BE
Bloom Energy Corporation

Bloom Energy CorporationBE

Industrials · Electrical Equipment & Parts
276.53USD
+1.33%
Sep 23, 2026
BE overview ready
Modular On-Site Solid-Oxide Fuel Cell Systems for Large-Load Resilient Power
Bloom is a direct provider of modular on-site solid-oxide fuel-cell generation systems for primary and resilient power at data centers and other commercial and industrial large-load sites; it also sells solid-oxide electrolyzer systems.
Strong narrative exposure
Exposed to the Dispatchable Power for Large Loads narrative through Onsite Power and Microgrids — pure play.
Advancing price action
Longer-term context reads extended trend, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Technology adoption risk in fuel cell market.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 30

Conviction Level

NarrativeHeat9.1ThemeHeat8.8PriceAction6.9Valuation0.3CompanyPosition9.3
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads extended trend, with a near-term setup of daily advance.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$81.4B
Avg Volume (60D)
16.4M
60 sessions
Revenue Growth YoY
+38.9%
FY2025 vs FY2024
Gross Margin
+31.4%
Trailing twelve months
Operating Margin
+11.2%
Trailing twelve months
Free Cash Flow Yield
+0.1%
Distance from 200DMA
+37.9%
Next Earnings
2026-10-27
P/E
324.5x
EV / Sales
26.3x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Bloom Energy Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 0.1% free-cash-flow yield and 26.3x revenue, which require sustained delivery to be justified.

What changed

  • BE rose 9.6% in one session
    BE closed +9.6% while the broad market was close to flat (-0.6%).
    2026-09-08
  • Price structure improved
    BE: behavior moved from technical failure to strong advance, and weekly structure moved from downtrend to uptrend.
    2026-09-06
  • Bloom Energy Spikes 8% as Risk-On Tape Lifts High-Beta Names, FuelCell Ticks Up, Plug Power Stays Flat
    Dated 2026-09-03.
    2026-09-03 · source
  • Plug Power Gains 4% as Risk Appetite Returns; FuelCell Inches Higher, Bloom Energy Holds Flat
    Dated 2026-08-27.
    2026-08-27 · source

Company Research

Thesis
Bloom is a direct provider of modular on-site solid-oxide fuel-cell generation systems for primary and resilient power at data centers and other commercial and industrial large-load sites; it also sells solid-oxide electrolyzer systems.
Opportunity
High opportunity
Large electricity users are procuring rapidly deployable, firm on-site generation and microgrid-capable power systems to bypass or bridge delayed grid interconnection, secure uptime, and support power-dense facilities.
Key risk
Technology adoption risk in fuel cell market.

Narrative & Theme

Dispatchable Power for Large Loads
Part of Onsite Power and Microgrids, with strong fit.
BE has a strong direct exposure to the large-load time-to-power problem: its Energy Servers provide on-site, dispatchable electricity that can be deployed ahead of, alongside, or with less dependence on constrained grid capacity.
Narrative HeatHot9.1 / 10
Theme HeatHot8.8 / 10

Business & Markets

Industrials · Electrical Equipment & Parts
What they do

Bloom Energy Corporation designs, manufactures, sells, and installs solid oxide fuel cell systems that generate on-site electricity through a non-combustion electrochemical process using fuels like natural gas, biogas, or hydrogen.

How it earns

The company generates revenue primarily through transactional sales of its energy servers and related products, along with installation services.

Products & services
Bloom Energy Server
Bloom Electrolyzer
Customers & end markets
Utilities
Data centers
Retail
Healthcare
Education
Telecom
Manufacturing
Market position

Bloom Energy is a niche player specializing in solid oxide fuel cell technology within the on-site power generation market.

Demand drivers
Medium cyclicality

Demand is influenced by capital expenditure cycles in industrial and commercial sectors and energy infrastructure investments.

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