| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 6/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
BE Stock Overview
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally.
Bloom Energy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.57 |
| 52 Week High | US$37.01 |
| 52 Week Low | US$11.47 |
| Beta | 3.38 |
| 1 Month Change | -14.63% |
| 3 Month Change | -18.46% |
| 1 Year Change | -30.44% |
| 3 Year Change | 52.58% |
| 5 Year Change | n/a |
| Change since IPO | -33.72% |
Recent News & Updates
Bloom Energy: Increasing Conviction Despite Weakness Due To Near-Term Challenges
Investors sold off Bloom Energy after its 1Q22 results as its numbers, specifically on margins, missed expectations. I looked into its results to determine if the market overreacted. I did a deeper dive into the cause of weaker gross margins in 1Q22 and come out of it finding that 2022 gross margin guidance can actually still be met. In the quarter, Bloom Energy continues to demonstrate how its offerings bring strong value proposition to a wide variety of customers, as elaborated below. Based on checks with the management, Bloom Energy continues to see strong interest for its offerings and its commercial pipeline remains strong. With that, my target price for Bloom Energy remains to be $28.70, implying 87% upside potential from current levels.
Shareholder Returns
| BE | US Electrical | US Market | |
|---|---|---|---|
| 7D | 6.4% | 0.9% | 1.0% |
| 1Y | -30.4% | -21.5% | -15.1% |
Return vs Industry: BE underperformed the US Electrical industry which returned -21.5% over the past year.
Return vs Market: BE underperformed the US Market which returned -15.1% over the past year.
Price Volatility
| BE volatility | |
|---|---|
| BE Average Weekly Movement | 12.4% |
| Electrical Industry Average Movement | 11.2% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: BE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: BE's weekly volatility (12%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 1,719 | KR Sridhar | https://www.bloomenergy.com |
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a power generation platform that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion. It serves data centers, hospitals, healthcare manufacturing facilities, biotechnology facilities, grocery stores, hardware stores, banks, telecom facilities and other critical infrastructure applications.
Bloom Energy Fundamentals Summary
| BE fundamental statistics | |
|---|---|
| Market Cap | US$2.95b |
| Earnings (TTM) | -US$217.91m |
| Revenue (TTM) | US$979.21m |
3.0x
P/S Ratio-13.6x
P/E RatioIs BE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BE income statement (TTM) | |
|---|---|
| Revenue | US$979.21m |
| Cost of Revenue | US$808.34m |
| Gross Profit | US$170.87m |
| Other Expenses | US$388.78m |
| Earnings | -US$217.91m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.22 |
| Gross Margin | 17.45% |
| Net Profit Margin | -22.25% |
| Debt/Equity Ratio | 572.4% |
How did BE perform over the long term?
See historical performance and comparisonValuation
Is Bloom Energy undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
28.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BE ($16.57) is trading below our estimate of fair value ($23.1)
Significantly Below Fair Value: 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 Price-To-Earnings Ratio to the US Electrical industry average.
PE vs Market: BE is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US market.
Price to Earnings Growth Ratio
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 Price-To-Book Ratio to the US Electrical industry average.
Future Growth
How is Bloom Energy forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Future Growth Score
6/6Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
73.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: BE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BE's is expected to become profitable in the next 3 years.
Revenue vs Market: BE's revenue (24.9% per year) is forecast to grow faster than the US market (8% per year).
High Growth Revenue: BE's revenue (24.9% 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 (51.9%).
Past Performance
How has Bloom Energy performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
10.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BE is currently unprofitable.
Growing Profit Margin: BE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BE is unprofitable, but has reduced losses over the past 5 years at a rate of 10.9% 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 (33.9%).
Return on Equity
High ROE: BE has a negative Return on Equity (-160.17%), as it is currently unprofitable.
Financial Health
How is Bloom Energy's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: BE's short term assets ($723.6M) exceed its short term liabilities ($347.0M).
Long Term Liabilities: BE's short term assets ($723.6M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: BE's net debt to equity ratio (386.4%) is considered high.
Reducing Debt: BE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
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: BE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if BE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is Bloom Energy current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as BE has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
KR Sridhar (60 yo)
21.33yrs
Tenure
US$34,210,000
Compensation
Dr. KR Sridhar, Ph.D. co-founded Bloom Energy Corporation in 2001 and serves as its Chairman, President since January 2002 and Chief Executive Officer since March 2002. Dr. Sridhar was the Principal of Blo...
CEO Compensation Analysis
Compensation vs Market: KR's total compensation ($USD34.21M) is above average for companies of similar size in the US market ($USD6.86M).
Compensation vs Earnings: KR's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: BE's management team is considered experienced (2.1 years average tenure).
Board Members
Experienced Board: BE's board of directors are considered experienced (9.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.
Top Shareholders
Company Information
Bloom Energy Corporation's 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
- Implied Market Cap: US$2.953b
- Shares outstanding: 178.20m
- Website: https://www.bloomenergy.com
Number of Employees
Location
- Bloom Energy Corporation
- 4353 North First Street
- San Jose
- California
- 95134
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/26 00:00 |
| End of Day Share Price | 2022/05/26 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.