# Bloom Energy Corporation (BE) — Stock CV

Bloom Energy Corporation is a $82.3B technology company. Revenue grew 91.0% over the last year, it keeps 8¢ of every dollar of sales as profit, and its net debt equals ~0.9 years of free cash flow. It trades at 337.3× earnings — in the cheapest third of its own history.

> Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications.

## Identity

- **Ticker**: BE
- **Sector**: Technology
- **Industry**: Electrical Industrial Apparatus
- **Headquarters**: SAN JOSE, CA
- **Employees**: 2 214
- **Website**: https://www.bloomenergy.com
- **Market cap**: $82.3B
- **Last price**: $279.31
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $3.11B
- **Net income**: $251M
- **Free cash flow**: $625M
- **Net debt**: $542M
- **P/E**: 337.3
- **Revenue growth (YoY)**: 91.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 25 |
| Growth | 50 |
| Profitability | 45 |
| Health | 62 |
| Quality | 64 |
| Moat | 6 |

## Qualifications (beginner checklist) — 7 of 11 passed

- [x] Revenue growing — +91.0% YoY
- [x] Profitable — $251M TTM
- [ ] Profit growing — -220.3% YoY
- [x] Generates cash — $625M TTM
- [x] Debt under control — ~0.9y of cash flow to repay
- [x] Established company — $82.3B market cap
- [ ] Not printing shares — +38.6% shares over ~5y
- [ ] Proven track record — 0/8 profitable years
- [x] Financially stable — Altman Z 12.6 — safe
- [x] Pays a dividend — yield 0.00%
- [ ] Valuation not extreme — P/E 337.3

## Experience (career milestones)

- **2025** — The company had installed about 1.4 gigawatts (GW) of Bloom Energy Server systems at over 1,000 locations…
- **2024** — Bloom Energy partnered with SK Eternix to power two Eco Parks with Bloom SOFCs by Spring 2026, in…
- **FY2022** — Revenue crossed $1B: $1.20B for the year
- **2001** — The company was founded in 2001 as Ion America, then was renamed Bloom Energy in 2006

## Strengths

- Revenue growing 91.0% year over year
- Strong cash conversion — FCF is 20.1% of revenue
- Could repay net debt from ~0.2 years of free cash flow
- Altman Z-Score 12.61 — low bankruptcy-risk zone

## Watch-outs

- Thin interest coverage (-0.4×)
- Loss-making in 8 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $972M | -$164M | -$110M |
| FY2022 | $1.20B | -$315M | -$309M |
| FY2023 | $1.33B | -$308M | -$456M |
| FY2024 | $1.47B | -$27.2M | $33.1M |
| FY2025 | $2.02B | -$87.1M | $57.1M |

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Source: https://stockcv.com/BE — derived from company filings; may be delayed or incomplete. Information, not investment advice.