Bimergen Energy (BESS)
Market Price (9/21/2026): $2.75 | Market Cap: $20.3 MilSector: Utilities | Industry: Renewable Electricity
Bimergen Energy (BESS)
Market Price (9/21/2026): $2.75Market Cap: $20.3 MilSector: UtilitiesIndustry: Renewable Electricity
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -45% Megatrend and thematic driversMegatrends include Circular Economy & Recycling. Themes include Waste-to-Energy Solutions. | Weak multi-year price returns2Y Excs Rtn is -77%, 3Y Excs Rtn is -113% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -69% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 69% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -31% High stock price volatilityVol 12M is 105% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -45% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling. Themes include Waste-to-Energy Solutions. |
| Weak multi-year price returns2Y Excs Rtn is -77%, 3Y Excs Rtn is -113% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -69% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 69% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -31% |
| High stock price volatilityVol 12M is 105% |
Qualitative Assessment
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Bimergen Energy (BESS) stock has lost about 50% since 5/31/2026 because of the following key factors:
1. Significant Shareholder Dilution from Equity Raises.
Bimergen Energy's stock decline can be attributed partly to substantial dilution experienced by shareholders, particularly through an equity raise during fiscal Q1 2026, which ended in March 2026. This action "boosts cash" but also "widens Q1 loss" and led to shareholders being "substantially diluted in the past year", increasing the number of outstanding shares and consequently diminishing the value of existing holdings. As of fiscal Q1 2026, the company reported a net loss of approximately $3.75 million and operating cash burn near $2.92 million, with revenue being effectively zero.
2. Persistent Operating Losses as an Early-Stage Development Company.
The company remained in an early-stage development phase with ongoing operating losses during the period. For fiscal Q1 2026, which ended on March 31, 2026, Bimergen Energy reported a net loss of approximately $3.75 million and operating cash burn nearing $2.92 million. While the company did report positive fiscal Q2 2026 earnings, with $7.9 million in revenue and $1.6 million in net income, and adjusted EBITDA of $3.9 million, these operational milestones were not sufficient to counteract the broader negative trend, indicating that investors may still be pricing in the risks associated with its development-stage status.
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Bimergen Energy (BESS) stock has lost about 50% since 5/31/2026 because of the following key factors:
1. Significant Shareholder Dilution from Equity Raises.
Bimergen Energy's stock decline can be attributed partly to substantial dilution experienced by shareholders, particularly through an equity raise during fiscal Q1 2026, which ended in March 2026. This action "boosts cash" but also "widens Q1 loss" and led to shareholders being "substantially diluted in the past year", increasing the number of outstanding shares and consequently diminishing the value of existing holdings. As of fiscal Q1 2026, the company reported a net loss of approximately $3.75 million and operating cash burn near $2.92 million, with revenue being effectively zero.
2. Persistent Operating Losses as an Early-Stage Development Company.
The company remained in an early-stage development phase with ongoing operating losses during the period. For fiscal Q1 2026, which ended on March 31, 2026, Bimergen Energy reported a net loss of approximately $3.75 million and operating cash burn nearing $2.92 million. While the company did report positive fiscal Q2 2026 earnings, with $7.9 million in revenue and $1.6 million in net income, and adjusted EBITDA of $3.9 million, these operational milestones were not sufficient to counteract the broader negative trend, indicating that investors may still be pricing in the risks associated with its development-stage status.
3. High Volatility Characteristic of a Small Market Capitalization Stock.
Bimergen Energy operates as a small-cap company, with a market capitalization of approximately $22.0 million to $24.49 million as of late August 2026. Small-cap stocks are inherently more volatile, and BESS specifically exhibited a "highly volatile share price over the past 3 months". Its trading behavior has been described as "thin and fast" and a "day-trader playground", contributing to significant price swings that can amplify downward movements even on minor shifts in market sentiment or news.
