Bloom Energy (BE) Q4 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy BE?
Source: NASDAQ.COM
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Analyst Views on BE
Wall Street analysts forecast BE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BE is 121.59 USD with a low forecast of 39.00 USD and a high forecast of 160.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
9 Buy
8 Hold
1 Sell
Moderate Buy
Current: 147.350
Low
39.00
Averages
121.59
High
160.00
Current: 147.350
Low
39.00
Averages
121.59
High
160.00
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.
Bloom Energy Reports Record 2025 Earnings and Strong Growth Outlook
- Record Performance: Bloom Energy achieved a record revenue of $2 billion in 2025, reflecting a 37.3% year-over-year growth, and anticipates revenue between $3.1 billion and $3.3 billion in 2026, solidifying its market position in on-site power generation.
- Sustained Service Profitability: The company’s service business has been profitable for eight consecutive quarters, with a 20% gross margin in Q4, indicating significant progress in enhancing service profitability, which is expected to drive future revenue growth.
- Surge in Product Orders: Bloom's product backlog increased by 140% year-over-year to approximately $6 billion, demonstrating strong demand from data center and commercial industrial customers for on-site power solutions, particularly in states with lower electricity costs.
- Technological Innovation Leading the Market: Bloom is pioneering the 800-volt DC solution to meet the digital age's low-voltage power needs, which is expected to become the standard for data centers, further enhancing the company's competitive edge in the power sector.
See More
Bloom Energy (BE) Q4 2025 Earnings Call Transcript
See More
Amazon's Huge Capital Spending Leads to Futures Losses and Bitcoin Bounce
- Market Volatility: Futures markets pared losses after the stock market broke key levels, indicating investor concerns about future economic prospects, which could lead to short-term market instability.
- Amazon's Capital Spending: Amazon's stock fell due to significant capital expenditures, reflecting the company's aggressive strategy in expansion and infrastructure investment, which may impact its short-term profitability.
- Bitcoin Bounce: Despite overall market pressure, Bitcoin saw a slight bounce, indicating a demand for digital assets as a safe haven in uncertain market conditions, potentially attracting more investor interest.
- Investor Sentiment: The market's strong reaction to Amazon's spending may lead investors to reassess the risk and return of tech stocks, influencing overall investment strategies.
See More
Stock Market Plummets Amid Amazon Earnings Miss
- Market Decline: The stock market experienced a significant sell-off on Thursday, with major indices declining broadly, reflecting investor concerns about the economic outlook amid high inflation and rising interest rates, which have dampened market confidence.
- Bitcoin Crash: Bitcoin prices fell sharply, driven by a bearish market sentiment as investors rushed to sell off crypto assets, likely due to concerns over increased regulation in the crypto market and a general rise in risk aversion.
- Amazon Earnings Miss: Amazon's stock price dropped following its earnings report, primarily due to concerns over its massive capital spending plans, which raised investor apprehensions about future profitability, highlighting the tension between expansion and earnings.
- Capital Expenditure Impact: While Amazon's capital expenditure plans aim to drive long-term growth, they may negatively affect cash flow and shareholder returns in the short term, leading to lowered market expectations for its future performance.
See More
Bloom Energy Reports Record Q4 2025 Earnings and Strong Growth Outlook
- Record Financial Performance: Bloom Energy achieved a Q4 2025 revenue of $777.7 million, reflecting a 35.9% year-over-year increase, with a gross margin of 31.9% and operating income of $133 million, demonstrating significant operating leverage as the company scales.
- Surge in Product Backlog: The company's product backlog increased by 140% year-over-year to approximately $6 billion, while the service business remained profitable for the eighth consecutive quarter with a service backlog of about $14 billion, indicating robust demand from data center and commercial & industrial customers.
- Technological Leadership: Bloom now produces 800 volts DC natively, with all shipped servers ready for this new standard, allowing customers to transition to DC environments at their own pace, which is expected to drive an industry shift in data center power architecture and enhance the company's competitive positioning.
- Optimistic 2026 Outlook: Management anticipates 2026 revenue between $3.1 billion and $3.3 billion, with a non-GAAP gross margin of approximately 32% and operating income projected at $425 million to $475 million, reflecting the company's commitment to investing in R&D and commercial capabilities to capitalize on market opportunities.
See More
Stock Market Plummets as Amazon Reports Disappointing Earnings
- Market Decline: The stock market experienced a significant sell-off on Thursday, with major indices declining broadly, reflecting investor concerns about the economic outlook, which may dampen market confidence and influence short-term investment decisions.
- Bitcoin Crash: Bitcoin prices fell sharply, contributing to a gloomy market sentiment, as investor confidence in cryptocurrencies wanes, potentially leading to further capital outflows from this asset class and affecting the stock performance of related companies.
- Amazon's Disappointing Earnings: Amazon's stock dropped following its earnings report, primarily due to concerns over its massive capital spending plans, which may prompt a reassessment of its long-term growth potential by the market.
