Bloom Energy Corporation
Description
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion. It sells its products through direct and indirect sales channels to utilities, data centers, agriculture, retail, hospitals, higher education, biotech, and manufacturing industries. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.
About
CEO
Dr. K. R. Sridhar Ph.D.
Employees
2,377
Instrument type
Common Stock
Sector
Industrials
Industry
Electrical Equipment & Parts
MIC code
XNYS
Address
4353 North First Street, San Jose, CA 95134, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| May 7, 2025 | — | — | — | — |
| Feb 13, 2025 | 0.27 | — | — | — |
| Nov 8, 2024 | 0.08 | -0.01 | -0.09 | -112.50% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 14 | — | 20 |
| Average estimate | — | -0.05 | — | 0.43 |
| Low estimate | — | -0.14 | — | 0.15 |
| High estimate | — | 0.08 | — | 0.66 |
| Last year EPS | — | -0.17 | — | 0.06 |
[stock_revenue_estimate]
Growth estimates
Current qtr
336.740%
Next qtr. (Mar 2025)
72.000%
Current year
162.870%
Next year (Dec 2025)
582.010%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.33B | 1.20B | 972.18M | 794.25M | 785.18M |
| Cost of revenue | 1.14B | 1.05B | 774.60M | 628.45M | 687.59M |
| Gross profit | 197.79M | 148.29M | 197.58M | 165.79M | 97.59M |
| Operating expense | |||||
| Research & development | 155.87M | 150.61M | 103.40M | 83.58M | 104.17M |
| Selling general and admin | 250.84M | 258.67M | 208.69M | 163.00M | 226.22M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -208.91M | -260.99M | -114.50M | -80.79M | -232.80M |
| Non operating interest income | |||||
| Income | 19.89M | 3.89M | 262,000 | 1.48M | 5.66M |
| Expense | 108.30M | 53.49M | 69.03M | 78.79M | 94.24M |
| Other income expense | -8.72M | -3.39M | -9.06M | -20.73M | -1.45M |
| Pretax income | -306.04M | -313.99M | -192.32M | -178.83M | -322.83M |
| Tax provision | 1.89M | 1.10M | 1.05M | 256,000 | 633,000 |
| Net income | -307.94M | -315.09M | -193.37M | -179.09M | -323.47M |
| Basic EPS | -1.42 | -1.62 | -0.95 | -1.14 | -2.67 |
| Diluted EPS | -1.42 | -1.62 | -0.95 | -1.14 | -2.67 |
| Basic average shares | 212.68M | 185.91M | 173.44M | 138.72M | 115.12M |
| Diluted average shares | 212.68M | 185.91M | 173.44M | 138.72M | 115.12M |
| EBITDA | -129.21M | -190.50M | -68.93M | -35.35M | -147.85M |
| Net income from continuing op. | -307.94M | -315.09M | -193.37M | -179.09M | -323.47M |
| Minority interests | 5.82M | 13.68M | 28.92M | 21.53M | 19.05M |
| Preferred stock dividends | — | — | — | — | 2.45M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.41B | 1.95B | 1.73B | 1.45B | 1.32B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 664.59M | 348.50M | 396.04M | 246.95M | 202.82M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 340.74M | 251.00M | 87.79M | 96.19M | 37.83M |
| Other receivables | 47.90M | 53.28M | 36.45M | 13.92M | 12.13M |
| Inventory | 502.52M | 268.39M | 143.37M | 142.06M | 109.61M |
| Prepaid assets | 24.36M | 18.39M | 12.85M | 5.23M | 3.76M |
| Restricted cash | 46.82M | 51.52M | 92.54M | 52.47M | 30.80M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 13.07M | 14.47M | 10.84M | 20.33M | 17.28M |
| Non current assets | |||||
| Properties | 449.50M | 665.87M | 781.46M | 705.04M | 650.60M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 215.99M | 179.74M | 140.48M | 135.53M | 130.26M |
| Construction in progress | 104.65M | 72.17M | 43.54M | 21.12M | 12.61M |
| Leases | 94.65M | 104.53M | 52.94M | 37.50M | 35.69M |
| Accumulated depreciation | -281.18M | -344.18M | -356.59M | -309.67M | -262.62M |
| Goodwill | — | — | 3.91M | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | 1.82M | 1.95M | 5.73M |
| Other non current assets | 82.62M | 154.20M | 192.10M | 187.74M | 206.18M |
| Total liabilities | 1.89B | 1.57B | 1.73B | 1.31B | 1.49B |
| Current liabilities | |||||
| Accounts payable | 132.08M | 161.77M | 72.97M | 58.33M | 55.58M |
| Accrued expenses | 75.33M | 79.71M | 55.08M | 28.96M | 24.56M |
| Short term debt | 60.29M | 60.64M | 54.52M | 141.49M | 348.58M |
| Deferred revenue | 132.30M | 169.68M | 90.45M | 114.29M | 89.19M |
