Bloom Energy Corporation (BE) Stock Price & Analysis
Bloom Energy Corporation (BE) closed at USD 217.77 on Thursday, October 22, 2026, down 8.70% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 238.53; the Oct 22, 2026 session ranged USD 210.74–229.91 on volume of 23,302,400 shares. Market capitalization is $64.14B, with a 52-week range of USD 75.7–351.28 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BE.md
Key facts (BE)
- Last four reported quarters (through Sep 30, 2026): revenue $3.83B, net income $523M (13.7% margin), free cash flow $437M (SEC filings).
- 2 of 80 tracked superinvestors hold BE (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 25 Form 4 filings, $81.6M; 6 not under a Rule 10b5-1 plan ($11.3M); 0 by opportunistic insiders, 6 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +114.7% vs S&P 500 +14.9%; 5Y +978.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 1.09, revenue estimate $1.42B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $972M | $1.20B | $1.33B | $1.47B | $2.02B | $3.83B |
| Gross profit | $198M | $148M | $198M | $405M | $587M | — |
| Operating income | -$115M | -$261M | -$209M | $22.9M | $72.8M | $567M |
| Net income | -$164M | -$302M | -$302M | -$27.2M | -$87.1M | $523M |
| EPS (diluted) | -$0.95 | -$1.62 | -$1.42 | -$0.13 | -$0.37 | — |
| Free cash flow | -$110M | -$309M | -$456M | $33.1M | $57.2M | $437M |
| Gross margin | 20.3% | 12.4% | 14.8% | 27.5% | 29.0% | — |
| Operating margin | -11.8% | -21.8% | -15.7% | 1.6% | 3.6% | 14.8% |
| Net margin | -16.9% | -25.2% | -22.7% | -1.8% | -4.3% | 13.7% |
| Revenue growth | +22.4% | +23.3% | +11.2% | +10.5% | +37.3% | — |
| Cash + short-term investments | — | $348M | $665M | $803M | $2.45B | — |
| Total debt | $527M | $412M | $847M | $1.13B | $2.62B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (BE)
Superinvestors (SEC 13F-HR, Q2 2026) (BE)
2 of 80 tracked investors hold BE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Torray Funds | 2.15% | $15.9M | Reduced -12.4% | |
| Polen Capital | Polen Capital Management | 0.11% | $12.4M | Reduced -39.3% |
Insider sales (SEC Form 4, open-market, last ~7 months) (BE)
19 of 25 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Joshi Aman | Chief Commercial Officer | 8,437 | $2.3M | 5.4% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-16 | Joshi Aman | Chief Commercial Officer | 3,601 | $972K | 2.3% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-16 | Kurzymski Maciej | Chief Accounting Officer | 2,295 | $616K | 2.9% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-16 | Soderberg Shawn Marie | See Remarks | 2,870 | $775K | 0.6% | Yes (adopted November 26, 2025) | Routine (sold in Jan & Feb & May & Aug & Nov each year 2023–2025; this trade is outside those months) |
| 2026-09-16 | Chitoori Satish | Chief Operations Officer | 2,870 | $775K | 1.4% | Yes (adopted November 28, 2025) | Too little history (no open-market trades in 2023) |
| 2026-08-17 | Immelt Jeffrey R | Director | 30,000 | $7.2M | 13% | Yes (adopted May 1, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-14 | Joshi Aman | Chief Commercial Officer | 4,677 | $1.1M | 2.9% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-14 | Chitoori Satish | Chief Operations Officer | 2,053 | $496K | 1% | Yes (adopted November 28, 2025) | Too little history (no open-market trades in 2023) |
| 2026-08-14 | Soderberg Shawn Marie | See Remarks | 2,895 | $676K | 0.6% | No | Routine (sold in Jan & Feb & May & Aug & Nov each year 2023–2025) |