4. Fading Post-Uplisting Enthusiasm and Correction from Elevated Levels.
Bimergen Energy uplisted to the NYSE American on February 20, 2026, with an IPO offer price of $4.00 per share. Following its uplisting, the stock reached a 52-week high of $17.12, suggesting an initial surge in investor enthusiasm. However, this momentum did not sustain through the period since April 30, 2026. Despite positive company-specific news, such as an $8.9 million revenue transaction on July 28, 2026, and a 5.75% gain following its fiscal Q2 2026 earnings report on August 17, 2026, these events only provided temporary boosts. The overall downward trend suggests that the initial post-uplisting valuation proved unsustainable, leading to a significant correction from its previous highs.
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Stock Movement Drivers
Fundamental Drivers
The -52.0% change in BESS stock from 5/31/2026 to 9/20/2026 was primarily driven by a null change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.62 | 2.70 | -52.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 8 | 9.2233720368547763E17% |
| P/S Multiple | ∞ | 2.5 | |
| Shares Outstanding (Mil) | 5 | 7 | -28.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| BESS | -52.0% | |
| Market (SPY) | 0.9% | 41.6% |
| Sector (XLU) | -7.5% | 26.6% |
Fundamental Drivers
The -52.0% change in BESS stock from 2/28/2026 to 9/20/2026 was primarily driven by a null change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.62 | 2.70 | -52.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 8 | 9.2233720368547763E17% |
| P/S Multiple | ∞ | 2.5 | |
| Shares Outstanding (Mil) | 4 | 7 | -47.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| BESS | -52.0% | |
| Market (SPY) | 11.6% | 41.6% |
| Sector (XLU) | -13.3% | 26.6% |
Fundamental Drivers
The -57.1% change in BESS stock from 8/31/2025 to 9/20/2026 was primarily driven by a null change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.29 | 2.70 | -57.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 8 | 9.2233720368547763E17% |
| P/S Multiple | ∞ | 2.5 | |
| Shares Outstanding (Mil) | 4 | 7 | -47.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| BESS | -57.1% | |
| Market (SPY) | 19.4% | 15.4% |
| Sector (XLU) | -0.4% | 12.7% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| BESS | ||
| Market (SPY) | 75.6% | 9.5% |
| Sector (XLU) | 42.0% | 10.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BESS Return | - | - | - | - | 128% | -73% | -38% |
| Peers Return | 15% | -31% | 6% | -13% | 19% | -28% | -38% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| BESS Win Rate | - | - | - | - | 50% | 11% | |
| Peers Win Rate | 60% | 42% | 47% | 45% | 58% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| BESS Max Drawdown | - | - | - | - | - | -76% | |
| Peers Max Drawdown | -35% | -55% | -51% | -48% | -53% | -45% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEE, AES, TSLA, FLNC, STEM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
BESS has limited trading history. Below is the Utilities sector ETF (XLU) in its place.
| Event | XLU | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.2% | -9.5% |
| % Gain to Breakeven | 20.8% | 10.5% |
| Time to Breakeven | 205 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -11.3% | -24.5% |
| % Gain to Breakeven | 12.8% | 32.4% |
| Time to Breakeven | 41 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.4% | -33.7% |
| % Gain to Breakeven | 54.7% | 50.9% |
| Time to Breakeven | 393 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -10.5% | -12.2% |
| % Gain to Breakeven | 11.8% | 13.9% |
| Time to Breakeven | 48 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -11.2% | -0.2% |
| % Gain to Breakeven | 12.6% | 0.2% |
| Time to Breakeven | 238 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -10.7% | -17.9% |
| % Gain to Breakeven | 12.0% | 21.8% |
| Time to Breakeven | 23 days | 123 days |
In The Past
State Street Utilities Select Sector SPDR ETF's stock fell -8.3% during the 2025 US Tariff Shock. Such a loss loss requires a 9.0% gain to breakeven.
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BESS has limited trading history. Below is the Utilities sector ETF (XLU) in its place.
| Event | XLU | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -35.4% | -33.7% |
| % Gain to Breakeven | 54.7% | 50.9% |
| Time to Breakeven | 393 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -45.2% | -53.4% |
| % Gain to Breakeven | 82.4% | 114.4% |
| Time to Breakeven | 1185 days | 1085 days |
In The Past
State Street Utilities Select Sector SPDR ETF's stock fell -8.3% during the 2025 US Tariff Shock. Such a loss loss requires a 9.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Bimergen Energy (BESS)
Bimergen Energy (BESS) operates a dual-focused business model, with a significant emphasis on revolutionary electrical power generation technologies. The company is developing the Evirontek Integrated Platform, which it intends to offer to the cryptocurrency mining industry. The primary aim of this platform is to help crypto miners reduce the exorbitant electricity costs associated with their operations.
