Bloom Energy (NYSE:BE) Releases Earnings Results

Bloom Energy (NYSE:BE) released its quarterly earnings data on Thursday. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25, FiscalAI reports. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The company’s revenue was up 138.1% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS.

Here are the key takeaways from Bloom Energy’s conference call:

• Bloom reported record third-quarter results, with revenue of $1.24 billion, up 138% year over year, operating income up more than 500%, and non-GAAP diluted EPS of $0.94 versus $0.15 a year earlier.
• Management raised its 2026 outlook for the third time, now projecting $4.4 billion–$4.6 billion in revenue, $960 million–$1.03 billion in operating income, and non-GAAP diluted EPS of $3.10–$3.40, citing stronger performance and improved delivery visibility.
• Demand is expanding beyond hyperscale data centers into utilities, military and critical infrastructure, commercial and industrial customers, international markets, and carbon-capture projects; management said backlog is growing faster than revenue and is preparing additional manufacturing capacity beyond its 5-gigawatt milestone.
• Despite strong profitability, operating cash flow was a $27 million use and free cash flow was negative $181 million in the quarter as inventory, receivables, contract assets, and capital expenditures increased to support growth; management also warned that year-end delivery timing will determine where results land within its guidance range.
• Product gross margin reached 38.4% and total gross margin was 34.5%, while operating margin expanded to 23.1%; management expects further benefits from production-line maturity, utilization, automation, and cost-reduction initiatives, although near-term ramp and expedited-delivery costs remain a constraint.

Bloom Energy Price Performance

Shares of Bloom Energy stock traded down $24.18 on Friday, reaching $193.59. The company’s stock had a trading volume of 7,947,361 shares, compared to its average volume of 13,002,411. The company has a market capitalization of $57.02 billion, a P/E ratio of 260.45, a PEG ratio of 3.08 and a beta of 3.77. Bloom Energy has a 52-week low of $75.70 and a 52-week high of $351.28. The stock has a 50-day moving average price of $249.46 and a 200-day moving average price of $249.56. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BE shares. Barclays lifted their price target on Bloom Energy from $276.00 to $308.00 and gave the company an “equal weight” rating in a research report on Thursday, October 1st. KeyCorp reaffirmed a “sector weight” rating on shares of Bloom Energy in a research note on Friday. Robert W. Baird lifted their target price on shares of Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Jefferies Financial Group boosted their target price on shares of Bloom Energy from $229.00 to $264.00 and gave the company a “hold” rating in a research note on Tuesday, September 29th. Finally, Susquehanna increased their price target on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus price target of $260.36.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 2,870 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total transaction of $775,072.20. Following the transaction, the insider owned 202,494 shares in the company, valued at $54,685,529.64. This trade represents a 1.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Soderberg sold 2,895 shares of Bloom Energy stock in a transaction on Friday, August 14th. The shares were sold at an average price of $233.60, for a total transaction of $676,272.00. Following the completion of the sale, the insider directly owned 129,370 shares in the company, valued at $30,220,832. This represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 89,698 shares of company stock worth $21,780,758. 3.00% of the stock is currently owned by corporate insiders.

Key Bloom Energy News

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Record results exceeded expectations: Third-quarter revenue surged 138% year over year to $1.24 billion, while adjusted EPS of $0.94 comfortably topped estimates near $0.69–$0.71. Net income reached $250.3 million versus a loss a year earlier. Bloom Energy Q3 Earnings: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Full-year outlook was raised: Bloom now expects 2026 revenue of $4.4 billion to $4.6 billion, with a midpoint about 9% above analyst expectations. Adjusted full-year EPS guidance was also set at $3.10 to $3.40, reflecting strong demand for on-site power systems. Bloom Energy Reports Record Third Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Data-center demand remains a major growth driver: Management said hyperscalers are accelerating adoption of Bloom’s distributed-power technology. The opportunity may extend beyond AI data centers to broader power and cooling infrastructure needs. Bloom Energy Q3 2026 Earnings Call Transcript
• Positive Sentiment: Bernstein raised its price target to $306 from $282 while maintaining a Market Perform rating, implying substantial potential upside from the referenced $216.69 price. Sanford C. Bernstein recommendations
• Neutral Sentiment: Analyst opinion remains mixed: KeyCorp reaffirmed Sector Weight and BMO maintained a Hold rating, suggesting that some analysts believe the strong results are already reflected in the shares. KeyCorp recommendations
• Negative Sentiment: Cash generation disappointed: Bloom reported approximately $180 million of negative net cash flow for the quarter. That concern appears to be offsetting the earnings beat and higher outlook, particularly after the stock’s substantial prior rally. BE Stock Drops After-Hours
• Negative Sentiment: Valuation leaves little room for disappointment: With a reported price-to-earnings ratio near 289 and a beta of 3.77, BE remains highly sensitive to concerns about execution, cash flow and the sustainability of AI-related demand.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.