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Bloom Energy Corp(BE)

Top Performer Top performer
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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$193.88
11/09/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • BUY Advisory
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for BE

11/09/2026: BE (3-star) is currently NOT-A-BUY. Pass it for now.

Bloom Energy is a prominent provider of solid oxide fuel cell systems designed for stationary, on-site power generation. The company’s primary strength lies in its ability to provide reliable, 24/7 electricity, which is increasingly essential for mission-critical AI data centers. While Bloom offers significant growth potential through the transition to clean energy and hydrogen, it faces material risks related to cash flow, high production costs, and competitive pressure. The stock is best suited for growth-oriented investors with a high risk tolerance who are looking for exposure to energy infrastructure trends. Key developments to monitor include profitability milestones and further adoption within the tech sector.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitBloom serves a high-growth sector in power generation for AI data centers.
Momentum investorStrong fit while signal remains positiveThe stock is highly sensitive to news cycles surrounding energy policy and AI power demands.
Value investorWeak fitThe company is not yet consistently profitable, making traditional valuation metrics challenging.
Dividend investorWeak fitBloom does not pay dividends, prioritizing capital for operations and R&D.
Low-risk investorWeak fitHigh volatility and operational execution risk make it unsuitable for risk-averse portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock experiences significant price swings based on energy trends and market sentiment.
Valuation riskMedium / highHigh growth expectations are priced into the stock, leaving little room for error.
Competition risk (AI power segment)MediumAlternative power sources like modular nuclear could challenge the fuel cell model.
Business qualityMediumThe company is evolving from a technology developer to a mature manufacturer.
Dividend incomeLow / noneThere is no income generation for shareholders.
Execution riskMedium / highScaling manufacturing while maintaining quality is a constant operational challenge.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 414.77%
Avg. Invested days 39
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/09/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
BE receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
BE has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, strong revenue growth (+37.3%) is partially offset by negative earnings growth (-202.6%), soft cash generation (FCF margin 2.8%), weak profitability (net margin -4.4%).

Financial Health Rating

★★★★★
BE's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 70.7%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is BE's strongest growth driver at +72.5% FY2025 versus FY2024 (strong, 5 stars). By comparison, revenue growth (+37.3%, strong) is also strong, while earnings growth (-202.6%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 92.6% and approximately 98.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 5.52% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 6.24%
Ameriprise Financial Inc 6.14%
The Goldman Sachs Group Inc 4.72%
Vanguard Portfolio Management, LLC 4.25%
Vanguard Capital Management, LLC 4.09%

Unit Economics (Per $1K Revenue)

★★★★★
BE generates approximately $290 of gross profit, $36 of operating income, and $28 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Soft margins explain the 1-star rating, with weak cash conversion and soft capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -3.24% (Tax Credit)

Quantitative Style Profile

★★★★★
BE has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while soft valuation.

Style Classification

Quality Focused

Quality TiltHigh VolatilityLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 51.20B USD
Price to earnings Ratio 104.99
1Y Target Price 283.85
Price to earnings Ratio 104.99
1Y Target Price 283.85
Volume (30-day avg) 16.6M shares
Beta 3.62
52 Weeks Range 75.70 - 351.28
Updated Date 11/08/2026
52 Weeks Range 75.70 - 351.28
Updated Date 11/08/2026
Dividends yield (FY) -
Basic EPS (TTM) 1.65

How Company Makes Money

Business areaWhat it includesRetail investor read
Product SalesRevenue from the manufacture and installation of Bloom Energy Servers.This is the primary way they sell the hardware itself.
Services & MaintenanceLong-term contracts to monitor and repair systems.This provides predictable, recurring revenue over many years.
Geography (North America)Majority of operations and sales focus in the US.They are currently a US-centric business with growth aspirations abroad.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-10-22
When After Market
Estimate 0.56
Actual 0.94

Profitability

Profit Margin 13.53%
Operating Margin (TTM) 18.49%

Management Effectiveness

Return on Assets (TTM) 7.45%
Return on Equity (TTM) 39.61%

Valuation

Trailing PE 104.99
Forward PE 30.12
Enterprise Value 51.50B
Price to Sales(TTM) 13.37
Enterprise Value 51.50B
Price to Sales(TTM) 13.37
Enterprise Value to Revenue 13.45
Enterprise Value to EBITDA 83.55
Shares Outstanding 295.54M
Shares Floating 290.37M
Shares Outstanding 295.54M
Shares Floating 290.37M
Percent Insiders 5.52
Percent Institutions 92.61

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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