BE
Bloom Energy Corporation
BE lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
BE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Strong |
BE's revenue, profitability, cash flow and balance sheet are all currently healthy.
BE PE Valuation
BE has no meaningful PE right now: it lost money over the past year.
BE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for BE, with profitability improving.
BE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.75 | +4218% |
| Q2 2025 | $0.11 | +$1.38 |
| Q1 2025 | $0.02 | +$1.34 |
| Q4 2024 | -$0.13 | +$1.29 |
| Q3 2024 | -$0.53 | +$1.14 |
| Q2 2024 | -$1.27 | -$0.09 |
| Q1 2024 | -$1.32 | +$0.21 |
| Q4 2023 | -$1.42 | +$0.20 |
| Q3 2023 | -$1.67 | -$0.06 |
BE has returned to profit: it earned $0.11 per share over the past year, after losing money the year before.
BE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +138% |
| Q2 2026 | $1.1B | +166% |
| Q1 2026 | $751.1M | +130% |
| Q4 2025 | $777.7M | +36% |
| Q3 2025 | $519M | +57% |
| Q2 2025 | $401.2M | +20% |
| Q1 2025 | $326M | +39% |
| Q4 2024 | $572.4M | +60% |
BE's revenue has grown year over year for eight quarters in a row: $1.2B last quarter, up 138% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +17 points |
| Q2 2026 | 17% | +18 points |
| Q1 2026 | 9.6% | +16 points |
| Q4 2025 | 11% | -7 points |
| Q3 2025 | 1.5% | +4.4 points |
| Q2 2025 | -0.9% | +6 points |
| Q1 2025 | -5.8% | +15 points |
| Q4 2024 | 18% | +15 points |
BE's operating margin was 18% last quarter, up 17 points from the same quarter a year ago, near the top of its range since 2019.
BE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$180.6M | -2552% |
| Q2 2026 | $174.8M | +$395.1M |
| Q1 2026 | $47.4M | +$172.4M |
| Q4 2025 | $395.1M | -16% |
| Q3 2025 | $7.4M | +$91.1M |
| Q2 2025 | -$220.4M | -$32.8M |
| Q1 2025 | -$124.9M | +$43.8M |
| Q4 2024 | $473.1M | +348% |
BE has burned cash in most quarters: $437M over the past year, about three times what it generated the year before.
BE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +958K shares |
| 1 year | +38% | +89.4M shares |
| 3 years | +54% | +113M shares |
| 5 years | +86% | +150M shares |
| Available history | +182% | +209M shares |
BE has 324M diluted shares, up 38% from a year ago.
BE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 3.8x | Elevated |
| Q2 2025 | 4.5x | High |
| Q1 2025 | 4.3x | High |
| Q4 2024 | 5.8x | High |
BE has more cash than debt.
BE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.5 | Neutral |
| Stochastic | 24.9 | Neutral |
BE's weekly RSI is 46 (neutral) and its Stochastic is 25 (neutral).
BE PE vs Industrials Sector
| Metric | BE | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
BE has no meaningful PE right now: it lost money over the past year.
BE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $231.4 | 13% below |
| 20 week MA | $231.4 | 13% below |
| 50 week MA | $202.4 | 0.2% below |
| 100 week MA | $123.2 | 64% above |
| 200 week MA | $68.9 | 193% above |
BE has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 193% above its 200-week average.
BE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.37 | $30.5 | +379% |
| 2021 | $30.5 | $22.0 | -28% |
| 2022 | $22.0 | $18.5 | -16% |
| 2023 | $18.5 | $14.8 | -20% |
| 2024 | $14.8 | $22.9 | +55% |
| 2025 | $22.9 | $90.2 | +294% |
| 2026 YTD | $90.2 | $201.9 | +124% |
BE is up 124% so far in 2026, after finishing lower in three of the previous six years.