Bloom Energy Corporation

NYSE:BE Stock Report

Market Cap: US$6.0b

Bloom Energy Valuation

Is BE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BE ($24.77) is trading below our estimate of fair value ($25.71)

Significantly Below Fair Value: BE is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BE?

Key metric: As BE is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BE. This is calculated by dividing BE's market cap by their current revenue.
What is BE's PS Ratio?
PS Ratio4.5x
SalesUS$1.26b
Market CapUS$5.98b

Price to Sales Ratio vs Peers

How does BE's PS Ratio compare to its peers?

The above table shows the PS ratio for BE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.4x
PSIX Power Solutions International
1x11.1%US$442.1m
GEV GE Vernova
2.6x7.1%US$93.1b
BW Babcock & Wilcox Enterprises
0.2x-0.03%US$171.7m
NXT Nextracker
1.8x8.5%US$5.2b
BE Bloom Energy
4.5x18.7%US$6.0b

Price-To-Sales vs Peers: BE is expensive based on its Price-To-Sales Ratio (4.5x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

How does BE's PS Ratio compare vs other companies in the US Electrical Industry?

22 CompaniesPrice / SalesEstimated GrowthMarket Cap
BW Babcock & Wilcox Enterprises
0.2x-0.03%US$171.66m
ZEO Zeo Energy
0.1xn/aUS$93.56m
CBAT CBAK Energy Technology
0.4x21.1%US$75.24m
TPIC TPI Composites
0.04x14.1%US$64.45m
BE 4.5xIndustry Avg. 1.9xNo. of Companies22PS0246810+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BE is expensive based on its Price-To-Sales Ratio (4.5x) compared to the US Electrical industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is BE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.5x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: BE is expensive based on its Price-To-Sales Ratio (4.5x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$24.77
US$22.72
-8.3%
29.0%US$33.00US$11.00n/a25
Dec ’25US$27.45
US$20.19
-26.5%
32.0%US$33.00US$7.00n/a24
Nov ’25US$9.94
US$15.95
+60.5%
29.6%US$25.00US$8.00n/a21
Oct ’25US$10.21
US$16.30
+59.6%
28.7%US$25.00US$8.00n/a21
Sep ’25US$11.91
US$16.33
+37.1%
28.7%US$25.00US$8.00n/a22
Aug ’25US$12.50
US$16.12
+29.0%
28.7%US$25.00US$9.00n/a23
Jul ’25US$11.37
US$15.96
+40.3%
30.0%US$25.00US$8.00n/a23
Jun ’25US$16.32
US$16.38
+0.3%
33.8%US$32.00US$8.00n/a24
May ’25US$11.31
US$16.04
+41.8%
35.7%US$32.00US$9.00n/a24
Apr ’25US$11.73
US$16.10
+37.3%
36.7%US$32.00US$9.00n/a24
Mar ’25US$9.08
US$16.25
+79.0%
38.3%US$32.00US$9.00n/a22
Feb ’25US$12.01
US$18.95
+57.8%
30.9%US$32.00US$9.00n/a22
Jan ’25US$14.80
US$19.82
+33.9%
30.7%US$32.00US$10.00n/a22
Dec ’24US$15.38
US$20.57
+33.7%
30.9%US$32.00US$10.00US$27.4523
Nov ’24US$10.02
US$22.77
+127.3%
25.6%US$33.00US$14.00US$9.9422
Oct ’24US$13.26
US$25.29
+90.7%
20.8%US$33.00US$17.00US$10.2121
Sep ’24US$15.16
US$25.60
+68.9%
21.7%US$35.00US$17.00US$11.9120
Aug ’24US$17.67
US$26.14
+48.0%
20.8%US$35.00US$17.00US$12.5021
Jul ’24US$16.35
US$26.08
+59.5%
22.0%US$35.00US$17.00US$11.3720
Jun ’24US$13.96
US$26.08
+86.8%
22.0%US$35.00US$17.00US$16.3220
May ’24US$16.52
US$28.57
+73.0%
17.5%US$40.00US$21.00US$11.3121
Apr ’24US$19.93
US$29.19
+46.5%
16.5%US$40.00US$21.00US$11.7321
Mar ’24US$21.90
US$29.19
+33.3%
16.5%US$40.00US$21.00US$9.0821
Feb ’24US$25.42
US$28.27
+11.2%
18.3%US$40.00US$20.00US$12.0122
Jan ’24US$19.12
US$28.52
+49.2%
18.3%US$40.00US$20.00US$14.8021
Dec ’23US$21.52
US$28.10
+30.6%
18.6%US$40.00US$20.00US$15.3820

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 23:08
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Bloom Energy Corporation is covered by 37 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.

AnalystInstitution
Benjamin KalloBaird
Ameet ThakkarBMO Capital Markets Equity Research
Dimple GosaiBofA Global Research