector Average
BNRG
Brenmiller
1.66
-86.50
-98.12%
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0.29
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-95.15%
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Fusion Fuel Green
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WAVE
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8.82
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VGAS
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1.56
-1.95
-55.56%
Brenmiller Corporate Events
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...
Brenmiller Energy Calls March 31 Special Meeting to Approve Reverse Share Split
Mar 16, 2026
Brenmiller Energy Ltd. has called a Special General Meeting of shareholders for March 31, 2026, at its Rosh Haayin headquarters in Israel, with a March 19, 2026 record date determining which ordinary shareholders may vote. The board is asking inve...
Brenmiller Energy Completes First Commercial-Scale Boiler Replacement Project and Updates Share Count
Mar 2, 2026
Brenmiller Energy, an Israel-based provider of thermal energy storage systems for industrial decarbonization, develops its proprietary bGen technology to convert electricity into dispatchable heat for industrial and utility customers. The company ...
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.
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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.