Bloom Energy Corporation

NYSE:BE Stock Report

Market Cap: US$61.6b

Bloom Energy Future Growth

Future criteria checks 6/6

Bloom Energy is forecast to grow earnings and revenue by 42.5% and 31.1% per annum respectively. EPS is expected to grow by 40.5% per annum. Return on equity is forecast to be 40.8% in 3 years.

Key information

42.5%

Earnings growth rate

40.49%

EPS growth rate

Electrical earnings growth19.8%
Revenue growth rate31.1%
Future return on equity40.81%
Analyst coverage

Good

Last updated14 Aug 2026

Recent future growth updates

Recent updates

Narrative Update • Aug 14

BE: AI Data Center Power Demand Will Support Long Term Earnings Confidence

Analysts have raised their fair value estimate for Bloom Energy from $335.00 to $390.00, citing updated assumptions on discount rates, revenue growth, profit margins, and future P/E levels. What’s in the News for Bloom Energy Bloom Energy reported record Q2 2026 revenue of about US$1.07b, with operating income of US$182.2 million and adjusted EPS of US$0.78.
Seeking Alpha • Aug 10

Bloom Energy: Down 50%, While FCF Surges

Summary Bloom Energy reports a dramatic swing to positive free cash flow and raises 2026 guidance, signaling a powerful inflection in fundamentals. BE’s rapid backlog growth and status as an approved supplier for all major U.S. hyperscalers underpin confidence in sustained, outsized revenue momentum. I now see credible potential for $500–$750 million of free cash flow in 2027, with the stock trading at an adjusted PEG of just 1x. Despite recent volatility, BE’s explosive operating leverage and accelerating AI-driven power demand create a uniquely compelling risk/reward profile. Read the full article on Seeking Alpha
New Narrative • Aug 09

The Bloom Story is early days

The Bloom Energy story is still early days. Wall Street cannot seem to comprehend that so many areas for their growth - international, other market segments, even personal or community power (where they started) are largely untapped.
Analysis Article • Aug 04

Bloom Energy's (NYSE:BE) Solid Earnings Are Supported By Other Strong Factors

Bloom Energy Corporation ( NYSE:BE ) recently posted some strong earnings, and the market responded positively. We have...
Narrative Update • Jul 31

BE: AI Power Backlog And Brookfield Funding Will Sustain Excessive P E

Analysts have adjusted their fair value estimate for Bloom Energy to $125.36 from $139.00, reflecting updated assumptions for revenue growth, profit margins, and a slightly lower discount rate, while also applying a modestly higher future P/E multiple. What’s in the News for Bloom Energy Bloom Energy reported record Q2 2026 revenue of US$1.07b, its first quarter above US$1b, with operating income of US$182.2m compared with an operating loss of US$3.5m a year earlier, and the stock moved about 8% higher in after hours trading, according to company results and market data sources.
Narrative Update • Jul 16

BE: AI Power Backlog And Brookfield Funding Will Keep P/E Excessively Elevated

Analysts have raised their fair value estimate for Bloom Energy from $122.81 to $139.00, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple in their price target analysis. What's in the News Bloom Energy expanded its partnership with Brookfield Asset Management, with Brookfield increasing its AI infrastructure power project financing framework from US$5b to US$25b.
Narrative Update • Jul 02

BE: AI Data Center Backlog Will Keep P/E Excessively Elevated

Analysts have revised their fair value estimate for Bloom Energy to $122.81 from $66.98, reflecting updated assumptions around revenue growth, profit margins, and the future P/E multiple applied to the stock. What's in the News Bloom Energy stock saw sharp moves around the latest Federal Energy Regulatory Commission ruling, which is set to fast track grid connections for large data center customers and aligns closely with the company’s onsite solid oxide fuel cell offering.
Narrative Update • Jun 18

BE: AI Data Center Deals And Backlog Will Guide Stock Outlook

Analysts have lifted their price target on Bloom Energy stock from about $111 to roughly $264, citing updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What’s in the News for Bloom Energy Bloom Energy reported Q1 2026 revenue of about US$751 million and adjusted EPS of US$0.44, with net income of US$70.65 million, and raised full-year 2026 revenue guidance to US$3.4b to US$3.8b, supported by a reported US$20b backlog and expanded Oracle and Brookfield agreements (source: “Bloom Energy Surges on Record Q1 Earnings and Expanded Oracle AI Data Center Partnership”).
Narrative Update • Jun 04

BE: Oracle AI Data Center Deals Will Support Long Term Earnings Confidence

Analysts kept their average price target for Bloom Energy steady at $335.00. They cited updated assumptions for discount rate, revenue growth, profit margin, and future P/E that largely offset one another and supported no change in their overall valuation view.
Narrative Update • May 21

