BE

Bloom Energy Corporation

$226.22

+2.22% 2026-10-19

IndustrialsS&P 500

1M 3M 6M 1Y 2Y

BESPY

-13.7%

-14.8%

+14.8%

+3.6%

YTD

+160.4%

+102.9%

Grades vs sector

Momentum

99th pct in sector

A+

12-1 return: +109.6%
Percentile within its GICS sector across the S&P 1500.

Growth

100th pct in sector

A+

Revenue growth (YoY): +165.5%
Percentile within its GICS sector across the S&P 1500.

Value

1st pct in sector

Forward E/P: 2.2% · EBITDA/EV: 0.6%
Percentile within its GICS sector across the S&P 1500.

Profitability

58th pct in sector

B-

Profit margin: +7.9% · Return on equity: +22.2%
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Held by 1 of 3 live models: Momentum Top 15.

Momentum Top 15

6.7% of the book · rank 14 of 499

Held Quality Growth

not ranked (outside this model's universe or screens)

Momentum Blend

not in the current book

Why it's in Momentum Top 15 #14 of 499

Qualified on 12-1 momentum of +143.9% (its gain from 12 months to 1 month before 2026-09-30). Ranked 14th of 499 at the 2026-09-30 rebalance.

What would knock it out: Drops out if it falls outside the top 15 at the next rebalance (Oct 30). In the latest preview (2026-10-16) it ranks 19th.

Key stats

Market cap$66.6B

P/E (trailing)297.7

P/E (forward)45.8

52-week range75.70 – 351.28

Revenue growth (YoY, latest qtr)+165.5%

Dividend yield0.00%

Analyst consensusBuy (26)

Mean price target$285.43 (+26%)

Valuation & fundamentals

Bottom line

Looks expensive

Model read-out from the numbers below, not advice. Score -3 (DCF counts double).

▼DCF (base case)below the price by 77%

▼Forward P/E vs sector45.8x vs median 17.1x

▼Piotroski F-score2/9

▲Altman Z11.0 (safe)

▲Net debt / EBITDA0.7x

▲Analyst target+26% (26 analysts)

Discounted cash flow

Bear

$22

-90%

growth 18% · disc. 10.2% · term. 2.0%

Base

$52

-77%

growth 30% · disc. 9.2% · term. 2.5%

Bull

$99

-56%

growth 38% · disc. 8.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 43% a year for 10 years.

Implied

+43%/yr

FCF, last 3 yrs

n/a

FCF, last 5 yrs

n/a

Revenue, last 3 yrs

+19%/yr

Revenue, last 5 yrs

+21%/yr

Same inputs as the DCF above: trailing free cash flow 0.2B, 9.2% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-03-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 3.78 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)

sector median 26.4× · 100th pct

297.7×
pricier

Forward P/E

sector median 17.1× · 99th pct

45.8×
pricier

EV / EBITDA

sector median 14.8× · 100th pct

406.8×
pricier

Price / sales

sector median 2.1× · 99th pct

27.2×
pricier

Price / book

sector median 3.5× · 100th pct

72.3×
pricier

FCF yield

sector median 4.5% · 8th pct

0.3%
pricier

Forward EPS $4.94 vs trailing $0.76 (+550% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin

29.6%

Operating margin

6.7%

FCF margin

9.4%

Net margin

-12.3%

Return on equity

-32.8%

Return on invested capital

12.4%

Net debt / EBITDA

0.7×

Current ratio

5.0×

Interest cover

3.4×

Cash conversion (OCF/NI)

–

Piotroski F-score 2/9 · last two fiscal years

✗ Positive net income✗ Positive operating cash flow✓ Return on assets improved✗ Cash flow above net income✗ Long-term debt / assets fell✓ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Altman Z-score 11.0 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$285

+26%

Analysts

Buy

Range

$97–$380

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$2.0B	–	$57.2M
2024	$1.5B	–	$33.1M
2023	$1.3B	$-302.1M	$-456.3M
2022	$1.2B	$-301.7M	$-308.5M
2021	$972.2M	$-164.4M	$-110.5M
2020	$794.2M	$-157.6M	$-136.7M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +19.1%.

