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Bloom Energy (BE -11.24%) had lots of good news on Oct. 22. The fuel cell maker's third-quarter revenue grew 138% year over year to a record $1.24 billion, and management raised its 2026 forecast for the third time this year.

The stock still fell. Shares finished Oct. 22 at $217.77, down about 9% on the day, ahead of results released after the market closed. Then they dropped to roughly $203 in after-hours trading.

Even that $217.77 close is about 37% under the stock's record close of $345.85 on June 22.

Before the report, I said I'd look again if the new forecast put second-half revenue clearly over the second quarter's $1.07 billion. It did. Does that make the stock a buy?

Image source: Getty Images.

A third raiseManagement now sees 2026 revenue landing between $4.4 billion and $4.6 billion. That compares to a July range of $3.9 billion to $4.2 billion. The forecast's low end is over double the $2.02 billion Bloom took in during 2025.

Showing how fast the company has grown, Bloom's revenue was $751 million in the first three months of 2026. It then hit $1.07 billion in the second quarter and $1.24 billion in the third. With around $3.05 billion booked through September, the latest forecast implies fourth-quarter revenue between $1.35 billion and $1.55 billion. Profits, of course, are growing even faster. Bloom's non-GAAP (adjusted) operating margin rose to 23.1% of revenue, up from 8.9% a year ago, and adjusted earnings per share climbed more than sixfold to $0.94.

The full-year profit forecast went up, too. Management now sees $3.10 to $3.40 in adjusted earnings per share, up from $2.55 to $2.85 in July.

Growth, though, is set to slow. Fourth-quarter revenue in this range would be up around 73% to 99% from the $778 million Bloom posted a year earlier. Growth like that is still strong. But it's under the 130%, 166%, and 138% growth rates for 2026's first three quarters. Some of that's a harder comparison, because Bloom's revenue climbed around 50% from the third quarter of 2025 to the fourth.

Management said the timing of a few deliveries near year-end will decide where in the range Bloom lands. For the artificial intelligence data centers it supplies, CEO KR Sridhar added that customers bring capacity online block by block, so the pace is up to them. Management also said its backlog is still growing faster than revenue, but it didn't share a new number.

Cash didn't keep upThe weak point in the report was cash. Bloom's operations used $27 million in the third quarter, a sharp swing from the $226 million they generated in the second quarter.

And with capital expenditures up to $153 million, free cash flow (operating cash flow minus capital spending) was negative $181 million.

The largest drain was a balance sheet line called contract assets, which is revenue Bloom has booked but can't bill yet. Current contract assets were $179 million as 2025 ended. They hit $243 million by March and $365 million by June, then $793 million at the end of September. Put simply, they more than doubled in one quarter.

"Billing follows contract milestones and can occur in a different quarter," CFO Simon Edwards said during the third-quarter earnings call.

The explanation sounds reasonable to me. After all, Bloom's operations have still generated around $273 million in cash so far this year, and the business finished September with $2.5 billion in cash. But for now, Bloom is recording revenue a lot faster than it's collecting cash.

$193.30-$24.47 (-11.24%)

NYSE · As of 4:00 PM ET 10/23/26

The price tag has dropped a lotAt the $217.77 close, Bloom trades at around 67 times earnings, using the midpoint of management's latest adjusted forecast for 2026.

At the Oct. 20 close of $222.65, before the results, the stock cost around 82 times earnings on the old forecast. And at the June record, against April's forecast, it was roughly 170 times earnings. Using next year's expected earnings, shares now sell for around 44 times earnings.

Sure, 67 times earnings is still pricey. It assumes Bloom keeps growing fast well past this year. But management's adjusted earnings forecast for 2026 has more than doubled since February, and the stock now costs far less relative to the forecast than it did in June.

Is Bloom stock a buy after its third raise of the year?

I think it's worth considering here, maybe buying bit by bit. A stock that can lose 7% after hours on a record quarter can swing hard both ways. And I'd like to see the contract assets turn into cash before buying more aggressively.

Bloom Energy Today

BE

Bloom Energy

$192.52 -25.25 (-11.59%)

As of 10/23/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$75.70▼

$351.28118.11

$258.36

Bloom Energy’s NYSE: BE Q3 earnings report shows strong growth despite uncertainty surrounding Oracle’s NASDAQ: ORCL force majeure notice. While a headwind, it is offset by numerous tailwinds, and investors must not get this wrong: Bloom's broader growth outlook does not depend solely on Oracle's Project Jupiter, although any significant delay or cancellation would still carry risks.

The project represents roughly 2.4 GW, or about 10% of the 25 GW of potential deployments Bloom has identified, rather than its contracted backlog, which is growing and diversifying across industrial applications. Bloom has other clients to sell to.

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Oracle’s lean into Bloom Energy fuel cells did what it needed to do for the business: validate them and put them in the spotlight. reported visibility into about 25 GW of potential deployments in Q2, underpinned by a growing number of clients. The critical detail is that Bloom's fuel cells, while not mobile, are modular, portable, easy to install, and production capacity is highly divertible. Oracle’s headwind could become a tailwind for another project, which may now receive its cells sooner than expected.

And the status of Oracle’s Jupiter New Mexico project? The pipeline intended to supply the center is now expected to enter service in February 2027, nearly six months later than originally planned. Oracle and Bloom have since confirmed the deal remains in place, but risks remain. The hang-ups include land and air quality, with New Mexico regulators pushing back against pipeline routes and environmental impact. As it stands, the issues are under review, but the project faces numerous legal challenges, not just those impeding the gas and power. The biggest risk is to Oracle, which took on billions in debt to fund its AI ambitions. While Jupiter is not directly tied to the debt increase, monetizing the asset is critical to its outlook.

Bloom Energy's Q3 Revenue Surges as Guidance Climbs AgainBloom Energy had a very strong quarter, reporting $1.24 billion in net revenue, up 138.1% year over year (YOY) and nearly 16% above expectations. Product sales drove the strength, up 179.4%, with strength in the services and other segments. More importantly, volume leverage is clear in margins: gross margin expanded by more than 400 basis points, adjusted operating margin more than doubled from 8.9% to over 20%, and adjusted earnings per share rose to 94 cents, up 79 cents and 25 cents above forecast.

The catalyst, however, is the guidance. Quarterly strengths and production trends led management to raise guidance for the third consecutive quarter. Revenue is now expected to be $4.5 billion at the midpoint this year, a 122% increase from last year, about 9% above the consensus target, with an equally strong earnings forecast. Earnings are expected to be $3.25 per share at the midpoint, more than four times the 2025 adjusted result, a forecast that could be exceeded.

One reason future results may exceed expectations is a new deal with American Electric Power Company NASDAQ: AEP. Headquartered in Ohio, it serves 11 states, but the new 702-megawatt project is planned near Cheyenne, Wyoming, to serve Google, a subsidiary of Alphabet NASDAQ: GOOGL. The Bloom Energy deal combines its natural gas-fueled, noncombustion fuel cells with planned carbon capture to provide near-zero-emission power for Google data centers. While not immediately accretive, it reflects broader acceptance of Bloom Energy's technology and its growing importance in the distributed, colocated, lower-emissions energy ecosystem.

