BE Chart
About

Bloom Energy Corporation designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. It offers Bloom Energy Server, an energy server platform to convert fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through a non-combustion electrochemical process. The company also provides Bloom Electrolyzer for producing hydrogen. It sells its products through direct and indirect sales channels to utilities, data centers, retail, healthcare, education, telecom, manufacturing, and other industries. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.

Fundamentals
Scroll to Statements
Sector Industrials Industry Electrical Equipment & P Market Cap 46.63B
Enterprise Value 47.19B Income -88.43M Sales 2.02B
Book/sh 2.75 Cash/sh 8.75 Dividend Yield —
Payout 0.00% Employees 2214 IPO —
P/E — Forward P/E 57.15 PEG —
P/S 23.04 P/B 60.55 P/C —
EV/EBITDA 339.43 EV/Sales 23.32 Quick Ratio 4.84
Current Ratio 5.98 Debt/Eq 377.80 LT Debt/Eq —
EPS (ttm) -0.37 EPS next Y 2.91 EPS Growth -98.80%
Revenue Growth 35.90% Earnings 2026-04-30 ROA 1.57%
ROE -12.65% ROIC — Gross Margin 29.65%
Oper. Margin 13.27% Profit Margin -4.37% Shs Outstand 280.55M
Shs Float 264.27M Short Float 10.78% Short Ratio 1.88
Short Interest — 52W High 176.49 52W Low 15.15
Beta 3.12 Avg Volume 12.19M Volume 10.37M
Target Price $143.48 Recom Buy Prev Close $160.28
Price $166.20 Change 3.69%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$143.48
Mean price target
2. Current target
$166.20
Latest analyst target
3. DCF / Fair value
$12.09
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$166.20
Low
$40.00
High
$207.00
Mean
$143.48

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-24 init Citigroup — → Neutral $162
2026-02-09 main Mizuho Neutral → Neutral $110
2026-02-06 main JP Morgan Overweight → Overweight $166
2026-02-06 main BMO Capital Market Perform → Market Perform $149
2026-02-06 main Wells Fargo Equal-Weight → Equal-Weight $130
2026-02-06 main Morgan Stanley Overweight → Overweight $184
2026-02-06 main BTIG Buy → Buy $165
2026-02-03 main Roth Capital Neutral → Neutral $133
2026-01-28 init China Renaissance — → Buy $207
2026-01-28 init Barclays — → Equal-Weight $153
2025-12-29 main Clear Street Hold → Hold $58
2025-11-25 main B of A Securities Underperform → Underperform $39
2025-10-30 main Morgan Stanley Overweight → Overweight $155
2025-10-29 up HSBC Hold → Buy $150
2025-10-29 main JP Morgan Overweight → Overweight $129
2025-10-29 main Susquehanna Positive → Positive $157
2025-10-29 main BTIG Buy → Buy $145
2025-10-21 main Wells Fargo Equal-Weight → Equal-Weight $95
2025-10-20 main B of A Securities Underperform → Underperform $26
2025-10-14 main BMO Capital Market Perform → Market Perform $97
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 3746 523728.0 — Sale at price 139.81 per share. JOSHI AMAN Officer — 2026-02-17 00:00:00 D
1 1521 211982.0 — Sale at price 139.37 per share. CHITOORI SATISH PRABHU Chief Operating Officer — 2026-02-17 00:00:00 D
2 3332 465014.0 — Sale at price 139.56 per share. SODERBERG SHAWN MARIE Officer — 2026-02-17 00:00:00 D
3 357 30658.0 — Stock Award(Grant) at price 84.57 - 86.89 per share. SNABE JIM HAGEMANN Director — 2025-12-31 00:00:00 D
4 230 19985.0 — Stock Award(Grant) at price 86.89 per share. PINKUS GARY S. Director — 2025-12-31 00:00:00 D
