| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 6 | 336.3x | 17.8x | Bottom tier | |
Growth | 97 | 92.1% | 7.1% | Top tier | |
Quality | 82 | 10.8% | 4.5% | Top tier | |
Safety | 70 | 0.6x | 2.6x | Top tier | |
Capital Return | 18 | 0.00% | 2.12% | Bottom tier | |
Momentum | 85 | 294.1% | 2.9% | Top tier | |
Sentiment | 74 | 15 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Bloom Energy provides on-site power generation solutions through Energy Servers and fuel cells, with an accelerating focus on AI data centers alongside hospitals, factories, telecommunications companies, universities, and retail stores. The company sells equipment directly through capital transactions, or arranges power purchase, capacity, or leasing contracts under which the customer pays over time; under the second model, a financier such as Brookfield or Industrial Development Funding purchases the Energy Servers from Bloom Energy and owns them to fulfill the end-user contract. The company also generates recurring service revenue from fleet maintenance and stack replacements, and its services margin reached 22% in fiscal Q2 2026.
In fiscal Q2 2026, Bloom Energy recorded record revenue of $1.065 billion, up 166% year over year and 42% quarter over quarter, surpassing $1 billion in quarterly revenue for the first time. Product revenue reached $935 million, growing 215% year over year and 43% quarter over quarter, and accounted for nearly 90% of total revenue. Adjusted gross margin reached 34.3%, while product margin was 37.2% and services margin was 22%.
Adjusted operating income reached $240 million in fiscal Q2 2026, up 737% year over year, and operating margin expanded to 22.5%, while adjusted earnings before interest, taxes, depreciation, and amortization reached $253 million and diluted earnings per share were $0.78 on an adjusted basis and $0.62 under generally accepted accounting principles. Operating expenses grew only 48% versus revenue growth of 166%, and operating cash flow reached $226 million and free cash flow reached $175 million, with a cash balance of $2.7 billion at the end of the quarter.
The analyst consensus is “Buy,” with an average price target of $276.47, but the wide range between $176 and $350 reveals significant disagreement over the sustainability of the AI data center boom and margins. The average target is slightly below the 52-week range high of $351.28, while the 52-week range extends from $48.87 to $351.28, reflecting a sharp revaluation associated with fiscal Q2 2026 revenue growth of 166% and raised guidance. No meaningful price-to-earnings multiple is available, and with net income of only $10 million over the past twelve months and a market capitalization of $64.3 billion, the valuation depends heavily on achieving fiscal 2026 revenue and operating income expectations.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
The primary driver is power demand from AI data centers, and fiscal Q2 2026 revenue rose 166% year over year to $1.065 billion. Products accounted for approximately 90% of revenue at $935 million, supported by accelerated Energy Server deliveries. Announced relationships include Oracle, Equinix, and Nebius, while management said that all major U.S. hyperscalers and more than 12 neocloud operators, AI labs, and colocation providers have adopted its solutions.
The company expects revenue of between $3.9 billion and $4.2 billion in fiscal 2026, with the midpoint representing growth of approximately 100% compared with revenue exceeding $2 billion in fiscal 2025. It also targets an adjusted gross margin of approximately 34% and adjusted operating income of between $800 million and $900 million, implying an operating margin of approximately 21% at the revenue midpoint. Adjusted diluted earnings per share guidance ranges from $2.55 to $2.85, and management says the guidance does not depend on a single project.
The Brookfield framework began at $5 billion and then expanded in June 2026 to $25 billion to finance Bloom Energy power projects dedicated to AI infrastructure. The end user signs a power purchase, capacity, or leasing contract, after which the financier purchases the Energy Servers from Bloom Energy and owns them to provide the service under the contract. This is complemented by a $2.6 billion commitment from Industrial Development Funding and its partners Oaktree, MUFG Bank, and Morgan Stanley, reducing the end user's need to purchase the equipment as a capital investment.
Automated analysis for informational purposes only — not investment advice.
Adjusted gross margin reached 34.3% in fiscal Q2 2026, up 604 basis points year over year, while product margin reached 37.2% and services margin reached 22%. The company recorded adjusted operating income of $240 million and an operating margin of 22.5%, with operating expenses growing only 48% against revenue growth of 166%. Diluted earnings per share also reached $0.78 on an adjusted basis and $0.62 under generally accepted accounting principles, while free cash flow reached $175 million.
The current acceleration depends heavily on continued AI data center spending, whose future pace management said it cannot guarantee. One or two customers may drive any quarter's revenue because of the scale of campus deliveries, and construction-site readiness may also delay delivery timing despite contractual protection and the ability to redirect equipment. Margin also fluctuates because of project mix, acceleration costs, and maintenance, while the absence of a meaningful price-to-earnings multiple and net insider sales of $34.8 million over three months increase valuation sensitivity, although those sales may have been prearranged.
Bloom Energy's Energy Servers provide on-site generation and can be deployed within months, and the company supplied power to an Oracle data center within 55 days. Management says the solutions do not rely on combustion, use very little water, and produce less air pollution than turbines and engines, helping accelerate permitting near communities. The Copy Exact architecture also allows units to be redirected between sites, and the company says it has visibility into enough materials to deploy 25 gigawatts and does not depend on China for scandium supplies.