Wall Street Sees Upside, But Bloom Energy's Risks RemainAnalyst trends have been bullish all year, with coverage rising, sentiment firming, and price targets rising; post-earnings price-target changes have been mixed. Analysts maintain a consensus Moderate Buy rating on Bloom Energy, with price targets suggesting about 20% upside on average and more than 60% at the high end, despite the stock's recent decline.

Bloom Energy Stock Forecast Today12-Month Stock Price Forecast:
$258.36
34.20% Upside

Moderate Buy
Based on 27 Analyst Ratings

Current Price$192.52High Forecast$351.00Average Forecast$258.36Low Forecast$39.00Bloom Energy Stock Forecast Details

The takeaway is that forces beyond the analysts are also in play, including the recent S&P 500 Index addition. It triggered an accumulation wave within an already-correcting market. Up about 2,000% over two years at its high, the market was already pricing in future strength and needed a correction. The narrative today is that the company is still outperforming, still driving a bullish outlook, and setting up for another upswing in its share price. The catalysts are numerous, but the most powerful is advancing the Jupiter project or capturing a deal to offset it.

The biggest risk to investors is dilution (also a factor in stock price action). The company’s capacity ramp costs money and is being funded, at least in part, with share sales. The bad news is that outstanding shares increased by about 5.5% from year-end 2025 through Q3 2026, but there is an upside. Balance sheet highlights reflect a robustly growing, solvent business, with execution as its biggest challenge. Balance sheet details include a flat cash position, increased receivables, contract assets that grew 4x, and higher inventory, outpacing liability gains and leaving equity up 2.5x. The likely outcome is that Bloom Energy’s backlog continues to grow, it converts contracts into capital, and it fuels its flywheel, which is building momentum.

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$193.30-$24.47 (-11.24%)

NYSE · As of 4:00 PM ET 10/23/26

Bloom Energy (BE -11.24%), a solid-oxide fuel cell systems provider, closed at $193.30, down 11.24%. Investors are locking in profits as the company reports negative operating cash flow and faces heavier expansion spending after an earnings beat-and-raise.
Trading volume reached 34.7 million shares, coming in about 117% above its three-month average of 15.9 million shares. Bloom Energy IPO'd in 2018 and has grown 672% since going public.

How the markets moved todayThe S&P 500 (^GSPC -0.52%) closed at 7,623, down 0.53%, while the Nasdaq Composite (^IXIC -0.21%) closed at 25,955, down 0.21%. Among stationary fuel cells and distributed onsite power systems for commercial and data center customers, Plug Power closed unchanged at $1.38, and FuelCell Energy closed at $11.11, down 4.06%.

What this means for investorsBloom Energy's solid-oxide fuel cell systems are an ideal solution for data center power needs. That helps explain why revenue soared 138% year over year in the third quarter. Investors were anticipating the growth, though, and some investors have decided to cash out after shares have soared more than 122% this year, even considering today's drop.

Bloom again raised its full-year revenue guidance, but investors focused on cash generation and capital spending needs. Demand is strong, and Bloom is growing production capacity.

The company reported negative free cash flow of $181 million for the quarter, spooking some investors into selling shares. The stock is now 44% off its recent high, giving investors a more reasonable valuation for those who believe the data center build-out has a long way to go.

Howard Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bloom Energy. The Motley Fool has a disclosure policy.

Key Takeaways BE's Q3 earnings beat estimates by 35.71%, while revenues jumped 138.1% to $1.236 billion.Product revenues surged 179.4% to $1.074 billion, fueled by strong demand for onsite power systems.BE raised its 2026 revenue outlook to $4.4-$4.6 billion and earnings guidance to $3.10-$3.40 per share.
Bloom Energy Corporation (BE - Free Report) reported third-quarter 2026 operating earnings of 76 cents per share, beating the Zacks Consensus Estimate of 56 cents by 35.71%.

The company separately reported non-GAAP earnings of 94 cents per share compared with 15 cents in the year-ago quarter.

Total RevenuesRevenues surged 138.1% year over year to $1.236 billion, surpassing the Zacks Consensus Estimate of $1.071 billion by 15.41%. Strong product demand drove growth, with product revenues crossing $1 billion for the first time. Improved margins and higher operating income supported the company's decision to raise its full-year outlook.

Product revenues climbed 179.4% to $1.074 billion from $384.3 million in the year-ago quarter. The business contributed approximately 87% of total revenues, reflecting increased deliveries of onsite power systems.

Installation revenues increased 29% to $84.9 million from $65.8 million. Service revenues rose 15.3% to $67.6 million from $58.6 million, while Electricity revenues declined 5.2% to $9.8 million from $10.4 million.

BE's Product Business Drives Record GrowthProduct gross margin improved to 38.4%, expanding 250 basis points year over year and 120 basis points sequentially. Strong pricing and manufacturing cost reductions supported the improvement despite expenses associated with expanding production lines and accelerating customer deliveries.

Management highlighted growing demand for onsite electricity from artificial intelligence data centers, commercial facilities and critical infrastructure. Bloom Energy's customer backlog continued to expand faster than revenues, supported by increasing diversity across customers, industries and geographies.

Bloom Energy Expands Margins SharplyGross profit increased to $417.1 million from $151.7 million in the year-ago period. Non-GAAP gross margin improved to 34.5% from 30.4%. Service gross margin reached 21.4%, increasing 700 basis points year over year, marking the second consecutive quarter above 20%.

Highlights of BE's Q3 ReleaseOperating expenses increased 33.3% to $191.7 million from $143.8 million. Research and development expenses rose 31.7% to $64.1 million, while sales and marketing expenses increased 24.8% to $52.4 million. General and administrative expenses climbed 41.4% to $75.1 million.

Non-GAAP operating income surged to $285.7 million from $46.2 million, while the corresponding margin expanded to 23.1% from 8.9%.

Bloom Energy Sees Expanding Market OpportunitiesManagement highlighted five commercial developments supporting its growth strategy. These included a conditional U.S. Army award involving partner Indelible and a 700-megawatt carbon capture-enabled project involving AEP and Google.

Bloom Energy also reported its first shipments to Texas, expanding utility relationships and growing international interest in onsite power systems. Management expects utility-related projects, including systems deployed on distribution networks, to become an important source of future business.

BE Delivers Higher ProfitabilityNet income attributable to common stockholders reached $250.3 million in contrast to a loss of $23.1 million in the third quarter of 2025. Adjusted EBITDA climbed to $299.5 million from $59 million, reflecting substantially stronger operating performance.

The company continued investing in manufacturing capacity to support customer demand. Management emphasized that higher production volumes, improved utilization and ongoing cost-reduction initiatives could support its long-term margin structure.

Bloom Energy's Cash Flow and Balance SheetCash flow from operating activities was negative $27 million during the quarter. Increased inventories, contract assets and receivables absorbed cash as the company supported higher delivery volumes and future customer requirements.

