NYSE:BE

Stock Analysis Report

Executive Summary

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation.

Snowflake

Fundamentals

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

How has Bloom Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.3%

BE

6.0%

US Electrical

3.4%

US Market


1 Year Return

-89.1%

BE

-1.0%

US Electrical

5.4%

US Market

Return vs Industry: BE underperformed the US Electrical industry which returned -1% over the past year.

Return vs Market: BE underperformed the US Market which returned 5.4% over the past year.


Shareholder returns

BEIndustryMarket
7 Day-3.3%6.0%3.4%
30 Day-29.1%-2.1%-1.0%
90 Day-74.0%2.0%-0.4%
1 Year-89.1%-89.1%1.2%-1.0%7.7%5.4%
3 Yearn/a40.8%32.5%46.2%36.8%
5 Yearn/a35.1%21.6%65.6%47.5%

Price Volatility Vs. Market

How volatile is Bloom Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bloom Energy undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: BE ($2.97) is trading below our estimate of fair value ($7.63)

Significantly Undervalued: BE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BE is unprofitable, so we can't compare its PE Ratio to the Electrical industry average.

PE vs Market: BE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate BE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BE has negative assets, so we can't compare its PB Ratio to the US Electrical industry average.


Next Steps

Future Growth

How is Bloom Energy forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

25.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BE's revenue (17.3% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: BE's revenue (17.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BE is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Bloom Energy performed over the past 5 years?

2.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BE is unprofitable, but has reduced losses over the past 5 years at a rate of 2.5% per year.

Accelerating Growth: Unable to compare BE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BE is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (24%).


Return on Equity

High ROE: BE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: BE is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: BE is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Bloom Energy's financial position?


Financial Position Analysis

Short Term Liabilities: BE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BE has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: BE has a high level of physical assets or inventory.

Debt Coverage by Assets: BE has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 87.6% per year.


Next Steps

Dividend

What is Bloom Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate BE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if BE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Bloom Energy's salary, the management and board of directors tenure and is there insider trading?

5.2yrs

Average management tenure


CEO

K. Sridhar (58yo)

17.5yrs

Tenure

US$50,814,151

Compensation

Dr. K. R. Sridhar, Ph.D. co-founded Bloom Energy Corporation in 2001 and serves as its Chairman, President and Chief Executive Officer since April 2002. Dr. Sridhar was the Principal of Bloom Energy Corpor ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether K.'s total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: K.'s compensation has increased whilst the company is unprofitable.


Management Age and Tenure

5.2yrs

Average Tenure

58yo

Average Age

Experienced Management: BE's management team is seasoned and experienced (5.2 years average tenure).


Board Age and Tenure

10.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: BE's board of directors are seasoned and experienced ( 10.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$4,021,79515 Mar 19
Alberta Investment Management Corporation
EntityCompany
Shares304,205
Max PriceUS$13.45
SellUS$5,276,50714 Mar 19
Alberta Investment Management Corporation
EntityCompany
Shares374,231
Max PriceUS$14.10
SellUS$2,608,45413 Mar 19
Alberta Investment Management Corporation
EntityCompany
Shares178,429
Max PriceUS$14.62
BuyUS$108,16012 Mar 19
K. Sridhar
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares8,000
Max PriceUS$13.52
SellUS$394,00005 Mar 19
William Thayer
EntityIndividual
Shares25,000
Max PriceUS$15.76
SellUS$300,00027 Feb 19
Swaminathan Venkataraman
EntityIndividual
Role
Chief Technology Officer
CTO & Executive VP of Engineering
Shares20,000
Max PriceUS$15.00
BuyUS$473,00014 Feb 19
Eddie Zervigon
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares50,000
Max PriceUS$9.46
SellUS$2,190,45605 Feb 19
Mobius Venture Capital, Inc.
EntityCompany
Shares209,613
Max PriceUS$10.45
SellUS$3,157,40729 Jan 19
Mobius Venture Capital, Inc.
EntityCompany
Shares273,576
Max PriceUS$11.61
SellUS$46629 Nov 18
Morgan Stanley, Investment Banking and Brokerage Investments
EntityCompany
Shares31
Max PriceUS$15.03

Ownership Breakdown


Management Team

  • Shawn Soderberg (58yo)

    Executive VP

    • Tenure: 3.8yrs
  • Randy Furr (64yo)

    Executive VP & CFO

    • Tenure: 4.5yrs
    • Compensation: US$11.89m
  • Sonja Wilkerson (58yo)

    Executive VP & Chief People Officer

    • Tenure: 0.8yrs
  • Matt Ross (59yo)

    Executive VP & Chief Marketing Officer

    • Tenure: 8yrs
  • K. Sridhar (58yo)

    Co-Founder

    • Tenure: 17.5yrs
    • Compensation: US$50.81m
  • Mark Mesler

    Vice President of Finance & Investor Relations

    • Tenure: 0yrs
  • Susan Brennan (56yo)

    Executive VP & COO

    • Tenure: 5.9yrs
    • Compensation: US$870.72k
  • Venkat Venkataraman (58yo)

    CTO & Executive VP of Engineering

    • Tenure: 15.8yrs
    • Compensation: US$14.09m
  • Chris White

    Executive VP & Chief Sales Officer

    • Tenure: 0.3yrs
  • David McCulloch

    Vice President of Communications

    • Tenure: 0yrs

Board Members

  • John Doerr (67yo)

    Lead Independent Director

    • Tenure: 0yrs
  • Scott Sandell (54yo)

    Independent Director

    • Tenure: 16.2yrs
  • Mary Bush (71yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$1.05m
  • John Chambers (70yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$1.01m
  • Colin Powell (82yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: US$1.90m
  • K. Sridhar (58yo)

    Co-Founder

    • Tenure: 17.5yrs
    • Compensation: US$50.81m
  • Eddy Zervigon (50yo)

    Independent Director

    • Tenure: 12yrs
    • Compensation: US$320.11k
  • Peter Teti (51yo)

    Independent Director

    • Tenure: 3.9yrs

Company Information

Bloom Energy Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bloom Energy Corporation
  • Ticker: BE
  • Exchange: NYSE
  • Founded: 2001
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Market Cap: US$345.533m
  • Shares outstanding: 116.34m
  • Website: https://www.bloomenergy.com

Number of Employees


Location

  • Bloom Energy Corporation
  • 4353 North First Street
  • San Jose
  • California
  • 95134
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BENYSE (New York Stock Exchange)YesClass A Common StockUSUSDJul 2018
1ZBDB (Deutsche Boerse AG)YesClass A Common StockDEEURJul 2018

Biography

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company offers Bloom Energy Server, a stationary power generation platform that con ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 00:42
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.