| Tax payable | 17.41M | 6.17M | 1.49M | 2.73M | 3.85M |
| Pensions | 47.90M | 48.16M | 38.22M | 28.34M | 17.17M |
| Other current liabilities | 5.12M | 15.82M | 29.75M | 62.24M | 35.04M |
| Non current liabilities | |||||
| Long term debt | 1.39B | 959.98M | 1.07B | 771.88M | 745.39M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | 4.99M | 17.55M |
| Other non current liabilities | 9.05M | 9.49M | 16.77M | 8.06M | 17.54M |
| Shareholders equity | |||||
| Common stock | 21,000 | 20,000 | 18,000 | 17,000 | 12,000 |
| Retained earnings | -3.87B | -3.56B | -3.26B | -3.10B | -2.95B |
| Other shareholders equity | -1.69M | -1.25M | -350,000 | -9,000 | 19,000 |
| Total shareholders equity | 520.67M | 378.82M | -1.53M | 141.40M | -167.86M |
| Additional paid in capital | 4.37B | 3.91B | 3.22B | 3.18B | 2.69B |
| Treasury stock | — | — | — | — | — |
| Minority interest | 18.59M | 38.04M | 42.80M | 62.57M | 91.73M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | -307.94M | -315.09M | -193.37M | -179.09M | -323.47M | -291.28M | -295.03M | -336.32M |
| Depreciation | 62.61M | 61.61M | 53.45M | 52.28M | 78.58M | 53.89M | 54.38M | 43.10M |
| Deferred Taxes | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 84.48M | 112.26M | 73.27M | 73.89M | 196.29M | 168.48M | 29.10M | 28.16M |
| Other Non-Cash Items | 91.63M | 26.72M | 9.88M | 11.86M | 28.12M | 25.64M | 47.24M | 33.55M |
| Accounts Receivable | -84.53M | -181.88M | -7.84M | -56.53M | 57.47M | -50.15M | 8.70M | -212.36M |
| Accounts Payable | -29.08M | 86.50M | 13.02M | -620,000 | -11.31M | 18.31M | 7.08M | 4.81M |
| Other Assets & Liabilities | -309.21M | -122.70M | -24.96M | -30.54M | 41.57M | -25.17M | 44.80M | 144.45M |
| Operating Cash Flow | -492.03M | -332.58M | -76.54M | -128.75M | 67.26M | -100.28M | -103.73M | -294.61M |
| Investing Activities | ||||||||
| Capital Expenditures | -83.73M | -116.82M | -49.81M | -37.91M | -51.05M | -45.21M | -61.45M | -8.98M |
| Net Intangibles | — | — | — | — | — | -3.26M | — | — |
| Net Acquisitions | — | — | 3.11M | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | -103.91M | -29.04M | — |
| Sale of Investments | — | — | — | — | 104.50M | 27.00M | 2.25M | — |
| Investing Cash Flow | -83.73M | -116.82M | -46.70M | -37.91M | 53.45M | -122.12M | -88.25M | -8.98M |
| Financing Activities | ||||||||
| Long-Term Debt Issuance | 642.12M | 3.26M | 152.84M | 356.28M | 72.33M | 70.27M | 184.31M | 148.49M |
| Long-Term Debt Payments | -209.84M | -162.68M | -137.02M | -189.38M | -130.43M | -26.35M | -24.63M | -33.16M |
| Other Financing Charges | -22.32M | -29.89M | -17.10M | -14.36M | -74.93M | -20.77M | -17.21M | 163.81M |
| Financing Cash Flow | 737.87M | 211.36M | 306.38M | 176.03M | -120.31M | 317.20M | 142.91M | 283.38M |
| Other Cash Details | ||||||||
| End Cash Position | 745.18M | 518.37M | 615.11M | 416.71M | 377.39M | 280.49M | 180.61M | 217.92M |
| Income Tax Paid | 1.46M | 1.44M | 576,000 | 371,000 | 860,000 | 1.75M | 616,000 | 635,000 |
| Interest Paid | 49.93M | 48.98M | 68.74M | 71.65M | 69.85M | 59.55M | 37.63M | 20.55M |
| Free Cash Flow | -456.27M | -308.55M | -110.49M | -136.71M | 112.72M | -140.41M | -153.42M | -291.81M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund | Nov 30, 2024 | 25,825,442 | 596.83M | 11.30% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 6,067,171 | 140.21M | 2.65% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 5,576,720 | 128.88M | 2.44% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 4,850,594 | 112.10M | 2.12% |
| Columbia Funds Ser Tr II-Columbia Seligman Global Technology Fund | Oct 31, 2024 | 4,463,558 | 103.15M | 1.95% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 2,991,238 | 69.13M | 1.31% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 2,670,871 | 61.72M | 1.17% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 2,030,771 | 46.93M | 0.89% |
| Legg Mason Clearbridge Small Cap Growth Fd | Oct 31, 2024 | 1,960,062 | 45.30M | 0.86% |
| Capitol Ser Tr-Fuller & Thaler Behavioral Small Cap Growth Fd | Dec 31, 2024 | 1,879,410 | 43.43M | 0.82% |
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