- Impact of Capital Expenditure: While Amazon's capital expenditure plans aim to expand its business, they may exert pressure on cash flow in the short term, thereby affecting its stock performance and investor confidence.
See More
Bloom Energy Reports Record 2025 Earnings and Strong Growth Outlook
- Record Performance: Bloom Energy achieved a record revenue of $2 billion in 2025, reflecting a 37.3% year-over-year growth, and anticipates revenue between $3.1 billion and $3.3 billion in 2026, solidifying its market position in on-site power generation.
- Sustained Service Profitability: The company’s service business has been profitable for eight consecutive quarters, with a 20% gross margin in Q4, indicating significant progress in enhancing service profitability, which is expected to drive future revenue growth.
- Surge in Product Orders: Bloom's product backlog increased by 140% year-over-year to approximately $6 billion, demonstrating strong demand from data center and commercial industrial customers for on-site power solutions, particularly in states with lower electricity costs.
- Technological Innovation Leading the Market: Bloom is pioneering the 800-volt DC solution to meet the digital age's low-voltage power needs, which is expected to become the standard for data centers, further enhancing the company's competitive edge in the power sector.
See More
Bloom Energy (BE) Q4 2025 Earnings Call Transcript
See More
Amazon's Huge Capital Spending Leads to Futures Losses and Bitcoin Bounce
- Market Volatility: Futures markets pared losses after the stock market broke key levels, indicating investor concerns about future economic prospects, which could lead to short-term market instability.
- Amazon's Capital Spending: Amazon's stock fell due to significant capital expenditures, reflecting the company's aggressive strategy in expansion and infrastructure investment, which may impact its short-term profitability.
- Bitcoin Bounce: Despite overall market pressure, Bitcoin saw a slight bounce, indicating a demand for digital assets as a safe haven in uncertain market conditions, potentially attracting more investor interest.
- Investor Sentiment: The market's strong reaction to Amazon's spending may lead investors to reassess the risk and return of tech stocks, influencing overall investment strategies.
See More
Stock Market Plummets Amid Amazon Earnings Miss
- Market Decline: The stock market experienced a significant sell-off on Thursday, with major indices declining broadly, reflecting investor concerns about the economic outlook amid high inflation and rising interest rates, which have dampened market confidence.
- Bitcoin Crash: Bitcoin prices fell sharply, driven by a bearish market sentiment as investors rushed to sell off crypto assets, likely due to concerns over increased regulation in the crypto market and a general rise in risk aversion.
- Amazon Earnings Miss: Amazon's stock price dropped following its earnings report, primarily due to concerns over its massive capital spending plans, which raised investor apprehensions about future profitability, highlighting the tension between expansion and earnings.
- Capital Expenditure Impact: While Amazon's capital expenditure plans aim to drive long-term growth, they may negatively affect cash flow and shareholder returns in the short term, leading to lowered market expectations for its future performance.
See More
Bloom Energy Reports Record Q4 2025 Earnings and Strong Growth Outlook
- Record Financial Performance: Bloom Energy achieved a Q4 2025 revenue of $777.7 million, reflecting a 35.9% year-over-year increase, with a gross margin of 31.9% and operating income of $133 million, demonstrating significant operating leverage as the company scales.
- Surge in Product Backlog: The company's product backlog increased by 140% year-over-year to approximately $6 billion, while the service business remained profitable for the eighth consecutive quarter with a service backlog of about $14 billion, indicating robust demand from data center and commercial & industrial customers.
- Technological Leadership: Bloom now produces 800 volts DC natively, with all shipped servers ready for this new standard, allowing customers to transition to DC environments at their own pace, which is expected to drive an industry shift in data center power architecture and enhance the company's competitive positioning.
- Optimistic 2026 Outlook: Management anticipates 2026 revenue between $3.1 billion and $3.3 billion, with a non-GAAP gross margin of approximately 32% and operating income projected at $425 million to $475 million, reflecting the company's commitment to investing in R&D and commercial capabilities to capitalize on market opportunities.
See More
Stock Market Plummets as Amazon Reports Disappointing Earnings
- Market Decline: The stock market experienced a significant sell-off on Thursday, with major indices declining broadly, reflecting investor concerns about the economic outlook, which may dampen market confidence and influence short-term investment decisions.
- Bitcoin Crash: Bitcoin prices fell sharply, contributing to a gloomy market sentiment, as investor confidence in cryptocurrencies wanes, potentially leading to further capital outflows from this asset class and affecting the stock performance of related companies.
- Amazon's Disappointing Earnings: Amazon's stock dropped following its earnings report, primarily due to concerns over its massive capital spending plans, which may prompt a reassessment of its long-term growth potential by the market.
- Impact of Capital Expenditure: While Amazon's capital expenditure plans aim to expand its business, they may exert pressure on cash flow in the short term, thereby affecting its stock performance and investor confidence.
See More
