Bloom Energy Reports Strong Revenue Growth Amid Market Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 16 2024
0mins
Should l Buy BE?
Source: Business Insider
Bloom Energy Corp's stock fell 5.06% as it crossed below the 5-day SMA, reflecting broader market weakness with the Nasdaq-100 down 1.02% and S&P 500 down 0.47%.
Despite the stock's decline, Bloom Energy reported a significant revenue growth of 37% last year, reaching over $2 billion, with operating profit nearing $73 million. Analysts forecast nearly 60% revenue growth in the next two years, indicating strong demand and positive business prospects in the hydrogen fuel cell market.
The company's advancements in solid oxide fuel cell technology enhance its competitive position, allowing for greater flexibility in electricity generation. This positions Bloom Energy favorably in the clean energy sector, even as the stock experiences short-term volatility.
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Analyst Views on BE
Wall Street analysts forecast BE stock price to fall
19 Analyst Rating
8 Buy
9 Hold
2 Sell
Moderate Buy
Current: 261.030
Low
71.00
Averages
142.89
High
184.00
Current: 261.030
Low
71.00
Averages
142.89
High
184.00
About BE
Bloom Energy Corporation is engaged in stationary fuel cell power generation by market share. The Company provides distributed energy technology solutions to customers. The Company manufactures advanced and versatile fuel cell energy platforms, supporting the commercial availability of two products: the Bloom Energy Server for generating electricity and the Bloom Electrolyzer for producing hydrogen. With approximately 1.4 gigawatts (GW) of Energy Server systems deployed in more than 1,000 locations and nine countries. Its solid oxide fuel cell technology platform is the foundation for its Energy Server system and Bloom Electrolyzer. The Bloom Energy Server system is designed to deliver reliable, resilient, clean and affordable energy for utilities and organizations alike. Its Energy Server system is designed to deliver reliable electricity. The Bloom Electrolyzer is designed to provide hydrogen solutions based on the same solid oxide platform as its Energy Server systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Surge: Bloom Energy's stock surged 10% on Monday morning, reaching $33.45 per share, despite the absence of any direct news or analyst rating changes, indicating market optimism about its future potential.
- NASA's Technological Advances: NASA is testing hydrogen fuel cell technology aimed at providing energy solutions for the upcoming Artemis moon base, which may have sparked investor interest in Bloom Energy, believing its technology will play a crucial role in future space exploration.
- Market Demand Potential: Although Bloom Energy's current business is not directly linked to NASA's projects, the advancing space exploration could significantly increase the demand for hydrogen fuel cells, presenting new growth opportunities and enhancing the company's market position.
- Long-term Strategic Implications: NASA's research highlights the substantial potential of hydrogen fuel cells in lunar environments, positioning Bloom Energy as a key manufacturer in this emerging market, which could drive sustainable growth for the company in the future.
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- Bloom Energy's Rapid Growth: Bloom Energy's hydrogen fuel cell technology has surged over 1,600% in the past year, with a product backlog reaching $6 billion by the end of 2025, 2.5 times larger than at the end of 2024, highlighting its significance in meeting the soaring demand from data centers.
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- Brookfield Renewable's Reliable Returns: Brookfield Renewable Partners offers a high dividend yield of 4.7% and has consistently increased distributions by 5% annually over the past decade, providing reliable cash flows that attract income-focused investors.
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- Recurring Revenue from Service Contracts: Each new power cell sold generates a service contract, leading to a service backlog of $24 billion by the end of 2025, suggesting stable revenue for years ahead, making it attractive for growth-oriented investors.
- Renewable Dividend Growth: Brookfield Renewable Partners has increased its distribution at an annualized rate of 5% over the past decade, currently yielding 4.7%, providing reliable cash flow for income-seeking investors.
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- Positive Gross Margin: The company achieved a gross margin of 2.4% in 2025, marking an improvement in its financial health that could attract more investor interest in its future developments.
- Major Contract Awarded: In April, Plug announced a 275-megawatt electrolyzer contract, demonstrating its competitiveness in the hydrogen industry and a rebound in market demand, further solidifying its position in the sector.
- Optimistic Future Outlook: The new CEO anticipates achieving positive EBITDA by the end of fiscal 2026 and potential profitability by 2028, although the company still faces high risks and intense competition, yet the market remains cautiously optimistic about its prospects.
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- Amphenol Stock Pullback: Amphenol's stock has slightly decreased, which analysts see as a good buying opportunity, demonstrating market confidence in its long-term growth prospects, particularly amid ongoing demand in the connectors and sensors market.
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Bloom Energy Stock Soars 10% Amid NASA Hydrogen Fuel Cell News
- Stock Surge: Bloom Energy's stock surged 10% on Monday morning, reaching $33.45 per share, despite the absence of any direct news or analyst rating changes, indicating market optimism about its future potential.
