
Bloom Energy (BE) Stock Forecast & Price Target
Bloom Energy (BE) Analyst Ratings
Bulls say
Bloom Energy has demonstrated strong financial performance, reporting third-quarter revenues of approximately $519 million, which exceeded consensus estimates by 21%, driven by significantly better-than-expected product revenue. The company is positioned for growth as it ramps up electrolyzer sales and anticipates positive operating margins in 2024, and its value proposition has been reinforced by securing a contract with Oracle for the rapid deployment of fuel servers. Additionally, improvements in non-GAAP gross margins by approximately 510 basis points year-over-year to around 30% and upward revisions to revenue and EBITDA forecasts underscore a promising outlook for Bloom Energy's financial trajectory.
Bears say
The financial outlook for Bloom Energy appears negative due to several fundamental concerns, including the potential inability to commercialize hydrogen equipment and the risks associated with cost overruns during the ramp-up of manufacturing capacity. Furthermore, the company's reliance on anticipated revenue growth of 22% through 2030, which is expected to decline significantly to around 20% through 2040 as US power demand levels off, raises questions about future profitability. Competitive pressures from existing entrants and emerging technologies, along with supply chain constraints impacting component availability, contribute to the uncertainties surrounding Bloom Energy’s financial stability.
This aggregate rating is based on analysts' research of Bloom Energy and is not a guaranteed prediction by Public.com or investment advice.
Bloom Energy (BE) Analyst Forecast & Price Prediction
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