Capital expenditures totaled $153 million, resulting in negative free cash flow of $181 million. As of Sept. 30, 2026, cash and cash equivalents stood at $2.49 billion, while total stockholders' equity reached $1.96 billion.

BE Raises 2026 Financial OutlookBloom Energy raised its 2026 revenue guidance to $4.4-$4.6 billion from the previous range of $3.9-$4.2 billion. The revised midpoint represents approximately 122% year-over-year growth, supported by strong third-quarter performance and improved visibility into customer deliveries. The Zacks Consensus Estimate for 2026 revenues is currently pegged at $4.14 billion.

Management maintained its non-GAAP gross margin forecast at approximately 34%. The company increased its non-GAAP operating income guidance in the range of $960 million to $1.03 billion from the previous band of $800-$900 million. Non-GAAP earnings guidance was also raised to $3.10-$3.40 per share from the previous projection of $2.55-$2.85.

Bloom Energy’s Zacks RankBloom Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Upcoming ReleasesPlug Power (PLUG - Free Report) is expected to release third-quarter earnings on Nov. 9, 2026. The Zacks Consensus Estimate for the quarter is pegged at a loss of 7 cents per share, which indicates a year-over-year improvement of 41.7%.

FuelCell Energy (FCEL - Free Report) is expected to release fiscal fourth-quarter earnings on Dec.17, 2026. The Zacks Consensus Estimate for the quarter is pegged at a loss of 28 cents per share, which implies year-over-year growth of 66.3%.

Gevo (GEVO - Free Report) is expected to release third-quarter earnings on Nov. 9, 2026. The Zacks Consensus Estimate earnings per share for the quarter is pegged at 4 cents, which indicates a year-over-year increase of 233.3%.

Bloom Energy topped analysts' expectations for the top and bottom line in the third quarter, and the fuel-cell systems provider lifted its full-year revenue guidance. But investors are selling the stock in droves.

Bloom Energy shares BE traded lower in trading on Friday despite the fuel-cell maker reporting third-quarter earnings and revenue well above Wall Street expectations, as investors weighed its aggressive spending on manufacturing expansion against concerns about cash flow. The stock was down 9% during trading.

Bloom Energy Corporation (BE) Q3 2026 Earnings Call Transcript

Kinder Morgan's $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings BeatBloom Energy NYSE: BE reported record third-quarter results and raised its full-year outlook, citing accelerating demand for on-site power from data centers, commercial and industrial customers, utilities and critical infrastructure.

Revenue for the third quarter of 2026 reached $1.24 billion, up 138% from a year earlier and 16% sequentially, according to Chief Financial Officer Simon Edwards. Non-GAAP operating income was $286 million, an increase of more than 500% year over year, while non-GAAP diluted earnings per share rose to $0.94 from $0.15 in the prior-year period. GAAP diluted EPS was $0.78, compared with a loss of $0.10 a year earlier.

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These 3 Green Stocks Have a Growth Story That Goes Far Beyond WashingtonEdwards said third-quarter operating margin expanded to 23.1% from 8.9% a year earlier as revenue growth outpaced a 26% increase in operating expenses. Adjusted EBITDA was $299 million, or 24% of revenue.

Revenue Mix and Margin Expansion Product revenue totaled $1.07 billion, up 179% year over year and representing 87% of total revenue. Edwards said product revenue, which is recognized when systems are delivered and accepted by customers, surpassed $1 billion in a quarter for the first time.

3 More AI Infrastructure Plays Beyond the Big NamesService revenue increased 15% to $67.6 million, while installation revenue rose 29% to $84.9 million. The company said installation revenue can fluctuate based on project timing and the mix of customer work because it is recognized over time.

Product gross margin was 38.4%, up 250 basis points year over year. Service margin was 21.4%, up 700 basis points year over year. Total gross margin was 34.5%, up 412 basis points year over year. Edwards attributed product-margin improvement to pricing strength and cost reductions, even as Bloom ramped production lines and expedited deliveries. He said the company expects additional benefits from scale as production capacity and utilization increase, although near-term expansion carries startup and delivery-related costs.

Higher 2026 Outlook Bloom raised its full-year revenue outlook to a range of $4.4 billion to $4.6 billion, representing approximately 122% year-over-year growth at the midpoint. The company also increased its non-GAAP operating-income outlook to $960 million to $1.03 billion and projected non-GAAP diluted EPS of $3.10 to $3.40.

The company maintained its full-year non-GAAP gross-margin outlook of about 34%, compared with 30% in 2025 and its original 2026 outlook of approximately 32%. Edwards said the revenue guidance increase reflects third-quarter performance and improved visibility into fourth-quarter delivery timing. He noted that the timing of a small number of year-end deliveries will determine where results fall within the guidance range.

Year-to-date revenue was $3.05 billion, already 50% above the revenue Bloom generated during all of 2025, Edwards said. He added that third-quarter operating income alone exceeded operating income for the full prior year.

Cash, Capacity and Customer Deliveries Cash flow from operations was a use of $27 million in the quarter, primarily reflecting working-capital investment in inventory, contract assets and receivables to support growth. Capital expenditures were $153 million in the quarter and $231 million year to date, focused mainly on machinery and production capacity at the company’s Fremont and Newark facilities.

Free cash flow was negative $181 million in the quarter but positive $42 million year to date. Bloom ended the quarter with $2.5 billion in cash. Edwards said the company views itself as a self-funding business and expects working-capital investments to support continued expansion, while emphasizing that contract assets and receivables should convert as billing milestones are reached and customers pay.

Chief Executive Officer KR Sridhar said Bloom is expanding its real-estate footprint in Fremont in preparation for demand beyond its previously discussed 5-gigawatt manufacturing milestone. However, he said the company would increase capacity gradually in response to demand rather than in a single large expansion and did not provide a timeline for additional capacity.

Data Centers, Utilities and Carbon Capture Sridhar said hyperscale data-center customers are adopting on-site generation because of the speed, scale and reliability requirements of artificial intelligence infrastructure. He said Bloom delivered power to Oracle’s Utah site in less than two months after announcing the project and said the company has equipment ready for the first block of Nebius’ New Jersey data center as that facility is prepared for operation.

The CEO said the company’s backlog is expanding faster than revenue and is becoming more diversified across customers, industries and geographies. He also highlighted commercial opportunities in utility deployments, military and civilian critical infrastructure, commercial and industrial applications, and international markets.

Among developments discussed on the call, Sridhar pointed to an announcement by AEP that 700 megawatts of carbon capture and sequestration-enabled Bloom Energy Servers would provide Google with near-net-zero electricity. He said Bloom’s fuel-cell technology can provide a concentrated carbon-dioxide stream that makes carbon capture more viable than combustion-based generation technologies.

Sridhar said Bloom is seeing significant interest from hyperscale customers in carbon-capture-ready systems and believes customers could accept a roughly 10% to 15% premium for zero-carbon power. He also cited potential opportunities in combined heat and power systems and 800-volt direct-current power architectures for data centers.

Bloom was added to the S&P 500 during the quarter. Edwards said the inclusion reflected the company’s increased scale, profitability and consistency, while broadening its shareholder base.

