Brenmiller Energy Ltd (BNRG)
NASDAQ:BNRG
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Brenmiller
(NASDAQ:BNRG)
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Rating:41Neutral
Price Target:
$0.63
▲(20.96% Upside)
Action:ReiteratedDate:03/28/26
The score is driven down primarily by very weak financial performance (persistent losses, negative gross profit, and ongoing cash burn) and a bearish technical trend (price below all key moving averages with negative MACD). Valuation provides limited offset because the negative P/E reflects losses and there is no dividend yield.
Positive Factors
Commercial-scale validation
Delivering and commissioning the 32 MWh Tempo boiler-replacement validates bGen at industrial scale. A proven reference reduces technical and execution risk, strengthens repeatable EPC-style project delivery capability, and materially improves credibility with large industrial buyers over the next 2-6 months.
Negative Factors
Persistent negative cash flow
Consistent negative operating and free cash flow with an increased 2025 burn means the business consumes cash to operate and scale. This structural cash deficit forces dependence on external funding, risks project slowdowns if capital tightens, and constrains reinvestment into commercial expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial-scale validation
Delivering and commissioning the 32 MWh Tempo boiler-replacement validates bGen at industrial scale. A proven reference reduces technical and execution risk, strengthens repeatable EPC-style project delivery capability, and materially improves credibility with large industrial buyers over the next 2-6 months.
Read all positive factors
Brenmiller (BNRG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$434.67K
Dividend YieldN/A
Average Volume (3M)52.26K
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees52
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-9.01
Shares Outstanding715,852
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 Cap3.64
Enterprise Value/Revenue4.09
Enterprise Value/Gross Profit-0.77
Enterprise Value/Ebitda-0.14
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’s revenue model is primarily project- and product-based, centered on selling and deploying its thermal energy storage systems and related solutions. Key revenue streams include: (1) System sales and project delivery: revenue generated f...
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 | -3.63M | -985.00K | -934.00K | -415.00K | -3.66M |
| EBITDA | -11.30M | -12.18M | -6.19M | -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
1.37
Negative
3.58
Negative
8.63
Negative
Market Momentum
-0.22
Negative
30.58
Neutral
38.64
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 0.67, below the 50-day MA of 1.37, and below the 200-day MA of 8.63, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 30.58 is Neutral, neither overbought nor oversold. The STOCH value of 38.64 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 | $434.67K | -0.10 | -327.21% | ― | ― | ― | |
| ― | $7.81M | -1.12 | -2.68% | ― | ― | -50.02% | |
48 Neutral | $35.04M | -10.17 | -54.97% | ― | -40.99% | -46.52% | |
48 Neutral | $69.94M | -2.60 | -16.59% | ― | ― | 23.66% | |
39 Underperform | $8.36M | ― | -177.63% | ― | ― | ― |
* Utilities Sector Average
BNRG
Brenmiller
0.61
-48.04
-98.75%
CREG
Smart Powerr Corp
0.34
-5.36
-94.04%
HTOO
Fusion Fuel Green
2.77
-5.10
-64.80%
WAVE
Eco Wave Power Global
6.00
1.13
23.10%
VGAS
Verde Clean Fuels
1.57
-2.25
-58.90%
Brenmiller Corporate Events
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 ...
Brenmiller Energy Raises $1 Million in New Alpha Funding, Triggers Warrant Adjustments
Feb 13, 2026
On February 13, 2026, Brenmiller Energy closed an additional $1 million subsequent funding with Alpha Capital Anstalt under a previously disclosed $25 million securities purchase agreement, issuing 1,000 preferred shares convertible at $2.541 per ...
Brenmiller Energy to Implement 7-for-1 Reverse Share Split in January 2026
Jan 21, 2026
On January 21, 2026, Brenmiller Energy Ltd. announced it will implement a 7-for-1 reverse share split of its issued and outstanding ordinary shares after market close on January 23, 2026, with trading on a post-split basis on the Nasdaq Capital Ma...
Brenmiller Shareholders Approve Sole Agenda Item at Reconvened Special Meeting
Jan 13, 2026
On January 13, 2026, Brenmiller Energy Ltd. held a Special General Meeting of Shareholders in Israel that was initially opened but immediately adjourned for lack of quorum and then reconvened the same day at noon, when a quorum was present and sha...
Brenmiller Energy Secures Additional $1 Million from Alpha and Triggers Broad Warrant and Preferred Share Adjustments
Dec 30, 2025
On December 30, 2025, Brenmiller Energy Ltd. reported that it closed a second subsequent $1 million funding with investor Alpha Capital Anstalt, issuing 1,000 preferred shares convertible at $0.688 per ordinary share and 1,453,488 ordinary warrant...
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.