BE: Oracle Data Center Pact Will Support Long Term Earnings Confidence

Analysts have maintained their $335.00 price target for Bloom Energy, noting only modest tweaks to assumptions around discount rate, revenue growth, profit margin, and future P/E, rather than any change in their core outlook for the stock. What's in the News Bloom Energy issued updated earnings guidance for full year 2026, with revenue now expected in a range of $3.4b to $3.8b.
Narrative Update • May 02

BE: Oracle Partnership And 2026 Revenue Outlook Will Support Earnings Confidence

Bloom Energy's analyst price target has been reset from $207.00 to $335.00, with analysts citing updated assumptions for revenue growth, profit margin, discount rate, and future P/E as key drivers of the change. What's in the News Bloom Energy issued new earnings guidance for full year 2026, with expected revenue in a range of $3.1b to $3.3b.
Narrative Update • Apr 18

BE: Oracle AI Power Deal Will Keep Premium P/E Misaligned

Analysts now see Bloom Energy's fair value at $66.98 compared with $64.79 previously, reflecting updated views on discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Bloom Energy expanded its partnership with Oracle under a master services agreement, with Oracle intending to procure up to 2.8 gigawatts of Bloom fuel cell systems to support AI and cloud computing projects in the U.S., including an initial 1.2 gigawatts already contracted with deployment underway and extending into next year (Key Developments).
Narrative Update • Apr 03

BE: Future Premium P/E Will Remain Misaligned With Realistic Profit Margins

Analysts now estimate Bloom Energy's fair value at $64.79, slightly lower than the previous estimate of $65.23, reflecting updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Bloom Energy appointed Simon Edwards as Chief Financial Officer, effective April 13, 2026, bringing nearly 20 years of experience scaling technology companies and leading global financial operations at firms such as Groq, Conga, ServiceMax and GE (Key Developments).
Narrative Update • Mar 20

BE: Future Premium P/E Will Remain Misaligned With Realistic Profit Margins

Analysts have raised their price target for Bloom Energy to $65.23 from $40.20, citing updated assumptions for profit margins, revenue growth, discount rate, and future P/E that collectively support a higher valuation framework. What's in the News Bloom Energy issued earnings guidance for full year 2026, with projected revenue in the range of US$3.1b to US$3.3b (company guidance).
Narrative Update • Mar 06

BE: 2026 Revenue Guidance Will Support Confidence In Future Earnings Potential

Analysts have kept their $207.00 price target for Bloom Energy unchanged, citing relatively steady assumptions around the discount rate, revenue growth, profit margin, and future P/E to support their view. What's in the News Bloom Energy issued earnings guidance for the full year 2026, giving investors a reference point for its medium term revenue outlook (Key Developments).
Narrative Update • Feb 20

BE: AI Data Center Partnership Will Support Rising 2026 Revenue Outlook

Analysts have raised their fair value estimate on Bloom Energy from $157.00 to $207.00. The new estimate reflects updated assumptions that include higher modeled revenue growth, a lower profit margin outlook, a slightly higher discount rate, and a richer future P/E multiple.
Analysis Article • Feb 07

Upgrade: Analysts Just Made A Substantial Increase To Their Bloom Energy Corporation (NYSE:BE) Forecasts

Bloom Energy Corporation ( NYSE:BE ) shareholders will have a reason to smile today, with the analysts making...
Analysis Article • Feb 06

Investors Appear Satisfied With Bloom Energy Corporation's (NYSE:BE) Prospects As Shares Rocket 33%

Bloom Energy Corporation ( NYSE:BE ) shares have had a really impressive month, gaining 33% after a shaky period...
Narrative Update • Feb 05

BE: Future Premium Multiple Will Likely Remain Misaligned With Realistic Profit Margins

Analysts have nudged their fair value estimate for Bloom Energy from US$39.00 to about US$40.20, reflecting updated views on revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value Estimate was revised from US$39.00 to about US$40.20, representing a small upward adjustment in the model output.
Narrative Update • Jan 22

BE: Future Premium Multiple Will Likely Exceed Realistic Profit Margin Potential

Narrative Update: Bloom Energy Analyst Price Target Shift Analysts now place fair value for Bloom Energy at US$39.00 versus the prior US$14.00, citing updated assumptions that include higher modeled revenue growth of 34.96%, a P/E of 27.74, a profit margin estimate of 10.48%, and a slightly higher 9.33% discount rate. Valuation Changes Fair Value Estimate increased from about US$14.00 to US$39.00, representing roughly a threefold change in the modeled valuation anchor.
Narrative Update • Jan 08

BE: AI Factory Power Partnership And Capital Plans Will Shape Future Outlook

Analysts have slightly adjusted their price target for Bloom Energy to reflect a fair value update from about $112.50 to roughly $111.18, citing small shifts in expected revenue growth, profit margins, the discount rate, and future P/E assumptions. What's in the News Bloom Energy and Brookfield announced a $5b partnership focused on building AI factories that combine power, compute, data center design, and capital to support artificial intelligence workloads (Key Developments).
Narrative Update • Dec 14

