BN · rank #6 · 2026-09-07
BE
NYSE · $74.48B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | 0.75 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +64.9% |
| Forward net margin Consensus forward net margin. | +8.7% |
| Net margin TTM Trailing twelve month net margin. | +7.9% |
| Margin expansion Forward minus trailing net margin (percentage points). | +0.8% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 0.53 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 4.48× |
| Analyst upside Spread between the consensus 12m target and the current price. | +8.8% |
| Last EPS surprise Most recent reported EPS versus consensus. | +165% |
| Market cap (USD) | $74.48B |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Bloom Energy sells proprietary solid oxide fuel cell systems that provide dispatchable, grid-independent baseload power to AI data centers and industrial customers, with multi-gigawatt contracts signed with Oracle, AEP, Brookfield, Intel, and Equinix anchoring a rapidly scaling backlog.
Rationale
The bottleneck-solver signal is directly reinforced by BE's structural position as a sole-source provider of solid oxide fuel cell capacity that lets hyperscalers bypass grid interconnection queues, with the Oracle 2.8 GW deal, AEP 20-year offtake, and Brookfield $5B partnership providing concrete, multi-decade revenue visibility rather than sentiment-driven rotation.
Material risks
- 1Customer concentration is extreme — Oracle, AEP, and Brookfield together represent the bulk of the multi-gigawatt pipeline, so a single contract delay, renegotiation, or cancellation (e.g., Oracle pulling back as it did with some prior data center commitments) would materially collapse backlog and revenue visibility, directly breaking the bottleneck-solver thesis.
- 2Execution and financing risk around doubling manufacturing capacity to gigawatt scale by 2026 is acute given BE still posts GAAP net losses and carries debt-to-FCF of ~4.5x, meaning cost overruns or capital market stress could impair delivery on contracted commitments before the revenue ramp materializes.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.