Beyond its energy technology initiatives, Bimergen Energy also maintains a presence in the medical sector. It provides specialized spine injury diagnostic services to medical clients. Furthermore, the company owns, develops, and leases the Quad Video Halo system, a proprietary video recording solution specifically designed for documenting medical procedures.
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- Evirontek Integrated Platform: A suite of electrical power generation technologies designed to reduce electricity costs for the cryptocurrency mining industry.
- Spine Injury Diagnostic Services: Medical services focused on diagnosing various spine injuries.
- Quad Video Halo video recording system: A system developed, owned, and leased for recording medical procedures.
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Major Customers of Bimergen Energy (BESS)
Bimergen Energy (operating as Spine Injury Solutions, Inc.) primarily sells to other companies and organizations. Its major customer categories are:
- Cryptocurrency Mining Companies: For its Evirontek Integrated Platform designed to reduce electricity costs in the cryptocurrency mining industry.
- Healthcare Providers and Medical Facilities: This includes hospitals, clinics, and surgical centers, which are customers for its spine injury diagnostic services and for leasing/using the Quad Video Halo video recording system for medical procedures.
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Benjamin Tran - Executive Chairman
Benjamin Tran currently serves as the Executive Chairman of Bimergen Energy. Prior to October 2025, he held the roles of Chairman and CEO of the company since its inception. He is a corporate strategist, investor, and financial partner with over 25 years of experience in the formation and growth of emerging growth technology companies, with expertise in M&A, private equity, venture capital, merchant banking, technology marketing, and international business development. Mr. Tran has served as an Independent Board Director of CyberScope Web3 Security. From February 2021 to April 2022, he was a Senior Capital Market Advisor for Iveda Solutions, Inc., assisting with IPO financing and uplisting to Nasdaq. From 2018 to 2021, Mr. Tran co-founded and chaired CBMD.com, a physician-based phytoscience company specializing in pain management. He also served as CFO of Stock Navigators from 2018 to 2019. Currently, he is a managing partner at United System Capital, a private equity advisory firm, and was previously a managing member of CleanTek Venture Capital. Mr. Tran was also the CEO of Bitech Mining Corporation, which was acquired by Spine Injury Solutions, Inc., leading to the formation of the current Bimergen Energy.
Cole Johnson - Co-CEO & President
Cole Johnson was appointed Co-Chief Executive Officer of Bimergen Energy, effective October 21, 2025, while continuing in his role as President. He brings nearly two decades of experience in the energy industry, with extensive expertise in business operations and financial strategy within the battery energy storage system (BESS) sector. Mr. Johnson has a proven history of driving revenue and achieving profitable growth.
Bob Brilon - Co-CEO & CFO
Bob Brilon was appointed Co-Chief Executive Officer of Bimergen Energy, effective October 21, 2025, and continues to serve as the Chief Financial Officer. He has also been a Board Director since 2021. Mr. Brilon possesses extensive financial and operational experience, having served as CFO, CEO, and in other executive capacities for several publicly traded companies. His past roles include CFO for Iveda Solutions, President and CFO of New Gen Management Services, and CFO and Executive Vice President of Brain State Technologies. He has also served as CFO of MD Helicopters and as CEO, President, and CFO of InPlay Technologies (formerly Duraswitch). Mr. Brilon is a certified public accountant and previously worked with prominent accounting firms such as McGladrey Pullen, Ernst and Young, and Deloitte and Touche.
Roy Bao - CTO
Roy Bao serves as the Chief Technology Officer of Bimergen Energy. He was appointed to this role in April 2022 when the company was operating as Spine Injury Solutions, Inc. Mr. Bao is noted for his vast engineering experience and vision, contributing to the definition of the company's technology roadmap and the achievement of new revenue milestones.
