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$48.3B
Market Cap
P/E
1.82
PEG
7.4%
ROCE
-12.6%
ROE
3.44
D/E
3.6%
OPM
-37.1%
% from 52W High
96
α RS
🔍 BE is showing an earnings-catalyst setup because an ECS of 70.3 last quarter, it matches 2 of 37 tracked screener presets, and RS Rating is 96 (top decile vs market). Net: Broad signal stack, not a recommendation. ? ECS Conviction RS Rating
Sources
ECS 70.3 · Conviction 2/37 · RS Rating 96
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🌏 Global Investor Returns
Currency-adjusted total returns for BE including FX impact
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📈 Price History
Ratio Health
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By Category
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About

Bloom Energy Corporation designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding BE
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 535.9K $72.6M 0.11% Mar 2026
Stan Druckenmiller Duquesne Family Office 136.3K $18.5M 0.55% Mar 2026
Steve Cohen Point72 Asset Management 45.4K $6.2M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$1.065B
+166% YoY
Operating Income (non-GAAP)
$240M
+737% YoY
Operating Margin (non-GAAP)
22.5%
+15.4pp YoY
Net Income (GAAP)
$196M
+$239M vs -$43M prior year
What Went Right
  • Record quarterly revenue of $1.065B, up 166% YoY and first quarter above $1B.
  • Non-GAAP gross margin expanded 604bps YoY to 34.3%; product gross margin was 37.2%.
  • Brookfield expanded its financing framework fivefold to $25B; operating cash flow was $226M.
What to Watch
  • Revenue is naturally lumpy — one or two large customers can drive quarterly revenue due to delivery timing, creating concentration optics.
  • Project delays remain a risk; management says 2026 guidance is not dependent on any single project.
  • Scandium supply was questioned; management says enough exists and Bloom is not China-dependent, but gave limited detail.
Management Guidance
  • Q3 2026 quarterly guidance: Not provided.
  • FY2026 revenue guidance raised to $3.9B-$4.2B.
  • FY2026 non-GAAP operating income guidance raised to $800M-$900M; non-GAAP gross margin ~34%; non-GAAP EPS $2.55-$2.85.
Investor Lens
The thesis is stronger after this call. Revenue growth is accelerating, operating leverage is visible with operating income up 737% YoY, and financing capacity has expanded dramatically with Brookfield raising its commitment to $25B. Backlog is growing faster than revenue, giving visibility into 2026 and beyond. The main risks to monitor are concentration from lumpy deliveries and potential project timing slips, not demand.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record $1.065B quarter, 166% revenue growth, FY guidance raised.
Revenue
Q2 2026 revenue was $1.065B, up 166% YoY and 42% sequentially. Product revenue was $935M, up 215% YoY and represented nearly 90% of total revenue, driven by accelerating data center deliveries.
Profitability
GAAP net income attributable to common stockholders was $196M versus a $43M loss in Q2 2025. Non-GAAP diluted EPS was $0.78 versus $0.10; GAAP diluted EPS was $0.62 versus $(0.18).
Margins
Non-GAAP gross margin was 34.3%, up 604bps YoY, with product gross margin at 37.2% and service margin at 22%. Non-GAAP operating margin was 22.5%, up roughly 15.4pp YoY, reflecting structural operating leverage as revenue grew 166% while OpEx grew only 48%.
Balance Sheet
Operating cash flow was $226M, an improvement of $439.5M YoY. Free cash flow was $175M, and the company ended the quarter with $2.7B of cash.
Key Risks
Management flagged that large campus deliveries are lumpy and revenue concentration can reflect delivery timing, not backlog composition. Analysts also raised project delay, scandium supply, and AI demand durability concerns; management emphasized protections, no single-project dependency, and strong visibility.
Outlook
Full-year 2026 revenue guidance was raised to $3.9B-$4.2B with non-GAAP operating income of $800M-$900M and non-GAAP EPS of $2.55-$2.85. Management expects operating expense growth to remain well below revenue growth, supporting continued operating margin expansion.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-28
Achieved record $1.065 billion in Q2 revenue, up 166% year-over-year, with strong gross and operating margins. Raised full-year outlook to $3.9–$4.2 billion revenue and $800–$900 million operating income, driven by accelerating AI data center demand and expanded financing partnerships.
Q1 2026 Q1 2026 2026-04-28
Record Q1 results with 130% revenue growth, margin expansion, and strong cash flow led to a significant guidance raise for 2026. AI-driven demand and a landmark Oracle deal are fueling rapid capacity expansion and robust backlog, with continued innovation and cost reductions supporting long-term growth.
Q4 2025 Q4 2025 2026-02-05
Record revenue and margins in 2025, with strong growth in both product and service backlogs. 2026 guidance projects further acceleration, driven by AI and C&I demand, new 800V DC-ready products, and robust U.S. market conditions.
Q3 2025 Q3 2025 2025-10-28
Record Q3 revenue and margins driven by AI demand and product innovation, with strong growth across all segments. Major partnerships and capacity expansion position the company for continued outperformance in 2025 and beyond.
Q2 2025 Q2 2025 2025-07-31
Record Q2 revenue and profitability driven by surging AI data center demand and major partnerships. Guidance for 2025 is reiterated, with strong margins, robust order pipeline, and plans to double capacity. Rapid deployment and modular solutions provide a competitive edge.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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