Bloom Energy
Builds solid-oxide systems for onsite electricity generation and hydrogen production.
Something off on this page? Send us feedback.
Profile
Sells Bloom Energy Server solid-oxide fuel cell systems for onsite electricity and Bloom Electrolyzers for hydrogen production, earning primarily from hardware plus installation and long-term service. Most product revenue comes from Energy Servers, with the United States as the largest market and South Korea second.
Manufactures the Bloom Energy Server, a modular solid-oxide fuel cell system that converts natural gas, biogas, or hydrogen into onsite electricity without combustion, and the Bloom Electrolyzer for hydrogen production. Product sales supply most revenue, complemented by installation, long-term operations and maintenance, and electricity sales. Customers span data centers, commercial and industrial facilities, and utilities, with the United States the largest market and South Korea second.
Uses a shared solid-oxide architecture, supply chain, and manufacturing base across both products. Modular Energy Servers can serve grid-connected sites or microgrids, while service agreements support system availability over multiyear contracts.
Nearly all product revenue comes from Energy Servers, most deployments use natural gas, and project economics depend on fuel and grid-electricity prices, customer financing, permitting, utility rules, and energy incentives.
Company facts
Categories
Key statistics
Year to date +113% · Average volume (30d) 15.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Jefferies | Reiterate | Hold | $188 | $229 | |
| Jul 30, 2026 | Wells Fargo | Reiterate | Equal Weight | $130 | $176 | |
| Jul 30, 2026 | Mizuho Securities | Target | $285 | $242 | ||
| Jul 30, 2026 | Mizuho | Upgrade | Neutral | Outperform | ||
| Jul 29, 2026 | Truist Financial | Target | $250 | $218 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.39 | $0.78 | +100.0% | $826.1M | $1.07B | +29.0% | −1.85% |
| Apr 28, 2026Q1 FY26 | $0.12 | $0.44 | +255.1% | $539.9M | $751.1M | +39.1% | +27.21% |
| Feb 5, 2026Q4 FY25 | $0.31 | $0.45 | +46.7% | $648.5M | $777.7M | +19.9% | +4.71% |
| Oct 28, 2025Q3 FY25 | $0.10 | $0.15 | +49.0% | $427.1M | $519.0M | +21.5% | +18.03% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $326.0M | $401.2M | $519.0M | $777.7M | $751.1M | $1.07B | |
| Gross profit | $88.8M | $144.8M | $151.7M | $239.9M | $225.5M | $355.6M | |
| Operating income | −$19.0M | $34.2M | $7.8M | $87.5M | $72.2M | $182.2M | |
| Net income | −$23.8M | −$42.6M | −$23.1M | $1.1M | $70.7M | $196.3M | |
| Diluted EPS | −$0.10 | −$0.18 | −$0.10 | $0.00 | $0.23 | $0.62 | |
| Gross margin | 27.2% | 36.1% | 29.2% | 30.8% | 30.0% | 33.4% | |
| Operating margin | -5.8% | 8.5% | 1.5% | 11.3% | 9.6% | 17.1% |
Fiscal years (4-quarter sums)FY21 $972.2M · FY22 $1.20B · FY23 $1.33B · FY24 $1.47B · FY25 $2.02B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.72B · Total debt $2.81B · Total assets $5.63B · Shareholders' equity $1.61B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 294.53M · Float 275.95M · 93.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 18.44M | 6.26% | 13F | Aug 7, 2026 |
| Ameriprise Financial Inc | 18.13M | 6.16% | 13F | Aug 14, 2026 |
| Jane Street Group, LLC | 14.87M | 5.10% | 13G | Aug 4, 2026 |
| Goldman Sachs Group Inc | 13.95M | 4.74% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 12.55M | 4.26% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Shawn Marie Soderberg | officer: See Remarks | −2,895 | $233.60 |
| Aug 14, 2026 | Satish Chitoori | officer: Chief Operations Officer | −2,053 | $241.64 |
| Aug 17, 2026 | Jeffrey R. Immelt | director | −30,000 | $238.91 |
| Aug 14, 2026 | Aman Joshi | officer: Chief Commercial Officer | −4,677 | $241.75 |
| Aug 13, 2026 | John T. Chambers | director | −15,000 | $250.00 |
Peers
- FuelCell Energy
Molten-carbonate fuel cell rival targeting the same data-center customers.
- GE Vernova
Gas turbine giant competing for AI data center on-site prime power.
- Caterpillar
Incumbent in data center backup and bridge power via reciprocating generators.
- Plug Power
PEM electrolyzer leader expanding into data-center stationary power.
- Cummins
Diversified power leader with record data center backup-generator revenue.
- Ballard Power Systems
PEM fuel cell manufacturer expanding into stationary and backup power.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bloom Energy | $210.81 | +0.08% | $62.08B | 278.9 | 58.9 | 19.9 | +165.5% |
| FuelCell Energy | $17.82 | +0.28% | $1.42B | — | — | 8.5 | −4.9% |
| GE Vernova | $914.10 | +0.30% | $242.88B | 26.2 | 43.5 | 5.9 | +21.9% |
| Caterpillar | $799.82 | −0.02% | $368.62B | 34.4 | 27.8 | 4.9 | +24.0% |
| Plug Power | $2.20 | +0.46% | $3.06B | — | — | 4.1 | +2.5% |
| Cummins | $564.40 | −0.03% | $77.94B | 28.9 | 17.0 | 2.2 | +9.4% |
| Ballard Power Systems | $2.28 | +1.10% | $678.3M | — | — | 6.4 | +14.0% |
| Median | 28.9 | 27.8 | 5.4 | +11.7% |