About Bloom Energy (NYSE:BE)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Bloom Energy Right Now?Before you consider Bloom Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bloom Energy wasn't on the list.

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The company now expects full-year adjusted earnings of between $3.10 and $3.40 a share after reporting a profit of $250.3 million, driven by demand for the company's on-site power solutions.

Modern AI server racks require significantly higher power density, and data centers in general require far more power than their traditional counterparts. Hyperscaler data center campuses require hundreds of megawatts (MWs), and some exceed a gigawatt (GW), including those of Meta Platforms and Microsoft.

Technology companies face a massive bottleneck: clean, reliable power. In recent years, power equipment providers have seen an unprecedented surge in demand. Bloom Energy (BE -4.66%), which manufactures solid-oxide fuel cells, is one company whose business is booming.

Meanwhile, utility companies that can provide energy today and have potential for further expansion are also seeing business pick up. Constellation Energy (CEG -3.37%), which owns and operates the largest nuclear energy fleet in the U.S., is a merchant power producer whose stock surged coming into this year.

With AI power demand projected to keep growing, Bloom Energy and Constellation Energy are two stocks that should benefit. But which one is a better investment today? Let's dive into the businesses to find out.

Image source: The Motley Fool.

Bloom Energy is seeing staggering demand for its power equipment
In the energy sector, many power equipment manufacturers are seeing incredibly strong demand. That's because surplus grid capacity is largely spoken for, and connecting AI data centers to the grid through traditional utility transmission upgrades can take up to seven years. For this reason, hyperscalers are prioritizing behind-the-meter, on-site power solutions.

Major hyperscalers, neoclouds, AI labs, and co-location operators have validated Bloom Energy's solid-oxide fuel cells, which can run on natural gas, biogas, hydrogen, or other fuel blends. What sets it apart is how quickly it can power facilities. Bloom's fuel cells can be delivered, installed, and ready to power data centers in months, not years -- a massive advantage for technology companies looking to get their data centers running soon.

$227.41-$11.12 (-4.66%)

NYSE · As of 9:56 AM ET 10/22/26

Bloom's technology is the primary power source for Oracle's Project Jupiter campus, a massive multibillion-dollar data center in New Mexico that spans 700 acres. Oracle was one of its first AI-focused customers to validate the technology, and its campus will use 7,000 of Bloom's solid oxide fuel cells. Bloom is also partnering with Brookfield Asset Management, which earlier this year expanded its financing framework from $5 billion to $25 billion.

In the second quarter, Bloom's revenue hit a record $1 billion, up 166% year over year and marking the company's first billion-dollar quarter. It raised its earnings guidance to a range of $3.9 billion to $4.2 billion, representing a doubling of revenue, while gross margins and profitability improved.

Constellation Energy is locking in long-term power deals with hyperscalers
While Bloom Energy has emerged as a leading power equipment provider for data centers, Constellation Energy is a leading merchant power provider that consistently makes headlines for its hyperscale data center deals.

On Oct. 6, Constellation entered into a 20-year power purchase agreement (PPA) with Alphabet's Google, which will help it bring an additional 890 megawatts (MW) of new nuclear energy capacity to the PJM Interconnection grid covering some 13 states. In addition, Constellation has PPAs with Amazon, Microsoft, and Walmart, all of which partnered with Constellation because of its large nuclear fleet.

CEG Constellation Energy$261.61-$9.13 (-3.37%)

NASDAQ · As of 9:54 AM ET 10/22/26

Constellation operates as an independent power producer, meaning it owns and operates power plants and sells electricity into the open market or through large long-term PPAs. Unlike regulated utilities, Constellation doesn't own transmission or distribution lines. Government regulators don't set its rates, so it benefits when power prices rise.

Bloom Energy vs. Constellation Energy: Which stock is a better fit for you?
Bloom Energy and Constellation Energy have surged, with Bloom up a staggering 1,427% and Constellation up 128% since the start of 2024. However, both stocks have been highly volatile given their close ties to the AI build-out narrative, and both are down 35% from their 52-week highs.

Analysts covering Bloom Energy project earnings per share could grow 85% from this year's expected EPS and another 64% by 2028. Analysts project Constellation's earnings to grow about 10% next year and another 26% by 2028.

Bloom investors are pricing in more growth, with the stock trading at about 45 times next year's projected EPS. In comparison, Constellation Energy is valued at around 19 times next year's projected EPS.

Investors seeking aggressive growth and who believe Bloom can scale to meet growing demand should invest in Bloom Energy. However, if you're seeking exposure to the AI power boom and prefer a more stable investment in a company with vast power resources that also pays a dividend, Constellation Energy is the stock for you.

Courtney Carlsen has positions in Alphabet, Bloom Energy, Constellation Energy, Meta Platforms, Microsoft, and Oracle. The Motley Fool has positions in and recommends Alphabet, Amazon, Bloom Energy, Brookfield Asset Management, Constellation Energy, Meta Platforms, Microsoft, Oracle, and Walmart. The Motley Fool has a disclosure policy.

Bloom Energy Corporation (NYSE:BE) stock is up 176% year-to-date, but has fallen in recent weeks. The company looks to rebound and head for new highs after sharing third-quarter financial results Thursday after market close.

Bloom Energy shares BE rose over 6% on Wednesday after SpaceX CEO Elon Musk said power generation and cooling infrastructure, rather than semiconductor availability, were emerging as the main constraints on the expansion of artificial intelligence computing capacity. "I think people are starting to realize the constraint on deployment of superintelligence is more in power and cooling and infrastructure than it is in chips," Musk said on the SpaceX earnings call.

Oracle (ORCL +1.20%) and Bloom Energy (BE -1.58%) are both integral parts of Project Jupiter, a massive data center that is being built by a unit of Blue Owl Capital (OWL +2.68%). The project isn't going as well as planned, prompting Oracle to cite "force majeure" to protect itself in case Project Jupiter isn't completed. Oracle investors should be far more worried about Project Jupiter than Bloom Energy Investors. Here's why that likely makes Bloom Energy a more attractive investment for those looking to lean into the artificial intelligence build-out.

What is Project Jupiter?
Oracle is building data centers at a rapid clip. Project Jupiter is one of the data centers on its construction list. Located in New Mexico, the data center's campus is expected to be larger than Central Park in New York City. The data center is expected to be part of OpenAI's Stargate Project, which will include multiple data centers supporting artificial intelligence (AI). Bloom Energy is involved because it is expected to provide hydrogen fuel cells to power the Jupiter Project once it is complete.

Image source: Getty Images.

Oracle has cited "force majeure" because the Jupiter Project has faced material pushback from local residents and has been hampered by delays. For example, a key natural gas pipeline expected to supply fuel to Bloom Energy fuel cells has been delayed. Oracle isn't walking away from the project; it is simply trying to protect itself if the project gets scrapped. It isn't clear if this tactic will actually help in a worst-case scenario, but this is an appropriate legal step for the company to take, just in case.

