Bloom Energy Future Growth
Future criteria checks 6/6
Bloom Energy is forecast to grow earnings and revenue by 44.9% and 32.2% per annum respectively. EPS is expected to grow by 44.1% per annum. Return on equity is forecast to be 46.9% in 3 years.
Key information
44.9%
Earnings growth rate
44.11%
EPS growth rate
| Electrical earnings growth | 18.0% |
| Revenue growth rate | 32.2% |
| Future return on equity | 46.95% |
| Analyst coverage | Good |
| Last updated | 03 Jul 2026 |
Recent future growth updates
Recent updates
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.Seeking Alpha • Jun 27
Bloom Energy: Why The 22% Plunge Was Mechanical, Not Fundamental. Reiterate Buy
Summary Bloom Energy (BE) is rated a buy after a 28% drawdown, attributed mainly to mechanical selling from Russell index reconstitution. BE reported Q1 non-GAAP EPS of $0.44 (vs. $0.13 consensus) and revenue up 130% YoY, prompting raised FY 2026 guidance. Management now guides for $3.4–$3.8B FY 2026 revenue, 34% gross margin, and $600–$750M operating income, with strong operating leverage and positive free cash flow. Technical support is seen near $215–$230; despite high volatility and bearish signals, current levels offer an attractive risk-reward buy-the-dip setup. Read the full article on Seeking Alpha
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.Narrative Update • Sep 19
Fuel Cell Technology Will Transform On-Site Power Markets
Bloom Energy's consensus price target has been significantly raised, driven by upgraded forecasts for both revenue growth and net profit margin, resulting in a new fair value estimate of $43.78. What's in the News Bloom Energy reaffirmed full year 2025 revenue guidance of $1.65 billion to $1.85 billion.Narrative Update • Sep 04
Fuel Cell Technology Will Transform On-Site Power Markets
The consensus analyst price target for Bloom Energy saw a marginal increase, primarily reflecting a slight improvement in projected revenue growth, with the fair value rising from $34.57 to $34.77. What's in the News Bloom Energy reaffirmed full-year 2025 revenue guidance of $1.65 billion to $1.85 billion.Analysis Article • Jul 25
Investors Appear Satisfied With Bloom Energy Corporation's (NYSE:BE) Prospects As Shares Rocket 44%
Bloom Energy Corporation ( NYSE:BE ) shares have continued their recent momentum with a 44% gain in the last month...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 9,682 | 2,030 | 1,945 | 1,656 | 23 |
| 12/31/2027 | 6,440 | 1,128 | 886 | 850 | 27 |
| 12/31/2026 | 3,744 | 466 | 276 | 122 | 26 |
| 3/31/2026 | 2,449 | 6 | 230 | 298 | N/A |
| 12/31/2025 | 2,024 | -88 | 57 | 114 | N/A |
| 9/30/2025 | 1,819 | 15 | 135 | 180 | N/A |
| 6/30/2025 | 1,630 | 24 | 44 | 91 | N/A |
| 3/31/2025 | 1,565 | 4 | 77 | 129 | N/A |
| 12/31/2024 | 1,474 | -29 | 33 | 92 | N/A |
| 9/30/2024 | 1,258 | -130 | -334 | -270 | N/A |
| 6/30/2024 | 1,328 | -284 | -405 | -334 | N/A |
| 3/31/2024 | 1,294 | -288 | -284 | -205 | N/A |
| 12/31/2023 | 1,333 | -302 | -456 | -373 | N/A |
| 9/30/2023 | 1,439 | -354 | -621 | -518 | N/A |
| 6/30/2023 | 1,331 | -242 | -573 | -454 | N/A |
| 3/31/2023 | 1,273 | -294 | -539 | -414 | N/A |
| 12/31/2022 | 1,199 | -301 | -309 | -192 | N/A |
| 9/30/2022 | 1,079 | -288 | -207 | -121 | N/A |
| 6/30/2022 | 994 | -283 | -184 | -124 | N/A |
| 3/31/2022 | 979 | -218 | -119 | -64 | N/A |
| 12/31/2021 | 972 | -164 | -110 | -61 | N/A |
| 9/30/2021 | 879 | -158 | -176 | -127 | N/A |
| 6/30/2021 | 872 | -118 | -147 | -94 | N/A |
| 3/31/2021 | 832 | -106 | -198 | -160 | N/A |
| 12/31/2020 | 794 | -158 | -137 | -99 | N/A |
| 9/30/2020 | 758 | -201 | -101 | -58 | N/A |
| 6/30/2020 | 782 | -241 | -26 | 20 | N/A |
| 3/31/2020 | 795 | -280 | 95 | 146 | N/A |
| 12/31/2019 | 785 | -307 | N/A | 164 | N/A |
| 9/30/2019 | 676 | -370 | N/A | 63 | N/A |
| 6/30/2019 | 642 | -397 | N/A | 30 | N/A |
| 3/31/2019 | 610 | -361 | N/A | -67 | N/A |
| 12/31/2018 | 633 | -274 | N/A | -92 | N/A |
| 9/30/2018 | 652 | -210 | N/A | -16 | N/A |
| 6/30/2018 | 555 | -203 | N/A | -6 | N/A |
| 3/31/2018 | 473 | -221 | N/A | -38 | N/A |
| 12/31/2017 | 366 | -276 | N/A | -92 | N/A |
| 9/30/2017 | 318 | -272 | N/A | -99 | N/A |
| 6/30/2017 | 276 | -291 | N/A | -222 | N/A |
| 3/31/2017 | 242 | -280 | N/A | -278 | N/A |
| 12/31/2016 | 209 | -280 | N/A | -283 | N/A |
| 9/30/2016 | 168 | -318 | N/A | -358 | N/A |
| 6/30/2016 | 144 | -307 | N/A | -321 | N/A |
| 3/31/2016 | 126 | -317 | N/A | -315 | N/A |
| 12/31/2015 | 173 | -341 | N/A | -310 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BE's forecast earnings growth (44.9% per year) is above the savings rate (3.5%).
Earnings vs Market: BE's earnings (44.9% per year) are forecast to grow faster than the US market (18.4% per year).
High Growth Earnings: BE's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BE's revenue (32.2% per year) is forecast to grow faster than the US market (12.7% per year).
High Growth Revenue: BE's revenue (32.2% 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 (46.9%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/04 17:47 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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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 39 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Kallo | Baird |
| Christine Cho | Barclays |
| NEIL BEVERIDGE | Bernstein |