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For the public company Bimergen Energy (symbol: BESS), a clear emerging threat is the **rapid evolution and potential contraction of the cryptocurrency mining industry.** This includes the increasing adoption of energy-efficient consensus mechanisms (such as Proof-of-Stake by major cryptocurrencies), global regulatory scrutiny and potential restrictions on energy-intensive mining operations, and the inherent volatility of cryptocurrency markets which can lead to prolonged periods of unprofitability for miners. These trends could significantly diminish the market demand for BESS's specialized electrical power generation technologies, which are intended to reduce the high cost of electricity for cryptocurrency mining.
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Bimergen Energy (symbol: BESS) is a utility-scale Battery Energy Storage System (BESS) asset owner, project developer, and independent power provider. The company, which was formerly known as Spine Injury Solutions, Inc. until April 2022, is currently in a development stage and has not yet commenced commercial operations or generated revenue as of December 31, 2025.
Expected drivers of future revenue growth for Bimergen Energy over the next 2-3 years include:
-
Successful Project Development and Commercialization of BESS Assets: A primary driver will be the advancement of its portfolio of Battery Energy Storage System projects from the development stage to commercial operation. Bimergen Energy currently controls approximately 1.965 GW of BESS and 1.640 GW of solar capacity projects at various development stages. Bringing these projects online is critical for initiating revenue generation.
-
Securing Long-Term Offtake and Tolling Agreements: The company plans to generate stable revenue through long-term contracted tolling agreements with major energy trading entities or institutional financial firms. These agreements are structured to include guaranteed floor payments and potential upside profit sharing from the operation of their BESS projects.
-
Expansion of BESS Project Pipeline and Capacity: Growth will be driven by expanding its existing 2 GW BESS project pipeline and developing additional capacity across various power markets, such as ERCOT, PJM, WECC, and MISO. This expansion is supported by the accelerating demand for grid stability driven by renewable energy integration, increased electrification, and the significant energy needs of AI data centers.
-
Revenue from Ancillary Services and Energy Arbitrage: Once operational, Bimergen Energy's BESS assets are expected to generate revenue by providing high-value ancillary services (such as frequency regulation, voltage control, and spinning reserves) and through energy arbitrage (buying electricity when prices are low and selling when high) in wholesale electricity markets. These strategies capitalize on increasing price volatility and the critical need for grid flexibility.
-
Monetization through Project Sales: Beyond long-term operations, Bimergen Energy also intends to generate revenue through the strategic sale of developed BESS and solar projects. This provides an additional avenue for monetizing its development efforts and assets.
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Share Issuance
- Bimergen Energy completed an underwritten public offering on February 20, 2026, raising $13.6 million in gross proceeds through the sale of common stock and accompanying warrants to fund battery energy storage system projects and for general working capital.
- On April 2, 2026, a prospectus supplement was filed to register the resale of 3,100,000 shares of common stock and accompanying warrants, alongside pre-funded warrants for up to 300,000 shares.
- As part of the acquisition of Emergen Energy on April 24, 2024, Bimergen Energy issued 1,587,300 unregistered shares of its common stock to C&C Johnson Holdings LLC.
Inbound Investments
- A joint venture with RelyEZ (a battery supplier) includes a commitment of up to $50 million to develop up to 2 GW of Battery Energy Storage Systems (BESS) through 2027, with an initial $10 million already funded.
- Bimergen has secured up to $250 million in mezzanine financing, comprising $50 million from a Rely-EZ subsidiary and $200 million from Cox, a European energy company, which are expected to unlock up to $1 billion in senior secured debt for capital expenditures.
- The company plans to leverage project-level funding arrangements, potential tax equity financing, and long-term debt financing for its projects, further benefiting from Investment Tax Credits (ITC) of up to 50%.
Outbound Investments
- On March 5, 2026, Bimergen Energy acquired eight late-stage 9.9 MW distributed generation BESS projects in Texas, totaling 79.2 MW, from Aggreko, financed through its joint venture with RelyEZ.
- The company completed the acquisition of Emergen Energy, LLC on April 24, 2024, in exchange for 1,587,300 unregistered shares of its common stock, valued at $22.2 million.