- NASA's Technological Advances: NASA is testing hydrogen fuel cell technology aimed at providing energy solutions for the upcoming Artemis moon base, which may have sparked investor interest in Bloom Energy, believing its technology will play a crucial role in future space exploration.
- Market Demand Potential: Although Bloom Energy's current business is not directly linked to NASA's projects, the advancing space exploration could significantly increase the demand for hydrogen fuel cells, presenting new growth opportunities and enhancing the company's market position.
- Long-term Strategic Implications: NASA's research highlights the substantial potential of hydrogen fuel cells in lunar environments, positioning Bloom Energy as a key manufacturer in this emerging market, which could drive sustainable growth for the company in the future.
See More
Analysis of Clean Energy Investment Prospects
- Bloom Energy's Rapid Growth: Bloom Energy's hydrogen fuel cell technology has surged over 1,600% in the past year, with a product backlog reaching $6 billion by the end of 2025, 2.5 times larger than at the end of 2024, highlighting its significance in meeting the soaring demand from data centers.
- Stable Revenue from Service Contracts: Each fuel cell sold generates a service contract, leading to a service backlog of $24 billion by the end of 2025, ensuring years of reliable revenue, which is appealing to growth-oriented investors.
- Brookfield Renewable's Reliable Returns: Brookfield Renewable Partners offers a high dividend yield of 4.7% and has consistently increased distributions by 5% annually over the past decade, providing reliable cash flows that attract income-focused investors.
- Diversified Asset Portfolio: Brookfield's portfolio includes solar, wind, hydroelectric, and more, requiring more monitoring than regulated utilities, yet its long-term growth potential and above-market yield make it attractive to a broader range of investors.
See More
Surge in Demand for Clean Energy Alternatives
- Hydrogen Fuel Cell Technology: Bloom Energy's hydrogen fuel cell technology has seen a product backlog of $6 billion, 2.5 times larger than in 2024, driven by surging demand for data centers, indicating strong growth potential in the clean energy market.
- Recurring Revenue from Service Contracts: Each new power cell sold generates a service contract, leading to a service backlog of $24 billion by the end of 2025, suggesting stable revenue for years ahead, making it attractive for growth-oriented investors.
- Renewable Dividend Growth: Brookfield Renewable Partners has increased its distribution at an annualized rate of 5% over the past decade, currently yielding 4.7%, providing reliable cash flow for income-seeking investors.
- Diversified Asset Portfolio: Brookfield's portfolio includes solar, wind, and hydroelectric assets, requiring more monitoring than regulated utilities, yet its long-term growth potential and above-market yield make it appealing to dividend investors.
See More
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- Performance Recovery: Plug Power's revenue topped $700 million in 2025, marking a nearly 13% increase year-over-year, indicating a gradual restoration of market confidence and improved financial performance under new leadership.
- Major Contract Award: The company announced in April that it secured a contract to supply a 275-megawatt electrolyzer system for the Hy2gen project in Canada, representing a significant advancement in its turnaround strategy and showcasing its competitiveness in the hydrogen market.
- Financial Challenges: Despite revenue growth, Plug Power reported a net loss of $1.69 billion in 2025, highlighting the high-risk financial situation the company faces, necessitating cautious evaluation of its long-term return potential by investors.
- Future Outlook: The new CEO anticipates achieving positive EBITDA by the end of fiscal 2026 and potentially reaching profitability by 2028, although the competitive landscape in the hydrogen industry remains fierce, and successful execution of the plan will require time and disciplined management.
See More
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- Significant Revenue Growth: Plug Power's revenue reached $700 million in 2025, reflecting a 12.9% increase year-over-year, indicating effective implementation of its turnaround strategy under new CEO leadership, which enhances market confidence.
- Positive Gross Margin: The company achieved a gross margin of 2.4% in 2025, marking an improvement in its financial health that could attract more investor interest in its future developments.
- Major Contract Awarded: In April, Plug announced a 275-megawatt electrolyzer contract, demonstrating its competitiveness in the hydrogen industry and a rebound in market demand, further solidifying its position in the sector.
- Optimistic Future Outlook: The new CEO anticipates achieving positive EBITDA by the end of fiscal 2026 and potential profitability by 2028, although the company still faces high risks and intense competition, yet the market remains cautiously optimistic about its prospects.
See More
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- Steel Dynamics Recommendation: Steel Dynamics is viewed as an excellent company, with analysts strongly recommending buying its stock, indicating confidence in its future profitability and reflecting the stable demand and growth potential in the steel industry.
- Bloom Energy Investment Opportunity: Bloom Energy is highlighted as a non-combustible power investment choice, with analysts noting a surge in demand from data centers, underscoring its significance and growth potential in the renewable energy market.
- Amphenol Stock Pullback: Amphenol's stock has slightly decreased, which analysts see as a good buying opportunity, demonstrating market confidence in its long-term growth prospects, particularly amid ongoing demand in the connectors and sensors market.
See More