Oracle has more to lose than Bloom Energy
Bloom Energy's hydrogen fuel cells are a relatively small part of the overall project. And while it would be unfortunate if the company doesn't sell the fuel cells earmarked for Project Jupiter to the project, it will likely be able to sell them to another company relatively easily. In fact, Bloom Energy reported that its product backlog grew by 140% year over year to $6 billion as it entered 2026. The company reports its backlog only once a year, but it is likely to have increased further as 2026 has progressed.

$222.65-$3.57 (-1.58%)

NYSE · As of 4:00 PM ET 10/20/26

The benefit of Bloom Energy's fuel cells is material, as they allow data centers to generate their own power. That means a data center doesn't need to be connected to the grid, and thus new data centers don't have to wait for a grid connection. In addition, a data center that provides its own power doesn't have to contend with the fear that it will increase electricity costs for local customers. Project Jupiter is a big deal for Bloom Energy, but it is just one of many opportunities the company has to sell its fuel cells.

ORCL Oracle$131.14+$1.55 (+1.20%)

NYSE · As of 4:00 PM ET 10/20/26

Oracle, on the other hand, is building a massive data center. It is a one-of-a-kind item that can't easily be replaced with another project. If Project Jupiter falls through, a big piece of Oracle's AI growth plan will have fallen flat. That brings into question the company's long-term outlook. While Project Jupiter hasn't been canceled, Oracle clearly has more at stake than Bloom Energy if it is.

Bloom Energy has more flexibility
At the end of the day, Oracle is taking on a big risk by attempting to build a big AI data center. Bloom Energy is just providing some picks-and-shovels parts that will help bring that project to fruition. And since Bloom Energy can easily sell the fuel cells intended for Project Jupiter to other customers, it is likely better positioned to handle the hit if Project Jupiter isn't built. Oracle, meanwhile, will likely end up with a material write-off, even if its "force majeure" helps to protect it.

That said, both Oracle and Bloom Energy are high-risk investments that only aggressive growth investors should consider. But if you are concerned about Project Jupiter, Bloom Energy is probably the better investment choice right now.

Bloom Energy Corp. (NYSE:BE) shares are drifting lower Tuesday. Traders position ahead of the fuel cell maker's third-quarter results, which land after the market closes Thursday.

In its upcoming report, Bloom Energy (BE - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.71 per share, reflecting an increase of 373.3% compared to the same period last year. Revenues are forecasted to be $1.07 billion, representing a year-over-year increase of 106.3%.

Over the last 30 days, there has been a downward revision of 3.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

In light of this perspective, let's dive into the average estimates of certain Bloom Energy metrics that are commonly tracked and forecasted by Wall Street analysts.

It is projected by analysts that the 'Revenue- Installation' will reach $67.44 million. The estimate points to a change of +2.5% from the year-ago quarter.

The average prediction of analysts places 'Revenue- Service' at $77.68 million. The estimate indicates a year-over-year change of +32.5%.

Analysts' assessment points toward 'Revenue- Electricity' reaching $13.45 million. The estimate indicates a change of +29.9% from the prior-year quarter.

Analysts forecast 'Revenue- Product' to reach $900.01 million. The estimate suggests a change of +134.2% year over year.

Based on the collective assessment of analysts, 'Gross profit (loss)- Product' should arrive at $360.65 million. Compared to the present estimate, the company reported $134.52 million in the same quarter last year.

Analysts predict that the 'Gross profit (loss)- Electricity' will reach $3.72 million. The estimate is in contrast to the year-ago figure of $4.53 million.

Analysts expect 'Gross profit (loss)- Service' to come in at $10.01 million. The estimate is in contrast to the year-ago figure of $6.77 million.

According to the collective judgment of analysts, 'Gross profit (loss)- Installation' should come in at -$22.80 million. Compared to the current estimate, the company reported $5.85 million in the same quarter of the previous year.

View all Key Company Metrics for Bloom Energy here>>>

Over the past month, shares of Bloom Energy have returned -17.1% versus the Zacks S&P 500 composite's +0.7% change. Currently, BE carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

While many fuel cell investors are still waiting for their investments to flourish, Bloom Energy (BE +3.51%) shareholders have enjoyed an impressive performance of late. Since the start of 2026, Bloom Energy shares have soared more than 166%.

But it's foolish to assume that simply because Bloom Energy shares have rocketed higher, the stock is a screaming buy. Let's take a closer look at both the good and the bad ahead of the company's reporting of its third-quarter 2026 financial results on Oct. 22.

Image source: Getty Images.

Generating steady free cash flow distinguishes Bloom from fuel cell peers
When evaluating the fundamentals of companies, investors can sometimes struggle to find any semblance of financial well-being. But that's hardly the case with Bloom Energy.

BE Revenue (Annual) data by YCharts.

From growing both revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) to maintaining a strong balance sheet (Bloom's net debt-to-EBITDA ratio was a conservative 0.35 at the end of Q2 2026), there are numerous indications of the company's impressive financial health. It's what's found on the cash-flow statement, however, that stands out as a bright, green flag.

Generating $175 million in free cash flow for Q2 2026, Bloom Energy has repeatedly produced free cash flow on a trailing-12-month basis for more than a year, proving that its ability to generate organic cash is more than a flash in the pan.

BE Free Cash Flow data by YCharts.

Plus, Bloom Energy's consistent free-cash-flow generation is uncommon among hydrogen-focused companies like Plug Power and FuelCell Energy, which have resorted to raising capital through substantial equity and debt issuances to keep the lights on.

Bloom stock's price tag may have some seeing red
In stellar financial health and with a significant market opportunity (Fortune Business Insights projects the fuel cell industry will grow from $16.8 billion in 2026 to $139 billion in 2034), Bloom Energy is certainly an alluring growth stock. The strong fundamentals, however, come at a cost.

Bloom Energy shares are currently changing hands at 347 times trailing earnings. As if its price-to-earnings (P/E) ratio wasn't steep enough, consider the steep cash-flow multiple: Bloom shares are priced at 109 times operating cash flow.

Because Bloom hasn't consistently generated earnings and positive operating cash flow for several years, it's impossible to compare the stock's current valuation to historical earnings-and cash-flow-based valuations. With respect to sales, though, investors can gain some insight. Trading at a notable premium to its five-year average sales multiple of 3.3, Bloom Energy's stock is changing hands today at 24.3 times trailing sales.

While the stock's valuation will surely deter value investors, those who don't typically prioritize bargain-bin stocks may also find the fuel cell stock's price tag prohibitive.

Should investors power their portfolios with Bloom Energy?
Since its initial public offering (IPO) in 2018, Bloom Energy has ascended into rarified air for hydrogen stocks, demonstrating both robust revenue and earnings growth, though the company's free-cash-flow production that is one of the most alluring qualities right now.

Although Bloom stock is pricey, it's not so pricey that those with multi-year investing horizons should look elsewhere to scratch their itch for quality growth stocks.

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Ahead of the Florida–South Carolina college football match-up, Bloom recognized Gainesville first responders who help keep the community safe

SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) recognized Gainesville firefighters this week for work that begins long before an emergency call comes in.