5 331 28761.0 — Stock Award(Grant) at price 86.89 per share. IMMELT JEFFREY R Director — 2025-12-31 00:00:00 D
6 259 22505.0 — Stock Award(Grant) at price 86.89 per share. WARNER CYNTHIA J Director — 2025-12-31 00:00:00 D
7 431 37980.0 — Sale at price 88.12 per share. CHITOORI SATISH PRABHU Chief Operating Officer — 2025-12-16 00:00:00 D
8 3264 282271.0 — Sale at price 86.48 per share. KURZYMSKI MACIEJ Chief Financial Officer — 2025-12-16 00:00:00 D
9 15000 1467000.0 — Sale at price 97.80 per share. JOSHI AMAN Officer — 2025-11-26 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-20.81M-5.85M-1.25M-1.76M
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA119.17M117.20M-129.21M-190.50M
TotalUnusualItems-99.12M-27.88M-5.93M-8.39M
TotalUnusualItemsExcludingGoodwill-99.12M-27.88M-5.93M-8.39M
NetIncomeFromContinuingOperationNetMinorityInterest-88.43M-29.23M-302.12M-301.41M
ReconciledDepreciation50.57M53.05M62.61M61.61M
ReconciledCostOfRevenue1.44B1.07B1.14B1.05B
EBITDA20.05M89.33M-135.13M-198.89M
EBIT-30.52M36.28M-197.74M-260.50M
NetInterestIncome-19.82M-37.29M-88.41M-49.61M
InterestExpense53.89M62.64M108.30M53.49M
InterestIncome34.07M25.34M19.89M3.89M
NormalizedIncome-10.13M-7.20M-297.43M-294.78M
NetIncomeFromContinuingAndDiscontinuedOperation-88.43M-29.23M-302.12M-301.41M
TotalExpenses1.95B1.45B1.54B1.46B
TotalOperatingIncomeAsReported72.80M22.91M-208.91M-260.99M
DilutedAverageShares240.40M227.37M212.68M185.91M
BasicAverageShares240.40M227.37M212.68M185.91M
DilutedEPS-0.37-0.13-1.42-1.62
BasicEPS-0.37-0.13-1.42-1.62
DilutedNIAvailtoComStockholders-88.43M-29.23M-302.12M-301.41M
NetIncomeCommonStockholders-88.43M-29.23M-302.12M-301.41M
OtherunderPreferredStockDividend0.00
NetIncome-88.43M-29.23M-302.12M-301.41M
MinorityInterests-1.29M-2.02M5.82M13.68M
NetIncomeIncludingNoncontrollingInterests-87.14M-27.20M-307.94M-315.09M
NetIncomeContinuousOperations-87.14M-27.20M-307.94M-315.09M
TaxProvision2.74M846.00K1.89M1.10M
PretaxIncome-84.40M-26.36M-306.04M-313.99M
OtherIncomeExpense-137.39M-11.97M-8.72M-3.39M
OtherNonOperatingIncomeExpenses2.15M15.90M-2.79M5.00M
SpecialIncomeCharges-98.58M-27.18M-4.29M-8.96M
OtherSpecialCharges98.58M27.18M4.29M8.96M
EarningsFromEquityInterest-40.42M0.000.00
GainOnSaleOfSecurity-537.00K-694.00K-1.64M566.00K
NetNonOperatingInterestIncomeExpense-19.82M-37.29M-88.41M-49.61M
InterestExpenseNonOperating53.89M62.64M108.30M53.49M
InterestIncomeNonOperating34.07M25.34M19.89M3.89M
OperatingIncome72.80M22.91M-208.91M-260.99M
OperatingExpense514.60M381.74M406.70M409.28M
ResearchAndDevelopment185.99M148.63M155.87M150.61M
SellingGeneralAndAdministration328.61M233.11M250.84M258.67M
SellingAndMarketingExpense130.23M68.00M89.96M90.93M
GeneralAndAdministrativeExpense198.38M165.10M160.88M167.74M
OtherGandA198.38M165.10M160.88M167.74M
GrossProfit587.40M404.65M197.79M148.29M
CostOfRevenue1.44B1.07B1.14B1.05B
TotalRevenue2.02B1.47B1.33B1.20B
OperatingRevenue2.02B1.47B1.33B1.20B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber280.05M229.14M224.72M205.66M
ShareIssued280.05M229.14M224.72M205.66M
NetDebt163.77M325.94M182.04M63.08M
TotalDebt2.99B1.53B1.45B1.02B
TangibleBookValue768.64M562.47M502.08M340.78M
InvestedCapital3.39B1.69B1.35B752.36M
WorkingCapital3.11B1.41B1.22B514.02M
NetTangibleAssets768.64M562.47M502.08M340.78M
CapitalLeaseObligations374.07M400.98M608.05M609.04M
