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BE

Bloom Energy NYSE:BE Stock Report

Last Price

US$16.07

Market Cap

US$2.9b

7D

14.4%

1Y

-26.5%

Updated

24 May, 2022

Data

Company Financials +
BE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance0/6
Financial Health3/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Bloom Energy
Historical stock prices
Current Share PriceUS$16.07
52 Week HighUS$37.01
52 Week LowUS$11.47
Beta3.38
1 Month Change-15.69%
3 Month Change-8.28%
1 Year Change-26.45%
3 Year Change43.87%
5 Year Changen/a
Change since IPO-35.72%

Recent News & Updates

May 10

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.

May 03
An Intrinsic Calculation For Bloom Energy Corporation (NYSE:BE) Suggests It's 39% Undervalued

An Intrinsic Calculation For Bloom Energy Corporation (NYSE:BE) Suggests It's 39% Undervalued

How far off is Bloom Energy Corporation ( NYSE:BE ) from its intrinsic value? Using the most recent financial data...

Shareholder Returns

BEUS ElectricalUS Market
7D14.4%1.5%-0.5%
1Y-26.5%-19.7%-12.3%

Return vs Industry: BE underperformed the US Electrical industry which returned -19.7% over the past year.

Return vs Market: BE underperformed the US Market which returned -12.3% over the past year.

Price Volatility

Is BE's price volatile compared to industry and market?
BE volatility
BE Average Weekly Movement12.6%
Electrical Industry Average Movement11.2%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: BE is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: BE's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20011,719KR Sridharhttps://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

How do Bloom Energy's earnings and revenue compare to its market cap?
BE fundamental statistics
Market CapUS$2.86b
Earnings (TTM)-US$217.91m
Revenue (TTM)US$979.21m

2.9x

P/S Ratio

-13.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BE income statement (TTM)
RevenueUS$979.21m
Cost of RevenueUS$808.34m
Gross ProfitUS$170.87m
Other ExpensesUS$388.78m
Earnings-US$217.91m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.22
Gross Margin17.45%
Net Profit Margin-22.25%
Debt/Equity Ratio572.4%

How did BE perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


32.3%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BE ($15.01) is trading below our estimate of fair value ($23.23)

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 17 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


74.8%

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 (7.8% 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

0/6

Past 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

3/6

Financial 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

0/6

Dividend 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 ($USD34.21M) is above average for companies of similar size in the US market ($USD6.83M).

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$2.864b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.