Tearsheet

Bloom Energy (BE)


Market Price (9/18/2025): $81.01 | Market Cap: $18.8 Bil
Sector: Industrials | Industry: Electrical Components & Equipment

Bloom Energy (BE)


Market Price (9/18/2025): $81.01
Market Cap: $18.8 Bil
Sector: Industrials
Industry: Electrical Components & Equipment

Investment Highlights

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 23%
Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
Expensive valuation multiples
P/SPrice/Sales ratio is 11x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 210x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 204x, P/EPrice/Earnings or Price/(Net Income) is 783x
1  Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%
Stock price has recently run up significantly
6M Rtn6 month market price return is 228%, 12M Rtn12 month market price return is 690%
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.4%
3   High stock price volatility
Vol 12M is 101%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 23%
1 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%
3 Expensive valuation multiples
P/SPrice/Sales ratio is 11x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 210x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 204x, P/EPrice/Earnings or Price/(Net Income) is 783x
4 Stock price has recently run up significantly
6M Rtn6 month market price return is 228%, 12M Rtn12 month market price return is 690%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.4%
6 High stock price volatility
Vol 12M is 101%

Market Valuation

 9/18/252024202320222021
Share Price CYE$81.01$22.21$14.80$19.12$21.93
Market Cap CYE ($ Bil)18.85.13.33.83.9
Total Debt ($ Bil)1.51.51.51.01.1
Total Cash ($ Bil)0.60.80.70.30.4
Enterprise Value ($ Bil)19.86.64.84.85.0
Valuation Ratios     
P/S TTM11.63.42.43.03.9
P/EBIT TTM213.1139.2-15.9-13.7-30.9
P/E TTM796.5-172.8-10.4-11.8-23.1
Sector Ratios     
P/S TTM (Sector)1.71.41.41.11.6
P/EBIT TTM (Sector)11.310.210.08.312.1
P/E TTM (Sector)16.613.713.911.215.6
 9/18/2520242023
Share Price CYE$81.01$22.21$14.80
Market Cap CYE ($ Bil)18.85.13.3
Total Debt ($ Bil)1.51.51.5
Total Cash ($ Bil)0.60.80.7
Enterprise Value ($ Bil)19.86.64.8
Valuation Ratios   
P/S TTM11.63.42.4
P/EBIT TTM213.1139.2-15.9
P/E TTM796.5-172.8-10.4
Sector Ratios   
P/S TTM (Sector)1.71.41.4
P/EBIT TTM (Sector)11.310.210.0
P/E TTM (Sector)16.613.713.9

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. Show more

Price Returns Compared

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 202020212022202320242025Total [1]
Returns
BE Return284%-23%-13%-23%50%259%800%
Peers Return52%7%-1%75%42%45%476%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BC, AMSC, CECO, ETN, EMR. See BE Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

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Financials

BEBCAMSCCECOETNEMRMedian
NameBloom En.BrunswickAmerican.CECO Env.Eaton Emerson . 
Mkt Price79.6764.9360.4949.05363.35131.0072.30
Mkt Cap18.54.32.31.7141.873.611.4
Rev LTM1,6305,09722365625,99017,7793,364
Op Inc LTM723126464,8933,339192
FCF LTM4451426-173,2752,741279
FCF 3Y Avg-3113871103,0002,043198
CFO LTM9166328-24,0623,172377
CFO 3Y Avg-2336313203,7532,425326

Growth & Margins

BEBCAMSCCECOETNEMRMedian
NameBloom En.BrunswickAmerican.CECO Env.Eaton Emerson . 
Rev Chg LTM22.7%-11.6%53.0%15.7%7.7%4.8%11.7%
Rev Chg 3Y Avg18.8%-6.9%29.4%21.0%9.5%24.9%19.9%
Rev Chg Q19.5%0.2%58.6%34.8%10.7%3.9%15.1%
QoQ Delta Rev Chg LTM4.2%0.1%12.4%7.9%2.7%1.0%3.4%
Op Mgn LTM4.4%6.1%2.5%6.9%18.8%18.8%6.5%
Op Mgn 3Y Avg-7.9%10.2%-10.7%6.9%17.4%17.5%8.5%
QoQ Delta Op Mgn LTM1.1%-1.1%0.7%0.8%-0.3%0.5%0.6%
CFO/Rev LTM5.6%13.0%12.7%-0.4%15.6%17.8%12.8%
CFO/Rev 3Y Avg-17.9%10.9%-2.4%3.7%15.6%14.7%7.3%
FCF/Rev LTM2.7%10.1%11.6%-2.6%12.6%15.4%10.8%
FCF/Rev 3Y Avg-23.6%6.8%-3.3%1.9%12.5%12.4%4.4%

