Bloom Energy Corporation
- Open
- 219.00
- Day high
- 235.50
- Day low
- 212.12
- Prev close
- 217.28
- Volume
- 8.8M
- Mkt cap
- $64.0B
- P/E (TTM)
- 260.0
- EPS (TTM)
- $0.90
- P/B
- 39.7
- P/S
- 20.6
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$22.1M over the last 3 months (0 open-market buys, 11 sales)
- 🏛Institutions accumulating (13F)
Bloom Energy Corporation (BE) is a Industrials company listed on NYSE. The stock is up 300% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 11 sales (SEC Form 4). Drillr has 2 published research articles covering BE.
Bloom Energy Corporation (BE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 16 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 28, 2026 | $0.39 | $0.78 | +100.0% | $1.1B | +29.0% |
| Apr 28, 2026 | $0.12 | $0.44 | +255.1% | $751M | +39.1% |
| Feb 5, 2026 | $0.31 | $0.45 | +46.7% | $778M | +19.9% |
| Jul 31, 2025 | $0.01 | $0.10 | +725.8% | $401M | +6.7% |
| Apr 30, 2025 | $-0.07 | $0.03 | +142.9% | $326M | -15.2% |
| Feb 27, 2025 | $0.32 | $0.43 | +34.4% | $572M | +12.8% |
| Nov 7, 2024 | $0.08 | $-0.01 | -112.1% | $330M | -14.0% |
| Aug 8, 2024 | $-0.06 | $-0.06 | +0.0% | $336M | +9.2% |
| May 9, 2024 | $-0.10 | $-0.17 | -70.0% | $235M | -6.0% |
| Feb 15, 2024 | $0.08 | $0.07 | -12.5% | $357M | -25.1% |
| Aug 3, 2023 | $-0.14 | $-0.17 | -21.4% | $301M | -4.0% |
| Feb 9, 2023 | $0.14 | $0.27 | +92.9% | $463M | +16.0% |
BE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 31, 2026 | Edwards Simon Stephenofficer: Chief Financial Officer | Grant | 15,000 | — |
| Aug 18, 2026 | Chitoori Satishofficer: Chief Operations Officer | Sell | 2,053 | $241.64 |
| Aug 18, 2026 | Joshi Amanofficer: Chief Commercial Officer | Sell | 4,677 | $241.75 |
| Aug 18, 2026 | IMMELT JEFFREY Rdirector | Sell | 30,000 | $238.91 |
| Aug 18, 2026 | SODERBERG SHAWN MARIEofficer: See Remarks | Sell | 2,895 | $233.60 |
| Aug 14, 2026 | CHAMBERS JOHN Tdirector | Sell | 15,000 | $250.00 |
| Aug 4, 2026 | CHAMBERS JOHN Tdirector | Sell | 15,000 | $205.58 |
| Jul 2, 2026 | Joshi Amanofficer: Chief Commercial Officer | Sell | 8,343 | $300.37 |
| Jul 2, 2026 | WARNER CYNTHIA Jdirector | Grant | 76 | $302.70 |
| Jul 2, 2026 | IMMELT JEFFREY Rdirector | Grant | 85 | $302.70 |
| Jun 17, 2026 | Chitoori Satishofficer: Chief Operations Officer | Sell | 2,837 | $289.11 |
| Jun 17, 2026 | SODERBERG SHAWN MARIEofficer: See Remarks | Sell | 2,842 | $288.63 |
| Jun 17, 2026 | Kurzymski Maciejofficer: Chief Accounting Officer | Sell | 2,259 | $288.62 |
| Jun 17, 2026 | Joshi Amanofficer: Chief Commercial Officer | Sell | 3,558 | $289.14 |
| Jun 3, 2026 | CHAMBERS JOHN Tdirector | Sell | 55,000 | $297.69 |
Source: BE SEC Form 4 filings, latest Aug 31, 2026. For informational purposes only — not investment advice.
See the full BE insider & 13F page →BE research & analysis
[BE] Bloom Energy Thesis 2026: Datacenter Power Demand Drives Revenue Acceleration
Bloom Energy FY25 (Dec 31, 2025) at $2.02B revenue (+37% from $1.47B FY24). OpInc $73M (+218%); Net loss -$88M (improving from -$29M FY24, -$302M FY23). Diluted EPS -$0.37. FCF $57M (+72%). Total debt $3.0B (+$1.5B for capex/inventory). Solid-oxide fuel cells for distributed power generation. AI/hyperscaler data center power demand thesis. PT rerating Feb-Apr 2026: Baird $172→$242, UBS $170→$251, Jefferies UP→Hold ($97→$187), JPM $166→$231. PT range $97-$184 → $173-$251.