CommonStockEquity768.64M562.47M502.08M340.78M
TotalCapitalization3.38B1.58B1.35B726.33M
TotalEquityGrossMinorityInterest792.96M585.22M520.67M378.82M
MinorityInterest24.32M22.75M18.59M38.04M
StockholdersEquity768.64M562.47M502.08M340.78M
GainsLossesNotAffectingRetainedEarnings-369.00K-2.59M-1.69M-1.25M
OtherEquityAdjustments-369.00K-2.59M-1.69M-1.25M
RetainedEarnings-3.99B-3.90B-3.87B-3.56B
AdditionalPaidInCapital4.76B4.46B4.37B3.91B
CapitalStock28.00K23.00K21.00K20.00K
CommonStock28.00K23.00K21.00K20.00K
TotalLiabilitiesNetMinorityInterest3.60B2.07B1.89B1.57B
TotalNonCurrentLiabilitiesNetMinorityInterest2.98B1.44B1.42B1.03B
OtherNonCurrentLiabilities10.03M9.21M9.05M9.49M
PreferredSecuritiesOutsideStockEquity0.00208.55M
NonCurrentDeferredLiabilities56.77M43.10M19.14M56.39M
NonCurrentDeferredRevenue42.84M43.10M19.14M56.39M
LongTermDebtAndCapitalLeaseObligation2.91B1.38B1.39B959.98M
LongTermCapitalLeaseObligation299.39M368.65M547.76M574.43M
LongTermDebt2.61B1.01B846.63M385.56M
CurrentLiabilities623.83M636.76M470.42M541.95M
OtherCurrentLiabilities13.38M5.20M5.12M15.82M
CurrentDeferredLiabilities103.09M244.10M132.30M169.68M
CurrentDeferredRevenue100.97M243.31M128.92M168.54M
CurrentDeferredTaxesLiabilities2.12M784.00K3.37M1.14M
CurrentDebtAndCapitalLeaseObligation78.83M146.71M60.29M60.64M
CurrentCapitalLeaseObligation74.68M32.33M60.29M34.61M
CurrentDebt4.15M114.39M26.02M25.83M
OtherCurrentBorrowings114.39M26.02M25.83M
LineOfCredit4.15M
PensionandOtherPostRetirementBenefitPlansCurrent97.57M67.68M47.90M48.16M
PayablesAndAccruedExpenses330.96M173.07M224.81M247.65M
CurrentAccruedExpenses117.49M69.04M75.33M79.71M
InterestPayable913.00K3.93M3.82M3.13M
Payables213.46M104.03M149.49M167.94M
TotalTaxPayable10.34M11.32M17.41M6.17M
AccountsPayable203.13M92.70M132.08M161.77M
TotalAssets4.40B2.66B2.41B1.95B
TotalNonCurrentAssets666.14M613.23M720.51M890.66M
OtherNonCurrentAssets43.78M52.00M52.01M131.92M
NonCurrentPrepaidAssets4.32M4.44M4.80M9.09M
NonCurrentDeferredAssets36.51M27.66M23.28M14.21M
NonCurrentDeferredTaxesAssets1.78M1.89M1.39M1.15M
NonCurrentAccountsReceivable64.45M3.16M7.33M8.08M
InvestmentsAndAdvances10.04M0.000.001.82M
LongTermEquityInvestment10.04M0.000.001.82M
InvestmentsinJointVenturesatCost10.04M0.00
InvestmentsinSubsidiariesatCost0.001.82M
GoodwillAndOtherIntangibleAssets1.96M
Goodwill1.96M
NetPPE507.05M525.96M633.08M727.37M
AccumulatedDepreciation-282.59M-269.38M-281.18M-344.18M
GrossPPE789.64M795.34M914.27M1.07B
Leases129.66M122.41M94.65M104.53M
ConstructionInProgress83.07M86.73M104.65M72.17M
OtherProperties274.17M288.12M449.50M665.87M
MachineryFurnitureEquipment249.58M244.86M215.99M179.74M
BuildingsAndImprovements53.16M53.22M49.48M49.24M
Properties0.000.000.000.00
CurrentAssets3.73B2.04B1.69B1.06B
OtherCurrentAssets14.53M13.19M13.07M14.47M
CurrentDeferredAssets32.21M60.01M48.24M46.19M
RestrictedCash1.97M110.62M46.82M51.52M
PrepaidAssets20.67M22.24M24.36M18.39M
Inventory643.31M544.66M502.51M268.39M
FinishedGoods166.51M149.32M181.47M58.29M
WorkInProcess125.04M79.60M50.63M44.66M
RawMaterials351.76M315.74M270.41M165.45M
Receivables563.77M490.56M393.57M308.51M
OtherReceivables181.44M148.42M47.90M53.28M
TaxesReceivable4.51M4.98M3.23M3.68M
AccruedInterestReceivable6.03M1.32M1.70M556.00K
AccountsReceivable371.80M335.84M340.74M251.00M
