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WeeklySELL
Long termAVOID
BE
BE
Bloom Energy Corporation

Latest update

$207

Updated: Jul 16, 2026, 8:45 PM UTC

Browsing public data

Metrics

Bloom Energy Corporation (BE) — Current State and Financial Health

Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation, primarily serving industries like utilities, data centers, and healthcare. The company's technology converts fuels like natural gas, biogas, or hydrogen into electricity and also supports hydrogen production via electrolysis.

Growth pace
How fast the underlying business is moving, quarter by quarter. Hover any tile for the plain-English meaning.

Revenue

The total dollars the company billed customers. When this number grows quarter after quarter, the business is finding more demand.

quarterly

Latest

$751.1M

Q1 2026

The most recent reported figure, in the company's own currency and reporting cadence.

QoQ

-3.4%

vs Q4 2025

How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.

YoY

+130.4%

vs Q1 2025

How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.

CAGR

insufficient history

The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.

Net income

What's left from revenue after paying every cost — employees, materials, taxes, interest. Sometimes called profit or 'the bottom line.'

quarterly

Latest

$70.7M

Q1 2026

The most recent reported figure, in the company's own currency and reporting cadence.

QoQ

+6370.1%

vs Q4 2025

How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.

YoY

vs Q1 2025

How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.

CAGR

insufficient history

The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.

Free cash flow

The cash actually left in the bank after the company has paid for everything and reinvested in itself. Harder to fake than net income.

quarterly

Latest

$47.4M

Q1 2026

The most recent reported figure, in the company's own currency and reporting cadence.

QoQ

-88.0%

vs Q4 2025

How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.

YoY

vs Q1 2025

How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.

CAGR

insufficient history

The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.

Quarterly revenue, net income & free cash flow
Bars show what the company actually reported each quarter. The growth chart below turns these into the QoQ / YoY pace the rest of this page uses.
Annual growth rate (YoY)
Year-over-year change in full-year totals. Strips out quarterly noise and seasonality so the multi-year trend is visible — not just the last 12 months.
Compound annual growth (CAGR)
The smooth yearly growth rate across each window. The "start → end" line shows the dollar value at the beginning and end of the window.
Metric3 yr2 yr1 yr
Revenue
+130.5%
$326M$751.1M
Net income
Free cash flow
Valuation — P/E

P/E TTM

Trailing twelve months. Today's price divided by the last year of actual earnings.

P/E NTM

46.5×

Next twelve months. Today's price divided by what analysts expect the company to earn over the coming year.

Balance sheet & valuation
The five numbers that decide whether the growth above is safe, sustainable, and reasonably priced. Descriptions on every tile — hover or scroll to read.

Profitability

Weak

Operating margin (and the wider return profile) tells you how efficiently each dollar of sales becomes profit. High and rising = pricing power; low or falling = the business is grinding.

Share count

Diluting

Are the buybacks outrunning the stock-based comp? A shrinking share count means every existing share owns a bigger slice of future earnings.

Debt load

Manageable

Total debt against cash and earnings power (EBITDA). Light debt leaves room to invest and weather downturns; heavy debt shrinks the margin for error.

Debt service

Weak

Whether the cash the business generates easily covers its interest and loan payments. Strong here = no forced selling in a bad year.

Cash return at today's price

0.5%

Free cash flow divided by market cap — the cash yield you're getting for the price you pay. Above ~6% is rich, below ~3% is thin. P/E shown when the yield is too small to be useful.

What stands out
  • Bloom Energy has demonstrated strong revenue growth, with a 130.4% YoY increase and Q1 2026 revenue of $751.1M.
  • Net income and free cash flow both saw significant increases on a QoQ basis, indicating improving but volatile profitability.
  • Despite growth, the company exhibits weak profitability (0.2% profit margin, 1.3% ROE), weak debt service, and shareholder dilution.
  • The stock's valuation is stretched, with a forward P/E of 46.5x, suggesting the price has outpaced current earnings.
  • The balance sheet appears manageable, and the company has solid current and quick ratios.