Ahead of the Florida-South Carolina game, Bloom visited Gainesville Fire Rescue Station 1 and presented a $10,000 donation to Gainesville Professional Firefighters. The organization supports the firefighters and families behind Gainesville’s emergency response.

The visit was part of Bloom’s season-long partnership with ESPN Radio’s College Campus Tour, which is bringing Bloom to college towns across the country. In Gainesville, the focus was on a responsibility Bloom and the fire service share: preparing every day for the moments when reliability matters most.

“Preparedness is what makes the difference when a community needs it most,” said Natalie Sunderland, Chief Marketing Officer at Bloom Energy. “Gainesville’s firefighters put in the work long before an emergency, training rigorously, preparing for the unexpected and carrying the responsibility of protecting their community. That commitment to readiness reflects a value we share at Bloom, and we are proud to support the people who demonstrate it every day.”

Gainesville Professional Firefighters is affiliated with the International Association of Fire Fighters, which represents more than 360,000 members across the United States and Canada.

"Our department responds to approximately 32,000 calls each year, serving and protecting our community around the clock," said Shawn Hillhouse, Fire Chief of the City of Gainesville. "A donation like this means so much to our station and the community we proudly serve. It helps support our firefighters, strengthen our ability to respond, and ensure we can continue providing the highest level of service to those who depend on us."

Bloom will also be on the University of Florida campus Saturday during the pregame tailgate where fans can take part in an interactive game and learn more about the company’s work powering essential services in communities nationwide.

Upcoming Confirmed 2026 Tour Stops

October 10 – Gainesville, Florida | South Carolina at Florida October 17 – Austin, Texas | Florida at Texas November 7 – Oxford, Mississippi | Georgia at Ole Miss November 14 – Baton Rouge, Louisiana | Texas at LSU November 21 – Lincoln, Nebraska | Ohio State at Nebraska November 28 – Nashville, Tennessee | Tennessee at Vanderbilt About Bloom Energy

Bloom Energy empowers enterprises to meet soaring energy demands and responsibly take charge of their power needs. The company’s fuel cell systems provide ultra-reliable, clean and highly scalable onsite electricity for Fortune 500 customers around the world, including data centers, semiconductor manufacturing, large utilities and other commercial and industrial sectors, as well as mission-critical organizations in local communities, such as hospitals, college campuses and retailers. Headquartered in Silicon Valley, Bloom Energy employs more than 2,000 people worldwide and manufactures its systems in the United States. For more information, visit BloomEnergy.com.

Forward-Looking Statements

This press release contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, the impact of the contribution to the Gainesville Professional Firefighters. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, but not limited to, risks and uncertainties detailed in Bloom’s SEC filings. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 9, 2026, its Quarterly Reports on Form 10-Q for the quarter ended March 31, 2026 and June 30, 2026, filed with the SEC on April 29, 2026 and July 28, 2026, respectively, as well as subsequent reports filed with or furnished to the SEC. Bloom assumes no obligation to, and does not intend to, update any such forward-looking statements.

More News From Bloom Energy

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Bloom Energy provides on-site fuel cell technology that serves high-growth industries like artificial intelligence and data centers. Constellation Energy is the largest producer of carbon-free nuclear power in the United States with a massive utility-scale footprint.

First Citizens Bank & Trust Co. grew its holdings in shares of Bloom Energy Corporation (NYSE:BE – Free Report) by 477.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,587 shares of the company’s stock after acquiring an additional 3,792 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Bloom Energy were worth $1,271,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. grew its holdings in shares of Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after purchasing an additional 37 shares in the last quarter. Compound Planning Inc. raised its stake in Bloom Energy by 1.1% in the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after purchasing an additional 38 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Bloom Energy by 13.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock valued at $98,000 after purchasing an additional 43 shares during the last quarter. Carolina Wealth Advisors LLC lifted its position in Bloom Energy by 51.7% during the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after purchasing an additional 46 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Down 1.1% NYSE BE opened at $236.74 on Friday. The business’s 50-day moving average is $249.27 and its 200 day moving average is $246.27. Bloom Energy Corporation has a 1 year low of $75.70 and a 1 year high of $351.28. The stock has a market capitalization of $69.73 billion, a PE ratio of 209.95, a PEG ratio of 3.08 and a beta of 3.77. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41.

Bloom Energy (NYSE:BE – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.39. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm’s revenue for the quarter was up 165.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Sell-side analysts forecast that Bloom Energy Corporation will post 2.04 earnings per share for the current year. Key Stories Impacting Bloom Energy Here are the key news stories impacting Bloom Energy this week:

Positive Sentiment: Oracle-related demand remains a major catalyst. Oracle reportedly reaffirmed Bloom Energy’s role as the primary power source for its large AI campus, supporting the company’s positioning as a supplier of reliable electricity for data centers. Bloom Energy Got Good News From Oracle and Fell Anyway Positive Sentiment: Robert W. Baird raised its price target to $351 from $310 and maintained an “outperform” rating, indicating continued confidence in Bloom’s growth prospects and potential upside from current levels. Neutral Sentiment: Bloom Energy is scheduled to report earnings next week. Wall Street expects year-over-year earnings growth, but Zacks said the company lacks the combination of estimate revisions and historical factors typically associated with a likely earnings beat. Bloom Energy Reports Next Week Neutral Sentiment: Long-term growth expectations remain high. Management expects 2026 revenue of approximately $3.9 billion to $4.2 billion, roughly double the prior year, but the stock trades at a demanding valuation that requires substantial future profit growth. Bloom Energy Stock Is 31% Below Its Record Negative Sentiment: The AI power trade is unwinding. Bloom Energy and other data-center infrastructure stocks came under pressure as investors questioned the durability of AI-related capital spending and became more concerned about debt and financing risks across the sector. Bloom Energy Is an AI Power Supply Bottleneck Bellwether Negative Sentiment: Macroeconomic pressure added to the selling. Higher oil prices and a hot inflation reading revived concerns that interest rates could remain elevated, weighing on high-growth infrastructure companies such as BE. Bloom Energy Stock Slides Amid High Oil Prices and Inflation Woes Analysts Set New Price Targets A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of Bloom Energy from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. TD Cowen upgraded shares of Bloom Energy to a “hold” rating in a research report on Monday, October 5th. Wells Fargo & Company reduced their target price on Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. BMO Capital Markets lowered their price target on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 29th. Finally, Oppenheimer reissued a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.05.

Read Our Latest Analysis on BE

Insider Transactions at Bloom Energy In other news, insider Shawn Soderberg sold 2,895 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $233.60, for a total value of $676,272.00. Following the completion of the transaction, the insider owned 129,370 shares in the company, valued at $30,220,832. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey Immelt sold 30,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the transaction, the director directly owned 201,243 shares of the company’s stock, valued at $48,078,965.13. This represents a 12.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 89,698 shares of company stock worth $21,780,758. 3.00% of the stock is owned by insiders.

Bloom Energy Company Profile (Free Report)

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

Recommended Stories Five stocks we like better than Bloom Energy ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle Beyond the GPU: Credo Paves the Next AI Data Superhighway Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Corporation (NYSE:BE – Free Report).