Valuation

BEBCAMSCCECOETNEMRMedian
NameBloom En.BrunswickAmerican.CECO Env.Eaton Emerson . 
Mkt Cap18.54.32.31.7141.873.611.4
P/S11.40.810.22.65.54.14.8
P/EBIT209.520.2406.417.928.922.925.9
P/E783.3103.0377.633.036.127.869.6
P/CFO203.76.580.5-713.434.923.229.1
Total Yield0.1%3.6%0.3%3.0%3.0%4.0%3.0%
Dividend Yield0.0%2.6%0.0%0.0%0.3%0.4%0.1%
FCF Yield 3Y Avg-10.2%8.7%-3.8%1.1%2.7%3.3%1.9%
D/E0.10.60.00.20.10.20.1
Net D/E0.10.5-0.00.10.10.20.1

Returns

BEBCAMSCCECOETNEMRMedian
NameBloom En.BrunswickAmerican.CECO Env.Eaton Emerson . 
1M Rtn71.3%2.9%13.2%5.3%2.8%-0.6%4.1%
3M Rtn270.6%16.9%96.2%67.1%8.8%2.2%42.0%
6M Rtn227.7%15.3%201.7%102.5%24.1%17.5%63.3%
12M Rtn689.6%-19.2%183.6%74.6%18.1%28.2%51.4%
3Y Rtn216.3%-5.0%1,063.3%432.6%175.0%79.0%195.6%
1M Excs Rtn69.0%0.6%10.8%3.0%0.4%-3.0%1.8%
3M Excs Rtn263.0%7.7%92.1%54.3%-0.1%-7.1%31.0%
6M Excs Rtn217.1%-2.9%200.1%91.3%8.3%0.5%49.8%
12M Excs Rtn663.8%-33.6%164.8%57.6%3.0%13.2%35.4%
3Y Excs Rtn143.2%-69.2%1,032.5%350.9%97.0%3.1%120.1%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment1,3331,199   
Electricity  686471
Installation  9610261
Product  664519557
Service  14411096
Total1,3331,199972794785


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity42,995,057
Short Interest: % Change Since 81520251.4%
Average Daily Volume11,052,662
Days-to-Cover Short Interest3.89
Basic Shares Quantity232,542,000
Short % of Basic Shares18.5%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/31/2025-1.8%-1.6%41.6%
2/27/20254.3%-2.8%-11.8%
11/7/202423.4%24.5%149.1%
8/8/20249.0%13.7%-7.5%
5/9/2024-4.9%4.2%28.9%
2/15/2024-17.5%-28.3%-18.3%
11/8/20238.4%24.9%38.7%
8/3/2023-4.2%-9.7%-8.5%
...
SUMMARY STATS   
# Positive131213
# Negative101110
Median Positive6.4%17.6%22.4%
Median Negative-8.1%-9.7%-13.7%
Max Positive23.4%26.3%149.1%
Max Negative-20.2%-34.9%-41.5%

SEC Filings

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Report DateFiling DateFiling
6302025731202510-Q 6/30/2025
3312025430202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023215202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022221202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022809202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021225202210-K 12/31/2021
93020211105202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0ZERVIGON EDDY 8262025Sell48.6210,000486,2003,946,048Form
1SODERBERG SHAWN MARIESee Remarks8202025Sell46.351,46567,90310,472,736Form
2Chitoori SatishChief Operations Officer8152025Sell45.0020,000900,00010,552,185Form
3Joshi AmanChief Commercial Officer8152025Sell43.364,870211,1639,728,293Form
4Kurzymski MaciejSee Remarks7182025Sell25.271,01225,5732,750,589Form