BE: AI Data Center Partnership Will Drive Long-Term Upside Potential

Analysts have sharply raised their price target on Bloom Energy to approximately $157 per share from about $59, citing expectations for significantly faster revenue growth, improved profit margins, and a modestly lower future valuation multiple. Together, these factors support a substantially higher fair value estimate.
Analysis Article • Dec 13

Bloom Energy Corporation (NYSE:BE) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless

Bloom Energy Corporation ( NYSE:BE ) shares have retraced a considerable 25% in the last month, reversing a fair amount...
Narrative Update • Nov 30

BE: AI Energy Demand Partnerships And Capital Trends Will Determine Future Outlook

Bloom Energy's analyst price target was modestly increased from $111.85 to $112.50 as analysts cited incremental improvements in growth assumptions and a slightly reduced discount rate in their valuation models. What's in the News Bloom Energy and Brookfield have announced a $5 billion strategic partnership to develop AI factories powered by Bloom's fuel cell technology.
Narrative Update • Nov 16

BE: AI Infrastructure Expansion And Power Demand Trends Will Shape Outlook

Analysts have raised their price target for Bloom Energy from $104.29 to $111.85. They cite strong projected revenue growth, which outweighs a slightly higher discount rate and a modest dip in profit margin expectations.
Narrative Update • Nov 01

BE: Recent Partnership Will Expose Shares To Execution Risk

Analysts have raised their price target for Bloom Energy, increasing it from $76.83 to $104.29. They cite expectations of stronger revenue growth and improved profit margins.
Analysis Article • Oct 28

After Leaping 54% Bloom Energy Corporation (NYSE:BE) Shares Are Not Flying Under The Radar

Bloom Energy Corporation ( NYSE:BE ) shares have continued their recent momentum with a 54% gain in the last month...
Narrative Update • Oct 18

Fuel Cell Technology Will Transform On-Site Power Markets

Analysts have raised their price target for Bloom Energy from $57.63 to $76.83. They cite expectations for stronger revenue growth and a higher projected future price-to-earnings multiple as key factors behind the upward revision.
Narrative Update • Oct 04

Fuel Cell Technology Will Transform On-Site Power Markets

Analysts have raised their price target for Bloom Energy from $43.78 to $57.63. This change is attributed to an improved revenue growth outlook, although it is moderated by expectations of a higher discount rate and lower profit margins.

Earnings and Revenue Growth Forecasts

NYSE:BE - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20289,9252,2792,0301,74125
12/31/20276,7721,3781,05899928
12/31/20264,12765338644425
6/30/20263,113245625738N/A
3/31/20262,4496230298N/A
12/31/20252,024-8857114N/A
9/30/20251,81915135180N/A
6/30/20251,630244491N/A
3/31/20251,565477129N/A
12/31/20241,474-293392N/A
9/30/20241,258-130-334-270N/A
6/30/20241,328-284-405-334N/A
3/31/20241,294-288-284-205N/A
12/31/20231,333-302-456-373N/A
9/30/20231,439-354-621-518N/A
6/30/20231,331-242-573-454N/A
3/31/20231,273-294-539-414N/A
12/31/20221,199-301-309-192N/A
9/30/20221,079-288-207-121N/A
6/30/2022994-283-184-124N/A
3/31/2022979-218-119-64N/A
12/31/2021972-164-110-61N/A
9/30/2021879-158-176-127N/A
6/30/2021872-118-147-94N/A
3/31/2021832-106-198-160N/A
12/31/2020794-158-137-99N/A
9/30/2020758-201-101-58N/A
6/30/2020782-241-2620N/A
3/31/2020795-280N/A146N/A
12/31/2019785-307N/A164N/A
9/30/2019676-370N/A63N/A
6/30/2019642-397N/A30N/A
3/31/2019610-361N/A-67N/A
12/31/2018633-274N/A-92N/A
9/30/2018652-210N/A-16N/A
6/30/2018555-203N/A-6N/A
3/31/2018473-221N/A-38N/A
12/31/2017366-276N/A-92N/A
9/30/2017318-272N/A-99N/A
6/30/2017276-291N/A-222N/A
3/31/2017242-280N/A-278N/A
12/31/2016209-280N/A-283N/A
9/30/2016168-318N/A-358N/A
6/30/2016144-307N/A-321N/A
3/31/2016126-317N/A-315N/A
12/31/2015173-341N/A-310N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BE's forecast earnings growth (42.5% per year) is above the savings rate (3.7%).

Earnings vs Market: BE's earnings (42.5% per year) are forecast to grow faster than the US market (17.1% per year).

High Growth Earnings: BE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BE's revenue (31.1% per year) is forecast to grow faster than the US market (13% per year).

High Growth Revenue: BE's revenue (31.1% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BE's Return on Equity is forecast to be very high in 3 years time (40.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/19 21:28
End of Day Share Price 2026/08/19 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bloom Energy Corporation is covered by 41 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin KalloBaird
Christine ChoBarclays
NEIL BEVERIDGEBernstein