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Bloom Energy (BE - Free Report) closed at $236.30 in the latest trading session, marking a -1.27% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.33%. Elsewhere, the Dow saw an upswing of 1.08%, while the tech-heavy Nasdaq appreciated by 0.08%.

Shares of the developer of fuel cell systems witnessed a loss of 11.36% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 5.67%, and the S&P 500's gain of 1.41%.

Market participants will be closely following the financial results of Bloom Energy in its upcoming release. The company plans to announce its earnings on October 22, 2026. On that day, Bloom Energy is projected to report earnings of $0.71 per share, which would represent year-over-year growth of 373.33%. Simultaneously, our latest consensus estimate expects the revenue to be $1.07 billion, showing a 106.31% escalation compared to the year-ago quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.69 per share and a revenue of $4.14 billion, representing changes of +253.95% and +104.34%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Bloom Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.68% decrease. Currently, Bloom Energy is carrying a Zacks Rank of #3 (Hold).

Digging into valuation, Bloom Energy currently has a Forward P/E ratio of 88.97. This signifies a premium in comparison to the average Forward P/E of 17.11 for its industry.

We can additionally observe that BE currently boasts a PEG ratio of 2.34. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Alternative Energy - Other industry stood at 1.96 at the close of the market yesterday.

The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 153, finds itself in the bottom 38% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

AI infrastructure spending is creating an unusual opportunity for Bloom Energy Corp (NYSE:BE): data centers need electricity fast enough that utilities and tech companies are exploring alternatives to conventional grid power.

Elemental Capital Partners LLC lifted its holdings in shares of Bloom Energy Corporation (NYSE:BE – Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,039,031 shares of the company’s stock after buying an additional 25,625 shares during the period. Bloom Energy makes up about 69.4% of Elemental Capital Partners LLC’s investment portfolio, making the stock its largest holding. Elemental Capital Partners LLC owned about 0.35% of Bloom Energy worth $287,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BE. Jennison Associates LLC grew its position in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Bloom Energy by 6.1% in the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after acquiring an additional 126,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Bloom Energy by 78.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after acquiring an additional 583,135 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Bloom Energy in the second quarter valued at approximately $296,413,000. Finally, Polar Capital Holdings Plc bought a new position in shares of Bloom Energy in the fourth quarter valued at approximately $76,234,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes A number of analysts have recently commented on the company. Barclays boosted their price objective on Bloom Energy from $276.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 1st. Mizuho raised their target price on shares of Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Evercore reissued an “outperform” rating on shares of Bloom Energy in a research note on Friday, August 7th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $310.00 price target on shares of Bloom Energy in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.18.

Get Our Latest Report on BE Key Bloom Energy News Here are the key news stories impacting Bloom Energy this week:

Positive Sentiment: Oracle support for Project Jupiter: Oracle reaffirmed Bloom Energy’s role in Project Jupiter, strengthening the case that Bloom could benefit from rising demand for on-site power infrastructure for data centers. Roth Capital raised its price target to $260 from $225, citing improving market acceptance ahead of Bloom’s third-quarter results. BE Stock Rises Overnight After Oracle Reaffirms Project Jupiter Role Positive Sentiment: Potential undervaluation based on future cash flow: One analysis argues Bloom may be about 34% undervalued following the Jersey Patch deal, provided the company can convert its expected growth into sustained cash generation. Bloom Energy Stock May Be 34% Undervalued After Jersey Patch Deal Neutral Sentiment: Growth expectations remain central: Commentary focused on whether Bloom can scale profits fast enough to justify its premium valuation. Shares trade at roughly 177.5 times adjusted trailing earnings in one analysis, while the company’s reported valuation metrics also reflect exceptionally high growth expectations. What Are Bloom Energy Investors Betting On? Negative Sentiment: Oil and inflation concerns pressured the stock: Crude oil’s rise and a hotter inflation reading revived fears that U.S. interest rates will remain elevated. Higher rates typically weigh on high-growth, capital-intensive data-center infrastructure companies such as Bloom Energy. Bloom Energy Stock Slides Amid High Oil Prices and Inflation Woes Bloom Energy Stock Performance Shares of BE stock opened at $238.80 on Thursday. The company has a market capitalization of $70.33 billion, a price-to-earnings ratio of 318.40, a P/E/G ratio of 3.39 and a beta of 3.77. Bloom Energy Corporation has a 1-year low of $75.70 and a 1-year high of $351.28. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The stock’s fifty day simple moving average is $249.11 and its 200-day simple moving average is $245.54.

Bloom Energy (NYSE:BE – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same period in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, sell-side analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Insider Activity In other Bloom Energy news, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the transaction, the insider directly owned 202,494 shares of the company’s stock, valued at $54,685,529.64. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the transaction, the insider directly owned 147,092 shares in the company, valued at approximately $40,769,489.64. The trade was a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is currently owned by company insiders.

About Bloom Energy (Free Report)

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

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Oracle just named Bloom Energy the primary power source for a massive AI campus, yet the stock keeps falling. With shares trading at stratospheric multiples and the next earnings report days away, the real question is how much good news…

Bloom Energy (NYSE:BE) shares are up 142.5% year to date. That run is substantial enough that Roth Capital raised its price target from $225 to $260 this week while maintaining its Neutral rating. Shares fell in the Oct. 14 session and closed at $239.34. Premarket trading Thursday showed shares at $227.78, down another 4.8%. So how much growth does the current price already reflect?

What Oracle and Roth Capital Said On Oct. 13, Oracle (NYSE:ORCL | ORCL Price Prediction) confirmed Bloom as the primary power source for Project Jupiter, its AI campus in Doña Ana County, New Mexico. Oracle said in April that Bloom fuel cells are expected to supply up to 2.45 gigawatts there. The installation is actively underway. Oracle also proposed an energy service agreement with El Paso Electric and bill credits for residential and small business customers of up to $55 million annually for up to three years. Neither company provided contract value or revenue timing for Bloom. (Bloom is one of several non-chip names gaining from the AI data-center expansion. We highlighted seven of these power, cooling, and networking suppliers in a free report here.)

Roth Capital summed up the tension: “Bloom Energy’s current positioning and commercial momentum are unique in the company’s history, but forward expectations factor in very large order flow and incremental capacity growth in future years.” The firm said valuation and the company’s lack of transparency keep it on the sidelines. Roth Capital’s $260 target is above the current price, and the firm still rates the stock a Hold.

Why Shares Fell on Good News A hotter-than-expected September inflation report drove Treasury yields higher and hit high-multiple, rate-sensitive stocks across the market. Bloom’s beta of 3.78 means its price moves are much larger than the broader market’s. The stock is down 15.6% in a week.

Valuation Leaves Little Room The consensus analyst target of $283.01 is above today’s price. Analyst sentiment shows a wide split, with Hold ratings as the largest group. A separate valuation model, which blends trailing P/E, forward P/E, and analyst targets, puts fair value at $227.15 with a Hold rating, almost exactly Thursday’s premarket price.