BE Q1: Revenue +130%, Guidance Implies 80% Plateau
Bloom Energy's Q1 2026 130% revenue beat masks the mathematical reality of its raised guidance: sustaining a $950M quarterly run rate rather than continuing hyper-growth. The 20-point guidance raise to 80% full-year growth implies Q1's exceptional pace is unsustainable, pointing to a plateau at elevated levels as AI data center deployments mature.
Bloom Energy Corporation company profile
Overview
Bloom Energy Corporation (NYSE:BE) is a leading manufacturer of solid-oxide fuel cell systems that generate electricity through an electrochemical process. Founded in 2001 and incorporated in Delaware, the company went public in July 2018 after operating as a private company for 17 years. Headquartered in San Jose, California, Bloom Energy has evolved from a startup focused on developing fuel cell technology to a publicly traded company serving data centers, hospitals, manufacturing facilities, and other critical infrastructure applications across the United States and internationally. The company has built a significant presence in distributed power generation, with over $12 billion in product and service backlog as of 2024.
Business
Bloom Energy operates in the distributed power generation industry, specifically manufacturing and deploying solid-oxide fuel cell systems that convert various fuels into electricity without combustion. The company's core product is the Bloom Energy Server, a power generation platform that uses an electrochemical process to transform natural gas, biogas, hydrogen, or fuel blends into clean electricity. To understand how this technology works, imagine a battery that continuously generates power as long as fuel is supplied. Unlike traditional combustion-based generators that burn fuel to create heat and then electricity, Bloom's fuel cells use a chemical reaction at the molecular level. The solid-oxide fuel cell contains ceramic plates that facilitate an electrochemical reaction between fuel and oxygen, directly producing electricity, heat, and water vapor as byproducts. This process is significantly more efficient than combustion, achieving up to 60% electrical efficiency and 90% total efficiency when capturing waste heat. The company operates two primary business segments. The Product business generates approximately 85% of total revenue through the sale and installation of fuel cell systems, typically under long-term contracts ranging from 5 to 20 years. The Service business accounts for roughly 15% of revenue, providing ongoing maintenance, monitoring, and support for deployed systems. Bloom Energy serves critical infrastructure applications including data centers (a rapidly growing segment driven by AI computing demands), hospitals, biotechnology facilities, grocery stores, banks, telecommunications facilities, and manufacturing plants that require reliable, continuous power supply. The company has expanded internationally, with significant operations in South Korea through partnerships and emerging presence in European markets including Italy, Germany, and the United Kingdom. Bloom Energy also manufactures electrolyzers for hydrogen production, representing a growing adjacency to their core fuel cell business.
Revenue model
Bloom Energy generates revenue through two primary models. The dominant product sales model involves selling complete fuel cell systems under long-term contracts, typically structured as power purchase agreements (PPAs) or equipment sales with financing arrangements. Customers pay either upfront for equipment or agree to purchase electricity at predetermined rates over contract periods of 5-20 years. This model generated approximately $1.25 billion in 2024, representing about 85% of total revenue. The service subscription model provides ongoing maintenance, monitoring, and support for deployed systems, generating recurring revenue of approximately $200 million annually. This business achieved profitability for the first time in 2024, with management targeting continued margin expansion as the installed base grows. Paying customers include large enterprises requiring reliable power, such as data centers (increasingly driven by AI computing demands), hospitals, manufacturing facilities, and critical infrastructure operators. These customers typically have high power requirements, need 24/7 reliability, and face constraints from traditional grid connections. Data centers represent the fastest-growing customer segment, with deals ranging from single-digit megawatts to over 100 megawatts per installation. Several factors influence Bloom Energy's margins. Positive margin drivers include increasing electricity prices that make distributed generation more economical, growing power demand from AI and electrification trends, grid reliability issues that increase demand for backup power, and the company's continued product cost reductions of double-digit percentages annually. Negative margin pressures come from natural gas price volatility (higher gas costs reduce customer savings), competitive pressure from alternative power solutions, potential changes to investment tax credits that currently provide customer incentives, and supply chain cost inflation. The company's ability to achieve economies of scale through higher production volumes remains critical for margin expansion, as fixed manufacturing costs are spread across more units.
Competitive moat
Bloom Energy's competitive moat is moderate but strengthening, built primarily on technological differentiation and operational advantages rather than traditional network effects or switching costs. The company's solid-oxide fuel cell technology offers several unique capabilities that create competitive advantages. Most notably, Bloom's systems can operate in "islanded" mode without battery backup, providing continuous power even when disconnected from the electrical grid. This load-following capability allows the fuel cells to adjust output in real-time to match changing power demands, a feature that traditional generators and most competitors cannot match efficiently. The company has built substantial intellectual property around fuel cell chemistry, manufacturing processes, and system integration, accumulated over more than two decades of development. Their manufacturing expertise, particularly in producing ceramic fuel cell stacks at scale, creates barriers for new entrants who would need years to develop similar capabilities. Additionally, Bloom's established relationships with large enterprise customers and proven track record in mission-critical applications provide credibility advantages in an industry where reliability is paramount. However, the moat faces several challenges. The distributed power generation market is attracting significant competition from traditional power equipment manufacturers, battery storage companies, and renewable energy providers. Large industrial companies like General Electric, Caterpillar, and others have substantially greater resources and established customer relationships. The technology itself, while sophisticated, is not impossible to replicate given sufficient investment and time. Additionally, rapid advances in battery storage, solar power, and other clean energy technologies could potentially make fuel cells less attractive for certain applications. The company's international expansion, particularly the successful partnership in South Korea, demonstrates some geographic moat-building, but this remains limited compared to global industrial giants. Overall, Bloom Energy's moat depends heavily on continued technological innovation, cost reduction, and execution excellence rather than structural competitive advantages.
Risks & safety
Bloom Energy presents a moderate margin of safety with mixed financial health indicators that require careful monitoring. **Cash and Liquidity Position:** - Strong cash position of $795 million as of Q1 2025 - Current ratio of 3.44 indicates solid short-term liquidity - However, negative free cash flow of -$125 million in Q1 2025 shows continued cash consumption - Operating cash flow turned positive in 2024 ($92 million) but remains volatile quarter-to-quarter **Debt and Solvency:** - High debt-to-equity ratio of 2.63 indicates significant leverage - Total liabilities of $2.0 billion against $601 million in shareholder equity - Interest coverage appears manageable given improving operational performance - No immediate solvency concerns given cash reserves, but leverage limits financial flexibility **Valuation Metrics:** - Price-to-book ratio of 7.83 suggests premium valuation - EV/EBITDA of -68.9 (negative due to minimal EBITDA) makes traditional valuation difficult - Revenue growth of 39% year-over-year provides some justification for premium - Forward revenue guidance of $1.65-$1.85 billion implies reasonable growth trajectory **Other Considerations:** - Quarterly earnings volatility creates uncertainty around sustainable profitability - Heavy dependence on investment tax credits and policy support - Long sales cycles and project-based revenue create lumpiness in financial results
Recent development
Over the past several years, Bloom Energy has executed a strategic transformation focused on diversifying its customer base, expanding geographically, and enhancing its technology platform. The most significant development has been the company's aggressive pursuit of the data center market, particularly driven by artificial intelligence computing demands. Management has built a substantial pipeline of opportunities ranging from tens to hundreds of megawatts per project, with active negotiations underway with multiple hyperscale data center operators. The company has made substantial investments in manufacturing capacity expansion, completing the first phase of its Fremont factory expansion and adding 300 megawatts of stack manufacturing capacity. Total manufacturing capability now exceeds 1 gigawatt annually, with the ability to rapidly expand to 2 gigawatts within 6-9 months if market demand requires. This expansion positions Bloom Energy to capitalize on the unprecedented power demand growth driven by AI, electrification, and reshoring trends. International expansion has become a key growth driver, with the company establishing a strong presence in South Korea through partnerships with SK Group and other local entities. The landmark 80-megawatt project with SK Eternix and Korea Development Bank represents one of the largest fuel cell deployments globally. Bloom Energy has also entered European markets, with installations at high-profile locations like Ferrari's headquarters in Italy, and is exploring opportunities in Germany, the United Kingdom, and Taiwan. Technologically, the company has achieved significant milestones in hydrogen capabilities, demonstrating record-breaking 60% electrical efficiency and 90% combined heat and power efficiency using 100% hydrogen fuel. This positions Bloom Energy favorably for the emerging hydrogen economy and decarbonization trends. The company has also developed new product features including load-following capabilities, islanded microgrid solutions, and carbon capture technologies. The service business transformation represents another critical development, with the segment achieving profitability for the first time in 2024 after years of losses. This recurring revenue stream now generates positive gross margins and is expected to become an increasingly important contributor to overall profitability as the installed base continues growing.
BE company profile · for informational purposes only — not investment advice.
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