Loading…
Makes solid-oxide fuel cell 'Energy Servers' that generate electricity on-site, increasingly for AI data centers.
Makes solid-oxide fuel cell 'Energy Servers' that generate electricity on-site, increasingly for AI data centers.
Sells fuel-cell power systems that run on natural gas or biogas on the customer's site, then earns from service contracts to keep them running. Customers either buy outright or pay for the electricity over time through a financing partner. Data centers that cannot wait for a grid connection have become a larger part of demand. It listed in 2018.
Moat: narrow (IP / patents, process know-how). Proprietary solid-oxide fuel cell design, though it competes against cheaper backup-power options.
Headquarters: San Jose, California, US · Founded: 2001 · Employees: 2,214
Size Bloom Energy (BE) is a United States Industrials company (Electronic Production Equipment) with a market value of $51.2B, the 247th largest of 3,117 United States companies the cockpit tracks. Shares closed at $173.24 on 6 Nov 2026.
Performance Over six months the shares fell 20.6%, against +8.1% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 11 in its peer set.
Growth Revenue grew 110.6% over the last twelve months (peer median +35.1%); the operating margin is 14.8% (peer median 9.5%).
Valuation It trades at 36.5× forward earnings against a peer median of 63.2× (2nd cheapest of 10).
Capital Return on invested capital runs 0.4 points above its cost of capital (19.1% WACC).
Short interest Short interest is 5.8% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.83B | $2.02B | $1.47B | $1.33B | $1.20B |
| Revenue growth | — | +37% | +11% | +11% | — |
| Gross profit | $1.24B | $587M | $405M | $198M | $148M |
| EBITDA | $621M | $123M | $76.0M | -$146M | -$199M |
| Net income | $518M | -$88.4M | -$29.2M | -$302M | -$301M |
| Free cash flow | $439M | $57.2M | $33.1M | -$456M | -$309M |
| Capital expenditure | $254M | $56.8M | $58.9M | $83.7M | $117M |
| Total debt | $2.79B | $3.00B | $1.53B | $1.45B | $1.03B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bloom Energy BE | $51.2B | -21% | +111% | 15% | 36.5× | n/a |
| FuelCell Energy FCEL | $796M | -27% | +1% | -88% | n/a | n/a |
| Plug Power PLUG | $2.03B | -54% | +11% | -68% | n/a | n/a |
| Cummins CMI | $62.0B | -34% | +3% | 11% | 13.8× | 11.6% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.5% | -16.4% | lowest of 12 |
| 6-month return | -20.6% | +8.1% | 4th lowest of 11 |
| Distance from 52-week high | -50.7% | -27.2% | 4th lowest of 12 |
| Revenue growth (TTM) | +110.6% | +35.1% | highest of 11 |
| Operating margin | 14.8% | 9.5% | 4th highest of 11 |
| Forward P/E | 36.5× | 63.2× | 2nd cheapest of 10 |
| ROIC minus cost of capital | +0.4 pp | -3.1 pp | 4th highest of 11 |
| EV / EBITDA | 83.1× | 40.9× | most expensive of 10 |
| Net debt / EBITDA | 0.5× | 0.3× | 4th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bloom Energy BE | United States | $51.2B | -21% | +111% | 15% | 36.5× | n/a | n/a |
| Vertiv VRT | United States | $70.4B | -46% | +35% | 21% | 20.0× | 25.4% | +18.5% |
| Dixon Technologies (India) DIXON.NS | India | $8.16B | +14% | +21% | 2% | 76.9× | 48.0% | +49.7% |
| Syrma SGS Technology SYRMA.NS | India | $2.97B | +33% | +62% | 10% | 63.2× | 33.7% | +61.8% |
| Kaynes Technology India KAYNES.NS | India | $2.30B | -26% | +35% | 12% | 55.5× | n/a | n/a |
| Data Patterns (India) DATAPATTNS.NS | India | $2.24B | -11% | +34% | 37% | 60.2× | 61.0% | +32.8% |
| L&F 066970.KS | South Korea | $2.15B | -62% | +81% | 8% | n/a | n/a | n/a |
| PG Electroplast PGEL.NS | India | $1.65B | +2% | +21% | 6% | 49.3× | n/a | n/a |
| Apollo Micro Systems APOLLO.NS | India | $1.63B | +32% | +77% | 21% | 92.7× | n/a | n/a |
| Avalon Technologies AVALON.NS | India | $1.34B | +51% | +44% | 10% | 69.4× | n/a | n/a |
| Cyient DLM CYIENTDLM.NS | India | $649M | +82% | -2% | 7% | 73.3× | 58.4% | +15.0% |
| Coreintelligence 3718.TWO | Taiwan | $518M | n/a | n/a | n/a | n/a | n/a | n/a |