Second-quarter revenue reached $1.07 billion, up 165.5%, and non-GAAP EPS of $0.78 beat the $0.41 estimate. The current price already reflects those results. Shares trade at 322 times trailing earnings and 57 times forward estimates. Against the midpoint of 2026 non-GAAP EPS guidance ($2.55 to $2.85), the forward multiple is approximately 84x.

Volatility Comes Before the Thesis Over the past 52 weeks, the stock has traded as high as $351.28 and as low as $75.70. It is now below its 50-day moving average of $247.61. For investors at or near retirement, a stock this volatile raises a position-sizing question that should be addressed before any investment thesis question. Even the chief executive admitted uncertainty about AI spending: “I do not know for sure, and I will not insult you by pretending to.”

Oct. 22 Results Must Show the Order Flow Bloom has confirmed it will report third-quarter results on Oct. 22. It has beaten estimates for five consecutive quarters and raised 2026 revenue guidance twice, to a range of $3.9 billion to $4.2 billion. Today’s price demands more than a sixth beat. The report needs to show new bookings and backlog growth beyond the approximately $6 billion product backlog reported at year-end, the very large order flow Roth Capital says is already priced in.

What Oct. 22 Must Prove at This Price At about 84 times guided earnings, with Hold ratings outnumbering every other call, and a beta near 3.8, the share price already reflects much of Bloom’s growth story. The Oct. 22 results will show whether order flow supports that valuation.

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Bloom Energy Corp. (NYSE:BE) shares are falling Wednesday as costly crude and a hot inflation print revive fears that U.S. interest rates will stay high, weighing on data center infrastructure stocks.

As the world pivots toward cleaner power, should you choose a high-growth disruptor like Bloom Energy (BE -7.74%) or a profitable giant like NextEra Energy (NEE +1.09%) for your portfolio?

Bloom Energy focuses on on-site hydrogen and fuel cell systems, serving tech hubs that need reliable power. NextEra Energy combines a massive regulated utility in Florida with a world-leading renewable energy development business. Both companies play vital roles in the evolving grid, but they offer vastly different risk and reward profiles for investors.

The case for Bloom EnergyIn its latest annual report, filed for FY 2025, Bloom Energy highlights its role among industrial stocks that provide onsite power for data centers. The company designs and manufactures solid oxide fuel cells to generate electricity and hydrogen locally. Key partnerships with American Electric Power (AEP +0.90%) and Brookfield (BN +0.47%) underscore its growing importance in powering large-scale artificial intelligence projects. By offering grid-independent solutions, it appeals to customers facing power constraints from traditional utilities.

In FY 2025, revenue reached nearly $2.0 billion, a robust 37.3% increase compared to the previous year. While top-line growth was strong, the company reported a net loss of approximately $88.4 million for the period. Management has focused on scaling its manufacturing capacity to meet rising demand for hydrogen solutions. These efforts helped improve the net margin, which is the percentage of revenue kept as profit, from negative 22.7% just two years ago to negative 4.4% today.

Based on its December 2025 balance sheet, the current ratio is approximately 6.0x. This measures a company's ability to cover short-term debts using its current assets. The debt-to-equity ratio, which compares total debt to shareholder equity, is nearly 3.9x. Free cash flow, which equals cash flow from operations minus capital expenditures, was close to $57.2 million. This positive cash generation is a significant milestone for the growing company as it seeks to fund future operations internally.

The case for NextEra EnergyIn its latest annual report, filed for FY 2025, NextEra Energy presents itself as a titan in the North American power industry. It operates Florida Power & Light, a massive regulated utility serving over six million customer accounts across the state. The company also leads the market for renewable energy through its NextEra Energy Resources division, which develops large-scale wind, solar, and battery storage projects across the continent.

In FY 2025, revenue reached roughly $27.5 billion, representing 11% year-over-year growth. The company is highly profitable, recording net income of nearly $6.8 billion during the fiscal period. This performance resulted in a net margin of nearly 24.9%, reflecting its scale and operational stability. This profitability allows the company to continue investing heavily in new clean energy infrastructure while returning capital to its shareholders.

As of its December 2025 balance sheet, the debt-to-equity ratio is approximately 1.8x. The current ratio stands at roughly 0.6x, indicating that its short-term obligations exceed its current assets, a common situation for capital-intensive utilities. Free cash flow was strong, at nearly $3.2 billion, providing the capital needed for ongoing infrastructure expansion and dividend payments. This steady cash flow supports its long-term strategy of leading the clean energy transition.

Risk profile comparisonBloom Energy faces significant risks from ongoing securities class action lawsuits and questions regarding its supply chain transparency. It also contends with volatile demand for hydrogen and intense competition from much larger industrial manufacturers. Furthermore, the company has a history of losses and carries substantial indebtedness, which could limit its ability to fund future expansion if capital markets tighten.

NextEra Energy is currently navigating political opposition to its proposed $67 billion acquisition of Dominion Energy (D +0.99%). The company also faces legal scrutiny over allegations of political interference and the operational threat posed by severe weather in its core Florida market. Regulatory pressure is another concern, as utility commissions could potentially disallow requested rate increases, impacting its long-term revenue growth and profitability.

Valuation comparisonNextEra Energy presents a much lower valuation relative to its earnings estimates and trailing sales than Bloom Energy, a high-growth but currently unprofitable Company.

MetricBloom EnergyNextEra EnergyForward P/E107.9x19.1xP/S ratio27.6x5.5xValuation metrics include those sourced from Financial Modeling Prep (FMP) and may differ from those of other data providers.

The Forward P/E ratio compares a stock price to future earnings estimates. The P/S ratio measures a company's market value relative to its sales over the past twelve months.

When comparing Bloom Energy and NextEra Energy, investors should consider a few key factors. Let's have a look at them and see what that tells us about each stock.

To start, there's profitability. Next Era Energy has been profitable for many years. Since 2021, it has averaged an operating margin of 28%. Bloom Energy, on the other hand, has just recently pivoted to consistent profitability. Over the last five years, its operating margin has averaged -8%. However, over the last two years, its operating margin has averaged 7% as the company has scaled up operations to meet surging AI data center demand.

Another factor to consider is each company's valuation. In this category, NextEra Energy is the clear head-to-head winner. Whether using forward P/E or P/S, NextEra stock is roughly 5 times cheaper than Bloom Energy stock. Granted, there's a reason why -- Bloom Energy is growing much faster than NextEra. However, for value-minded investors, NextEra stock stands out.

Last, there's income potential. NextEra stock boasts a solid dividend yield of 3.2%, while Bloom Energy stock pays no dividend. For income-oriented investors, NextEra stock passes the test.

In summary, each of these stocks is worthy of consideration, but they will appeal to different types of investors and, at any rate, serve different purposes. Bloom Energy is a younger, more growth-oriented company. It is riding the AI data center wave and is more appropriate for aggressive investors or those seeking an AI-related growth stock in the energy and industrial space. NextEra Energy, meanwhile, is a more traditional electric utility. It boasts a modest valuation, a solid dividend, and has demonstrated reliable profitability for well over a decade.