AllowanceForDoubtfulAccountsReceivable-460.00K-119.00K-119.00K
GrossAccountsReceivable372.26M335.96M340.86M
CashCashEquivalentsAndShortTermInvestments2.45B802.85M664.59M348.50M
CashAndCashEquivalents2.45B802.85M664.59M348.50M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow57.19M33.15M-456.27M-308.55M
RepaymentOfDebt-987.21M-231.19M-209.84M-162.68M
IssuanceOfDebt2.50B404.30M642.12M3.26M
IssuanceOfCapitalStock59.12M12.37M327.90M400.68M
CapitalExpenditure-56.76M-58.85M-83.74M-116.82M
InterestPaidSupplementalData49.53M55.70M49.93M48.98M
IncomeTaxPaidSupplementalData1.71M1.42M1.46M1.44M
EndCashPosition2.48B950.97M745.18M518.37M
BeginningCashPosition950.97M745.18M518.37M615.11M
EffectOfExchangeRateChanges1.38M-2.63M-281.00K434.00K
ChangesInCash1.53B208.42M227.09M-97.18M
FinancingCashFlow1.51B175.21M683.35M211.36M
CashFlowFromContinuingFinancingActivities1.51B175.21M683.35M211.36M
NetOtherFinancingCharges-62.56M-8.80M-22.32M-29.89M
ProceedsFromStockOptionExercised0.000.00-54.52M0.00
CashDividendsPaid-947.00K-1.47M0.000.00
CommonStockDividendPaid-947.00K-1.47M0.000.00
NetPreferredStockIssuance0.000.00310.96M0.00
PreferredStockIssuance0.000.00310.96M0.00
NetCommonStockIssuance59.12M12.37M16.95M400.68M
CommonStockIssuance59.12M12.37M16.95M400.68M
NetIssuancePaymentsOfDebt1.51B173.11M432.29M-159.42M
NetLongTermDebtIssuance1.51B173.11M432.29M-159.42M
LongTermDebtPayments-987.21M-231.19M-209.84M-162.68M
LongTermDebtIssuance2.50B404.30M642.12M3.26M
InvestingCashFlow-93.12M-58.78M-83.72M-116.82M
CashFlowFromContinuingInvestingActivities-93.12M-58.78M-83.72M-116.82M
NetInvestmentPurchaseAndSale0.00
SaleOfInvestment0.00
NetBusinessPurchaseAndSale-36.49M0.000.000.00
SaleOfBusiness0.000.003.11M
PurchaseOfBusiness-36.49M0.000.00
NetPPEPurchaseAndSale-56.63M-58.78M-83.72M-116.82M
SaleOfPPE131.00K70.00K14.00K0.00
PurchaseOfPPE-56.76M-58.85M-83.74M-116.82M
OperatingCashFlow113.95M92.00M-372.53M-191.72M
CashFlowFromContinuingOperatingActivities113.95M92.00M-372.53M-191.72M
ChangeInWorkingCapital-217.28M-73.44M-440.36M-186.84M
ChangeInOtherWorkingCapital-148.88M90.12M-73.78M13.89M
ChangeInOtherCurrentLiabilities2.35M501.00K-374.00K-9.10M
ChangeInOtherCurrentAssets-11.09M4.07M-3.37M-2.62M
ChangeInPayablesAndAccruedExpense194.70M-30.73M-40.87M135.33M
ChangeInAccruedExpense83.79M5.89M-11.79M48.83M
ChangeInPayable110.91M-36.63M-29.08M86.50M
ChangeInAccountPayable110.91M-36.63M-29.08M86.50M
ChangeInPrepaidAssets-3.60M3.79M-5.75M-17.59M
ChangeInInventory-119.21M-44.53M-231.69M-124.88M
ChangeInReceivables-131.55M-96.66M-84.53M-181.88M
ChangesInAccountReceivables-35.52M7.13M-89.89M-162.86M
OtherNonCashItems122.07M25.37M91.63M26.72M
StockBasedCompensation139.41M82.42M84.48M112.26M
ProvisionandWriteOffofAssets22.22M0.000.00
AssetImpairmentCharge12.67M0.00130.09M113.51M
DepreciationAmortizationDepletion50.57M53.05M62.61M61.61M
DepreciationAndAmortization50.57M53.05M62.61M61.61M
OperatingGainsLosses71.44M31.79M6.96M-3.90M
EarningsLossesFromEquityInvestments40.42M0.000.00
GainLossOnInvestmentSecurities537.00K694.00K1.64M-9.58M
NetForeignCurrencyExchangeGainLoss-2.29M3.76M618.00K-3.27M
GainLossOnSaleOfPPE436.00K161.00K411.00K0.00
NetIncomeFromContinuingOperations-87.14M-27.20M-307.94M-315.09M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for BE
Date User Asset Broker Type Position Size Entry Price Patterns