BE
Bloom Energy Corporation

Bloom Energy CorporationBE

Industrials · Electrical Equipment & Parts
173.24USD
+3.41%
Nov 08, 2026
BE overview ready
Modular Solid Oxide Fuel Cell Systems for Large Loads
Bloom manufactures and deploys solid-oxide fuel-cell power systems that provide modular, always-on onsite electricity, increasingly for power-constrained data-center and other large commercial and industrial loads.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Technology adoption risk in competitive energy markets.
Market Nov 6Filing Sep 30Price action Nov 7Research Sep 30

Conviction Level

PriceAction3.4BusinessPerformance7.0BusinessQuality4.2Valuation4.9ThemeMomentum1.0Improving — Revenue is growing at a steady pace (+140% year over year). Earnings turned positive: diluted EPS of $0.78 against a loss of -$0.10 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$51.2B
Avg Volume (60D)
17.2M
60 sessions
Revenue Growth YoY
+38.9%
FY2025 vs FY2024
Gross Margin
+32.5%
Trailing twelve months
Operating Margin
+14.9%
Trailing twelve months
Free Cash Flow Yield
+0.9%
Distance from 200DMA
-22.1%
P/E
97.9x
EV / Sales
13.4x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+140% year over year). Earnings turned positive: diluted EPS of $0.78 against a loss of -$0.10 a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthGrowing
+140%
$1.23B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. n/a
  2. +134%
  3. +168%
  4. +140%
Earnings growthTurned profitable
$0.78
Diluted EPS $0.78 vs -$0.10 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
18.3%
+16.8 pp YoY · gross margin 33.9% (+4.3 pp)
The share count is rising

Business Quality

4.2 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads fair.
Bloom Energy Corporation has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

What changed

Company Research

Thesis
Bloom manufactures and deploys solid-oxide fuel-cell power systems that provide modular, always-on onsite electricity, increasingly for power-constrained data-center and other large commercial and industrial loads.
Opportunity
High opportunity
Large-load owners and developers are procuring modular, dispatchable onsite generation and microgrid-capable systems to secure reliable power before, alongside, or independently of constrained grid upgrades.
Key risk
Technology adoption risk in competitive energy markets.

Economic classification

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Business & Markets

Industrials · Electrical Equipment & Parts
What they do

Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for onsite power generation, primarily serving large commercial and industrial customers in the US and internationally.

How it earns

The company generates revenue through project-based sales of its energy server and electrolyzer systems via direct and indirect sales channels.

Products & services
Bloom Energy Server (solid oxide fuel cell power systems)
Bloom Electrolyzer (solid oxide electrolyzer for hydrogen production)
Customers & end markets
Utilities
Data centers
Retail
Healthcare
Education
Telecom
Manufacturing
Market position

Leader in solid oxide fuel cell onsite power generation systems for large-load customers.

Demand drivers
Medium cyclicality

Demand is influenced by capital investment cycles in large commercial and industrial facilities and energy infrastructure upgrades.

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