| 2026-08-13 | Chambers John T | Director | 15,000 | $3.8M | 4.1% | Yes (adopted February 26, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Chambers John T | Director | 15,000 | $3.1M | 4% | Yes (adopted February 26, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-07-01 | Joshi Aman | Chief Commercial Officer | 8,343 | $2.5M | 4.8% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-16 | Joshi Aman | Chief Commercial Officer | 3,558 | $1.0M | 2% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-16 | Kurzymski Maciej | Chief Accounting Officer | 2,259 | $652K | 2.8% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-16 | Chitoori Satish | Chief Operations Officer | 2,837 | $820K | 1.3% | Yes (adopted November 28, 2025) | Too little history (no open-market trades in 2023) |
| 2026-06-16 | Soderberg Shawn Marie | See Remarks | 2,842 | $820K | 0.6% | No | Routine (sold in Jan & Feb & May & Aug & Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-28 | Chambers John T | Director | 55,000 | $16.4M | 12.7% | Yes (adopted February 26, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-05-14…2026-05-18 | Soderberg Shawn Marie | See Remarks | 5,625 | $1.5M | 1.2% | Yes (adopted November 26, 2025) | Routine (sold in Jan & Feb & May & Aug & Nov each year 2023–2025) |
| 2026-05-14 | Chitoori Satish | Chief Operations Officer | 2,111 | $608K | 1% | Yes (adopted November 28, 2025) | Too little history (no open-market trades in 2023) |
| 2026-05-14 | Joshi Aman | Chief Commercial Officer | 4,813 | $1.4M | 2.7% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (BE)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Truist Securities | Target raised | Hold | $218 → $240 |
| 2026-10-15 | Baird | Target raised | Outperform | $310 → $351 |
| 2026-10-07 | UBS | Target raised | Buy | $325 → $350 |
| 2026-10-07 | Bernstein | Reiterated | Market Perform | $282 |
| 2026-10-02 | Barclays | Target raised | Equal-Weight | $276 → $308 |
| 2026-10-01 | Barclays | Target raised | Equal-Weight | $276 → $308 |
| 2026-09-29 | Jefferies | Target raised | Hold | $229 → $264 |
| 2026-09-28 | RBC Capital | Maintained | Outperform | $335 |
| 2026-09-14 | Mizuho | Target raised | Outperform | $242 → $351 |
| 2026-08-27 | Bernstein | Reiterated | Market Perform | $282 |
| 2026-08-14 | Jefferies | Target raised | Hold | $188 → $229 |
| 2026-07-30 | Wells Fargo | Target lowered | Equal-Weight | $217 → $176 |
Total return (dividends reinvested) (BE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +114.7% | +978.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +115.3% | +60.7% |
| Volatility (annualized) | 110.5% | 84.7% |
| Max drawdown | -52.6% (Jun 2026→Jul 2026) | -74.9% (Nov 2021→Feb 2024) |
BE revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product | $1.07B | 86.9% | +179.4% |
| Installation | $84.9M | 6.9% | +29.0% |
| Service | $67.6M | 5.5% | +15.3% |
| Electricity | $5.0M | 0.4% | +8.0% |
| Total revenue | $1.24B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BE suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Oracle (ORCL) | “In addition, in October 2025, in connection with our partnership with Oracle Corporation ("Oracle") to provide on-site solid state power for AI data centers, subject to the negotiation of a warrant mutually acceptable to us and Oracle, we agreed to issue to Oracle a warrant (the "Oracle Warrant") to purchase up to an aggregate of 3,531,073 shares of our common stock, with an exercise price of $113.28 per share, wh…” |
Quoted from the company's 10-K filed Feb 9, 2026.
BE customer concentration
In the period ended Sep 30, 2026, 2 direct customers each accounted for at least 10% (43%, 26%) of revenue, per the company's 10-Q filed Oct 22, 2026. The company does not name them.
BE company outlook (results filed Oct 22, 2026)
- “Our year-to-date performance and customer demand give us confidence to raise our 2026 outlook for the third time this year." 1 Summary of Key Financial Metrics Summary of GAAP Financial Information ($000), except EPS data Q3'26 Q2'26 Q3'25 Revenue”
Quoted word-for-word from the SEC 8-K results press release.