Thesis

Why this read

The current market data for Bloom Energy indicates a clear and aggressive markdown. The stock is trading well below its moving averages, exhibiting strong negative momentum, and losing relative strength. With an earnings event approaching, the tactical risk is elevated, overriding any long-term fundamental attraction. It is prudent to avoid the stock and consider defensive positioning until the selling pressure subsides and a new accumulation phase begins.

Short-term thesis

Aligned13% conviction-17 ptsv1
Bloom Energy: AI Power Play Faces Immediate Market Headwinds

Bloom Energy’s solid oxide fuel cell technology remains a promising solution for the escalating power demands of AI data centers, particularly given grid limitations. However, the company's current weak profitability, stretched valuation, and shareholder dilution are being exacerbated by severe near-term selling pressure and poor technicals. While the long-term secular opportunity is strong, the stock is experiencing significant tactical markdown, making it uninvestable in the immediate future.

Long-term exposure

Avoid

The business or valuation backdrop is not ready for long-term conviction.

Entry window

Trim / avoid

Bloom Energy is currently in a strong markdown cycle, trading significantly below key moving averages with contracting volume. This suggests continued bearish sentiment and potential for further downside in the very short term. Investors should avoid new positions and consider defensive actions.

Risk check

Fragile

The downside can widen quickly if this setup goes wrong.

Alignment

Aligned

The weekly weakness matches a poor long-term backdrop.

What supports it

  • Secular demand for AI data center power remains strong long-term.
  • Robust revenue growth (+130.4% YoY) indicates strong demand for their products.
  • Strategic positioning addresses a critical bottleneck (on-site power) for rapidly expanding AI data centers, bypassing traditional utility grids.
  • Improved net income and FCF QoQ suggest potential for efficiency gains, albeit with volatility.

What limits it

  • This needs smaller size or more patience.
  • Debt service looks stretched for current cash generation.
  • Price already asks a lot from the business.
  • Margins or returns are too soft for a clean long hold.

Long-term thesis

Bloom Energy provides critical, rapidly deployable on-site power solutions for AI data centers, which are facing unprecedented energy demands and grid constraints. Their solid oxide fuel cell technology offers a cleaner, more reliable, and grid-independent alternative.

82opportunity70% thesis conf
Crossing Chasm5y horizon

Bottleneck Role

Rapid-deploy, modular, and sustainable on-site power for AI data centers, bypassing traditional utility grid limitations.

Consensus Blind Spot

The market may be underestimating the speed and scale at which grid infrastructure will become a critical limiting factor for AI expansion, and thus, the urgency and pricing power of alternative, decentralized power solutions like Bloom's. Focus on current profitability might overshadow future demand capture ability.

Demand Gap

The current and projected energy demands of AI data centers are outpacing the traditional utility grid's capacity and speed of deployment. This creates a supply-demand gap that Bloom's on-site power solutions can fill.

Demand to Equity Scenarios

Bear60% conf

Slower-than-expected AI adoption or competition from cheaper/more traditional power solutions.

Demand

-15%

Earnings

-30%

Equity implication

-40%

Reduced contract pipeline, pricing pressure, increased operational losses.

Base75% conf

Continued strong AI growth, persistent grid limitations, Bloom maintains market share.

Demand

+20%

Earnings

+25%

Equity implication

+35%

Consistent contract wins, revenue growth continues, path to profitability gradually improves.

Bull50% conf

Accelerated AI adoption, worsening grid constraints, Bloom secures major large-scale contracts with favorable terms.

Demand

+50%

Earnings

+60%

Equity implication

+80%

Exponential growth in orders, significant margin expansion, positive free cash flow. Rapid scale-up proves operational leverage.

Dependency Chain

  1. 1Explosive growth in AI and large language models (LLMs).
  2. 2Massive increase in data center energy consumption.
  3. 3Inadequate traditional utility grid infrastructure to meet demand, leading to long wait times.
  4. 4Increased demand for on-site, modular, and sustainable power solutions.
  5. 5Bloom Energy's fuel cell technology provides a direct solution to this bottleneck.
  6. 6Translation of increased demand into significant contracts, revenue, and ultimately, sustainable profitability and equity repricing.

Repricing Triggers

  • Announcement of major, multi-year contracts with top-tier AI data center operators.
  • Demonstrable improvements in profitability margins and consistent positive free cash flow.
  • Successful scaling of hydrogen-powered fuel cell deployments.
  • Positive regulatory developments favoring decentralized green energy solutions.
  • Clear articulation and execution of a strategy to reduce shareholder dilution.

Must be true

  • AI data center energy demand will continue to grow exponentially.
  • Traditional grid infrastructure limitations will persist, creating long wait times and demand for alternatives.
  • Bloom Energy's technology will remain competitive and scalable.
  • The company can improve operational efficiency and achieve sustainable profitability.
  • The market will eventually reward future earnings potential over current profitability metrics.

Thesis broken if

  • Significant slowdown in AI infrastructure investment forecasts.
  • Rapid deployment of new, cheaper, or more efficient grid-scale power solutions.
  • Loss of major customer contracts or significant market share to competitors.
  • Continued deterioration in profitability and debt service metrics over multiple quarters.
  • Persistent shareholder dilution without corresponding growth in earnings per share.

History

What changed

Since the previous run · 1 month ago
Prior call was wrong

Signal

BUYSELLFlipped

Conviction

70%30%-40 pts

Long term

AvoidAvoid

Stock

$274.50$206.73-24.7%

Added since last run

6
  • Secular demand for AI data center power remains strong long-term.
  • Price trading far below daily and weekly EMAs (-21.2% and -9.1% respectively).
  • Significant negative momentum across multiple timeframes (5d -19.57%, 20d -26.40%).
  • Volume contracting during price decline, indicating a lack of buying interest.
  • Poor relative strength against both the broader market and its sector.
  • Near-term earnings event risk in 12 days.

No longer flagged

0

Nothing dropped this run

Model's reflection on the prior call

The prior BUY call misjudged the immediate market reaction; despite the underlying bullish thesis for AI power, the technical setup reversed sharply, leading to a significant price decline. The expectation of continued strength above EMAs with expanding volume was incorrect, as the stock broke down from those levels.

Analysis timeline
6 runs

Jul 16, 2026

Latest

Updated Jul 16, 2026, 8:45 PM UTC

WeeklySELL
Long termAVOID
Confidence30% · Low

Price at review

$207

Bloom Energy is currently in a strong markdown cycle, trading significantly below key moving averages with contracting volume. This suggests continued bearish sentiment and potential for further downside in the very short term. Investors should avoid new positions and consider defensive actions.

Jun 16, 2026

Updated Jun 16, 2026, 11:31 AM UTC

WeeklyBUY
Long termAVOID
Confidence70% · Medium

Price at review

$275

Bloom Energy is showing renewed strength, trading above both its daily and weekly exponential moving averages with expanding volume. This suggests a potential continuation of its Markup cycle, making it attractive for further accumulation this week.

Jun 9, 2026

Updated Jun 9, 2026, 7:23 AM UTC

WeeklyWAIT
Long termWATCH
Confidence70% · Medium

Price at review

$254

Price is likely to drift lower or move sideways while it searches for a more stable floor.

Jun 2, 2026

Updated Jun 2, 2026, 9:01 AM UTC

WeeklyBUY
Long termWATCH
Confidence75% · High

Price at review

$274

The stock has finally moved back to its short-term support level, offering a chance for buyers to step back in without chasing extreme highs.

May 13, 2026

Updated May 13, 2026, 5:34 PM UTC

WeeklyWAIT
Long termWATCH
Confidence45% · Low

Price at review

$295

The stock is still running hot and far above safe entry points. Expect high volatility near the $300 level as the market decides whether to pause or push.

May 1, 2026

Updated May 1, 2026, 9:44 AM UTC

WeeklySELL
Long termWATCH
Confidence35% · Low

Price at review

$283

The stock has exploded higher with extreme momentum, but this is chasing, not investing. The move is too far, too fast, and the risk of a sharp reversal is severe.