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Bloom Energy Corporation

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Industrials · Electrical Equipment & Parts · United States · Updated May 11, 12:49pm
$293.43
Price
$70.5B
Market Cap
2,127
Employees
3.83
Beta
K. R. Sridhar
CEO
Business Description

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a power generation platform that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion. It serves data centers, hospitals, healthcare manufacturing facilities, biotechnology facilities, grocery stores, hardware stores, banks, telecom facilities and other critical infrastructure applications. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in September 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.

Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)
$293.43
+32.40 (+12.41%)
Day Range
$265.27 – $296.26
52-Week Range
$17.01 – $302.99
50-Day MA
$186.94
200-Day MA
$120.69
Volume
7,886,303.00
Analyst Price Targets
Low $39.00
Consensus $187.56
High $310.00
(85 analysts)
Share Structure
Outstanding 240,407,885.00
Float 222,533,318.00
Free Float 92.6%
High free float — 92.6% of shares trade freely, ~7.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
13,704.38
Stock Price: $293.43
EPS (Diluted): -0.37
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
27.18
Stock Price: $293.43
Total Equity: $768.64M
Shares: 240,402,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
797.34
Market Cap: $70.54B
Total Debt: $2.62B
Cash: $2.45B
EBITDA: $20.05M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$21.4B
Market Cap: $70.54B
Total Debt: $2.62B
Cash: $2.45B
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
29.0%
Gross Profit: $587.40M
Revenue: $2.02B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
3.6%
Operating Income: $72.80M
Revenue: $2.02B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-4.4%
Net Income: -$88.43M
Revenue: $2.02B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
0.8%
Net Income: -$88.43M
Total Equity: $768.64M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
4.0%
Operating Income: $72.80M
Tax Rate: -3.2%
Equity: $768.64M
Total Debt: $2.62B
Cash: $2.45B
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
5.98
Current Assets: $3.73B
Current Liabilities: $623.83M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
3.41
Short-Term Debt: $4.15M
Long-Term Debt: $2.61B
Total Debt: $2.62B
Total Equity: $768.64M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$8.42
Revenue: $2.02B
Shares: 240,402,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$3.20
Total Equity: $768.64M
Shares: 240,402,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$0.24
Operating CF: $113.95M
CapEx: -$56.76M
Shares: 240,402,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $293.43
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$88.43M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BE against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $972.2M $1.2B $1.3B $1.5B $2.0B
Cost of Revenue $777.2M $1.1B $1.1B $1.1B $1.4B
Gross Profit $195.0M $148.3M $197.8M $404.6M $587.4M
Operating Expenses $312.1M $409.3M $406.7M $381.7M $514.6M
Operating Income -$117.1M -$261.0M -$208.9M $22.9M $72.8M
Net Income -$164.4M -$301.4M -$302.1M -$29.2M -$88.4M
EBITDA -$60.1M -$198.9M -$135.1M $89.3M $20.1M
EPS $-1.11 $-1.69 $-1.42 $-0.13 $-0.37
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $396.0M $348.5M $664.6M $802.9M $2.5B
Total Current Assets $806.4M $1.1B $1.7B $2.0B $3.7B
Total Assets $1.7B $1.9B $2.4B $2.7B $4.4B
Current Liabilities $342.5M $541.9M $470.4M $636.8M $623.8M
Long-Term Debt $500.9M $385.6M $846.6M $1.0B $2.6B
Total Liabilities $1.7B $1.6B $1.9B $2.1B $3.6B
Total Equity -$44.3M $340.8M $502.1M $562.5M $768.6M
Retained Earnings -$3.3B -$3.6B -$3.9B -$3.9B -$4.0B
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$60.7M -$191.7M -$372.5M $92.0M $113.9M
Capital Expenditure -$49.8M -$116.8M -$83.7M -$58.9M -$56.8M
Free Cash Flow -$110.5M -$308.5M -$456.3M $33.1M $57.2M
Acquisitions (net) $3.1M -$9.2M $0 $0 $131,000
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $198.4M -$96.7M $226.8M $205.8M $1.5B
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $6.3B
$4.5B – $7.3B
 $9.3B
$9.3B – $9.4B
 $11.9B
$8.9B – $14.1B
 $15.6B
$11.7B – $18.5B
EBITDA -$323.5M
-$375.7M – -$234.1M
 -$481.7M
-$484.7M – -$478.7M
 -$614.3M
-$728.1M – -$460.9M
 -$805.5M
-$954.7M – -$604.4M
Net Income $1.1B
$721.1M – $1.3B
 $2.0B
$1.1B – $3.0B
 $2.6B
$1.7B – $3.2B
 $2.8B
$1.9B – $3.5B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +23.3% +11.2% +10.5% +37.3%
Gross Profit Growth -24.0% +33.4% +104.6% +45.2%
Operating Income Growth -122.9% +20.0% +111.0% +217.8%
Net Income Growth -83.3% -0.2% +90.3% -202.6%
EBITDA Growth -230.7% +32.1% +166.1% -77.6%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-07 BUSH MARY K S-Sale 25,000.00 $266.96 $6.7M
2026-04-29 SODERBERG SHAWN MARIE S-Sale 35,000.00 $279.00 $9.8M
2026-04-13 Edwards Simon Stephen 0.00 $0.00 $0
2026-04-14 SODERBERG SHAWN MARIE S-Sale 30,000.00 $204.23 $6.1M
2026-04-15 SODERBERG SHAWN MARIE S-Sale 25,000.00 $225.13 $5.6M
2026-04-14 Chitoori Satish S-Sale 20,000.00 $204.23 $4.1M
2025-05-14 CHAMBERS JOHN T A-Award 9,877.00 $0.00 $0
2026-03-31 IMMELT JEFFREY R A-Award 212.00 $135.49 $28,724
2025-05-14 IMMELT JEFFREY R A-Award 11,112.00 $0.00 $0
2026-03-31 WARNER CYNTHIA J A-Award 166.00 $135.49 $22,491
2025-05-14 WARNER CYNTHIA J A-Award 9,877.00 $0.00 $0
2025-05-14 Pinkus Gary S A-Award 9,877.00 $0.00 $0
2025-05-14 ZERVIGON EDDY A-Award 9,877.00 $0.00 $0
2026-04-01 Joshi Aman S-Sale 10,000.00 $135.88 $1.4M
2026-03-19 SODERBERG SHAWN MARIE S-Sale 15,410.00 $150.47 $2.3M
2026-03-15 SODERBERG SHAWN MARIE A-Award 26,975.00 $0.00 $0
2026-03-16 SODERBERG SHAWN MARIE S-Sale 13,901.00 $152.59 $2.1M
2026-03-16 SODERBERG SHAWN MARIE S-Sale 15,906.00 $154.82 $2.5M
2026-03-17 SODERBERG SHAWN MARIE S-Sale 13,074.00 $153.44 $2.0M
2026-03-15 Chitoori Satish A-Award 5,903.00 $0.00 $0
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27