Capital Expenditures
- Proceeds of $13.6 million from the February 2026 public offering are designated for funding battery energy storage system projects and general working capital needs.
- Bimergen is actively developing a pipeline of approximately 2 GW of BESS projects, with plans for several projects totaling around 500 MW to commence construction in Q2 2026.
- The company estimates capital expenditures of approximately $125 million for every 100 MW of storage capacity developed.
Peer Outperformance in Renewable Electricity
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Independent Power Producers & Energy Traders | 5 | -22.4% | 116.0% | 182.6% | HNRG 549% · OKLO 287% · NRG 183% |
| Gas Utilities | 10 | 3.5% | 46.5% | 46.3% | ATO 104% · NFG 88% · NJR 82% |
| Electric Utilities | 24 | 5.7% | 40.9% | 41.6% | VST 780% · GNE 182% · ETR 127% |
| Multi-Utilities | 18 | 5.3% | 35.4% | 40.0% | NI 99% · MDU 96% · CNP 74% |
| Water Utilities | 11 | 7.6% | 5.5% | -10.5% | CWCO 172% · AWR 9% · HTO 9% |
| Renewable Electricity ← | 4 | -31.7% | -66.9% | -32.4% | ORA 49% · CWEN 29% · AGIG -93% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.07 |
| Mkt Cap | 5.8 |
| Rev LTM | 7,843 |
| Op Inc LTM | 1,206 |
| FCF LTM | 3 |
| FCF 3Y Avg | -12 |
| CFO LTM | 2,522 |
| CFO 3Y Avg | 1,858 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.5% |
| Rev Chg 3Y Avg | 2.3% |
| Rev Chg Q | 12.4% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | -5.5% |
| Op Inc Chg 3Y Avg | -15.1% |
| Op Mgn LTM | 0.2% |
| Op Mgn 3Y Avg | 6.1% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 12.9% |
| CFO/Rev 3Y Avg | 15.7% |
| FCF/Rev LTM | -0.1% |
| FCF/Rev 3Y Avg | -5.9% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.29 | 2.79 | 1.22 | 0.61 | 0.71 | -0.91 |
| Up Beta | 5.79 | 9.05 | 5.05 | 2.19 | 1.24 | -2.02 |
| Down Beta | 10.00 | 6.94 | 1.99 | 1.10 | 0.61 | -0.18 |
| Up Capture | 174% | -286% | -166% | -63% | -9% | 0% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 11 | 13 | 13 | 13 | 51 | 81 |
| Down Capture | -3% | 159% | 85% | 49% | 97% | 45% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 13 | 13 | 13 | 40 | 67 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BESS | |
|---|---|---|---|---|
| BESS | -31.8% | 106.5% | -0.64 | - |
| Sector ETF (XLU) | -0.5% | 15.2% | -0.24 | 24.4% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 21.5% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | -7.4% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | -22.7% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 9.4% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 6.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BESS | |
|---|---|---|---|---|
| BESS | 23.4% | 198.8% | 2.08 | - |
| Sector ETF (XLU) | 6.8% | 17.3% | 0.25 | 26.7% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 20.4% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 0.8% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | -0.6% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 18.7% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 4.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BESS | |
|---|---|---|---|---|
| BESS | 11.1% | 198.8% | 2.08 | - |
| Sector ETF (XLU) | 8.3% | 19.3% | 0.36 | 26.7% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 20.4% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 0.8% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -0.6% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 18.7% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 4.2% |
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Earnings Returns History
Updated 6/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 06/09/2025 | 10-Q |
| 12/31/2024 | 05/30/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/15/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/15/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 06/09/2025 | 10-Q |
| 12/31/2024 | 05/30/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/15/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/15/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 03/16/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 05/14/2021 | 10-Q |
| 12/31/2020 | 03/26/2021 | 10-K |
| 09/30/2020 | 11/13/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
| 03/31/2020 | 05/15/2020 | 10-Q |
| 12/31/2019 | 03/30/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
Industry Resources
| Utilities Resources |
| Data.gov Energy Infrastructure |
| Data.gov Energy Resources |
| Utility Dive |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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