Earnings

Next report: 2026-10-22 · after close · EPS est 0.67

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-28	0.41	0.78	+91.8%
2026-04-28	0.13	0.44	+242.4%
2026-02-05	0.30	0.45	+50.4%
2025-10-28	0.10	0.15	+47.0%
2025-07-31	0.02	0.10	+457.1%
2025-04-30	-0.06	0.03	+147.4%
2025-02-27	0.31	0.43	+39.9%
2024-11-07	0.08	-0.01	-112.1%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$1.1B	+165.5%
2026-03-31	$751.1M	–
2025-12-31	$777.7M	–
2025-09-30	$519.0M	–
2025-06-30	$401.2M	–

Analyst actions

Truist Securities

2026-10-16 · main

Hold → Hold
PT $240

Baird

2026-10-15 · main

Outperform → Outperform
PT $351

UBS

2026-10-07 · main

Buy → Buy
PT $350

Bernstein

2026-10-07 · reit

Market Perform → Market Perform
PT $282

Barclays

2026-10-02 · main

Equal-Weight → Equal-Weight
PT $308

Barclays

2026-10-01 · main

Equal-Weight → Equal-Weight
PT $308

Insider trades

Joshi Aman

Chief Commercial Officer · 2026-10-01

SELL
$2.3M

Joshi Aman

Chief Commercial Officer · 2026-09-16

SELL
$972.1K

Kurzymski Maciej

Chief Accounting Officer · 2026-09-16

SELL
$616.0K

Soderberg Shawn Marie

See Remarks · 2026-09-16

SELL
$775.1K

Chitoori Satish

Chief Operations Officer · 2026-09-16

SELL
$775.1K

Immelt Jeffrey R

Director · 2026-08-17

SELL
$7.2M

Joshi Aman

Chief Commercial Officer · 2026-08-14

SELL
$1.1M

Chitoori Satish

Chief Operations Officer · 2026-08-14

SELL
$496.1K

Soderberg Shawn Marie

See Remarks · 2026-08-14

SELL
$676.3K

Chambers John T

Director · 2026-08-13

SELL
$3.8M

Chambers John T

Director · 2026-08-03

SELL
$3.1M

None

None · None

SELL
–

Research

Momentum Top 15: the October 2026 book, a rough start, and what the backtest says to expect2026-10-18

News

Fuel Cell Deal Could Be A Game Changer For American Electric Power Company (AEP)

Simply Wall St. · Oct 18

Bloom Energy Stock Fell 21% in a Week. Here’s What Its October 22 Report Needs to Show

TIKR · Oct 17

Bloom Energy vs. Constellation Energy: Which Energy Stock Is an AI-Driven Buy in 2026?

Motley Fool · Oct 16

Bloom Energy Supports Central Texas First Responders Ahead of Florida-Texas Matchup

Business Wire · Oct 16

Bloom Energy Honors Gainesville Firefighters Who Prepare for the Moments That Matter

Business Wire · Oct 16

Bloom Energy Is Up 157% in 2026: Take Profits, or Hold On for the Ride?

24/7 Wall St. · Oct 16

Netflix, Tesla Headline Busy Earnings Calendar; Spending Plans Key To Meta's Report

Investor's Business Daily · Oct 16

Bloom Energy vs. NextEra Energy: Which Industrials Stock Is a Better Buy in 2026?

Motley Fool · Oct 12

Stats refreshed 2026-10-19 17:47:00 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Coteau Systematic StrategiesSystematic equity research and model portfolios.
Coteau Systematic Strategies publishes research, model portfolios and tools. It does not manage money or offer investment advice. Model results are hypothetical. Data: Yahoo Finance (delayed), SEC EDGAR.

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