BE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $1.09 | $0.77 | +42.2% | $1.42B | 6 |
| Next quarter (ends Mar 2027) | $0.93 | $0.82 | +13.3% | $1.37B | 9 |
| Current fiscal year (ends Dec 2026) | $3.14 | $2.17 | +45.1% | $4.38B | 8 |
| Next fiscal year (ends Dec 2027) | $5.06 | $4.55 | +11.4% | $6.82B | 25 |
BE options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 119.5% | ±15.8% |
| Nov 6, 2026 | 14 | 103.3% | ±18.2% |
| Nov 13, 2026 | 21 | 94.5% | ±20.0% |
| Nov 20, 2026 | 28 | 91.0% | ±21.8% |
| Nov 27, 2026 | 35 | 87.4% | ±23.4% |
| Dec 4, 2026 | 42 | 86.7% | ±25.2% |
| Dec 18, 2026 | 56 | 83.2% | ±27.9% |
| Jan 15, 2027 | 84 | 80.0% | ±31.9% |
30-day implied volatility 89% vs 85.7% realized over the last 30 trading days. Put/call ratio (volume) 0.78. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 217.77 |
|---|---|
| Change | ▼ 8.70% (down) |
| Previous Close | USD 238.53 |
| Open | USD 228.15 |
| Day Range | USD 210.74 – 229.91 |
| 52-Week Range | USD 75.7 – 351.28 |
| Volume | 23,302,400 shares |
| Market Cap | $64.14B |
| Exchange | NYQ |
Technical Analysis (BE)
Nexqual's technical model rates BE "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 38.63 (neutral) |
| vs SMA50 | Below (USD 249.16) |
| MACD | -9.52 (negative) |
Earnings (BE)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 1.09 |
| Revenue Estimate | $1.42B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.94 vs est 0.68 ▲ beat |
| 2026-06-30 | USD 0.78 vs est 0.41 ▲ beat |
| 2026-03-31 | USD 0.44 vs est 0.13 ▲ beat |
| 2025-12-31 | USD 0.45 vs est 0.3 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (BE)
| Total Revenue | $3.11B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +165.50% |
| Gross Margin | +31.65% |
| Operating Margin | +17.11% |
| Profit Margin | +7.87% |
| ROE | +22.21% |
| Debt / Equity | 1.72 |
| Current Ratio | 4.09 |
| Total Cash | $2.72B |
| Total Debt | $2.82B |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Ownership (BE)
| Insider Ownership | +5.54% |
|---|---|
| Institutional Ownership | +86.75% |
| Shares Outstanding | 294.53M |
| Float | 289.22M |
| Short % of Float | +8.11% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (BE)
Bloom Energy Corporation is led by K. R. Sridhar, Co-Founder, CEO & Chairman, per Nexqual as of October 23, 2026 at 09:21 UTC.
| Co-Founder, CEO & Chairman | K. R. Sridhar |
|---|---|
| Chief Financial Officer | Simon Edwards |
| Senior VP & CTO | Ravi Prasher |
| Vice President of Investor Relations | Michael Tierney |
| Chief Marketing Officer | Natalie Sunderland |
Major Backers & Investors (BE)
Notable institutional backers of Bloom Energy Corporation include Ameriprise Financial, Inc., Goldman Sachs, JPMorgan, according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Ameriprise Financial, Inc. | 6.16% |
| Goldman Sachs | 4.74% |
| JPMorgan | 2.75% |
| Morgan Stanley | 2.48% |
| Situational Awareness LP | 2.13% |
| Value Aligned Research Advisors, LLC | 1.9% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.36% |
| BlackRock | 6.26% |
| Columbia Threadneedle | 4.03% |
| State Street | 2.14% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From Bloom Energy Corporation's Latest SEC 10-K Filing (filed 2026-02-09)
Key Strengths & Strategy (as disclosed to the SEC)
- We have developed a significant patent portfolio to protect elements of our proprietary technology.
- Our systems use high-temperature solid oxide fuel cells—a proprietary solid-state technology developed by Bloom—which leverage an electrochemical, non-combustion process and form the foundation of our platform, differentiation and competitive advantages.
- We execute this strategy cost effectively by advancing our proprietary solid-state fuel cell technology and the broader capabilities required to deploy it at scale.
- The advantages of our technology include higher efficiency, long-term stability, elimination of the need for an external fuel reformer, ability to use biogas, natural gas, or hydrogen as a fuel, low emissions, and relatively low cost.
Partnerships
- As part of this partnership, we established a prospective financing framework of up to $5.0 billion over five years for future Bloom Energy fuel cell projects that meet agreed investment and contractual criteria.
- In August 2025, we entered into a strategic partnership with Brookfield to support the long-term growth of our fuel cell business and accelerate deployment of clean energy solutions with a focus on powering AI infrastructure.
Legal & Regulatory Risks (Item 1A, quoted)
- We may become subject to product liability claims.
- Litigation or administrative proceedings could have a material adverse effect on our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| VRT | Vertiv Holdings, LLC | USD 195.59 | ▼ 7.81% |
| HUBB | Hubbell Inc | USD 445.8 | ▼ 3.25% |
| NVT | nVent Electric plc | USD 127.67 | ▼ 12.63% |
| FPS | Forgent Power Solutions, Inc. | USD 24.92 | ▼ 21.54% |
| AEIS | Advanced Energy Industries, Inc | USD 216.64 | ▼ 12.49% |
| AYI | Acuity Inc. | USD 317.23 | ▲ 0.15% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt