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Equity · Energy
Bloom Energy Corporation (BE) perpetual futures
BE perpetual futures on 23 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BEUSDT.
Bloom Energy Corporation develops and installs solid-oxide fuel cell systems for on-site electricity generation, serving critical infrastructure like data centers and hospitals.
$187.59-7.0%NYSE open
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TradingView symbol NYSE:BE
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Trading data
Perpetual market activity
23/24 live markets
Trading data
Perpetual market activity
Venues
23
Live markets
23/24
24h volume
$94.5MCoverage: 18/23 marketsExchange-reported volume: $125M
Open interest
$17.6MCoverage: 20/23 markets
Best liquidity
$6.3M
LBank
Tightest spread
+0.5 bps
Bitunix
Highest volume
$38.8M
Binance
Settlement mix
USDT · 17/24
Perp/spot vol.
0.04x
Spot volume $2.7B
OI / float
+0.03%
Float $52.1B
Spot performance
1D-3.60%
5D+10.16%
1M-23.35%
6M-30.31%
YTD+132.40%
1Y+95.01%
Venue matrix
24 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | BE/USDT | Trading | $187.55 | 0.0% APR 0.000% every 8h | +1.1 bps | - | $38.8M | $6M | USDT | - | |
 Bitget | Trade | BE/USDT | Trading | $187.47 | 0.0% APR 0.000% every 8h | +6.5 bps | $1.1M | $7.2M | $1.8M | USDT | 20x | |
 OKX | Trade | BE/USDT | Trading | $187.57 | 0.0% APR 0.000% every 8h | +5.4 bps | $445.3K | $6.3M | $1.3M | USDT | 20x | |
 Hyperliquid HIP-3 | Trade | xyz:BE | Trading | $187.34 | +5.5% APR +0.00063% every 1h | +6.5 bps | - | $5M | $3.9M | USDC | 10x | |
 Gate.io | Trade | BE/USDT | Trading | $187.50 | 0.0% APR 0.000% every 8h | +16.2 bps | $227.7K | $4.6M | $930.3K | USDT | 50x | |
 Bybit | Trade | BE/USDT | Trading | $187.50 | 0.0% APR 0.000% every 8h | +7.0 bps | $280.3K | $3M | $1.7M | USDT | 25x | |
 KuCoin | Trade | BE/USDT | Trading | $187.37 | 0.0% APR 0.000% every 8h | +16.2 bps | $28.3K | $1.2M | $196.1K | USDT | 20x | |
 BloFin | Trade | BE/USDT | Trading | $187.62 | 0.0% APR 0.000% every 8h | +5.9 bps | - | $582.3K | $137.5K | USDT | 20x | |
 GRVT | Trade | BE/USDT | Trading | $187.57 | 0.0% APR 0.000% every 8h | +5.4 bps | $399.4K | $303.5K | $4.4K | USDT | - | |
 Deribit | Trade | BE/USDC | Trading | $187.32 | +2.8% APR +0.00257% every 8h | +15.7 bps | $523.3K | $301.8K | $596.8K | USDC | 10x | |
 MEXC | Trade | BE/USDT | Trading | $187.47 | 0.0% APR 0.000% every 8h | +12.4 bps | $150.9K | $175.8K | $647.1K | USDT | 20x | |
 Aster | Trade | BEUSDT | Trading | $187.41 | 0.0% APR 0.000% every 8h | +34.0 bps | $50.4K | $33.2K | $47.5K | USDT | - | |
 HTX | Trade | BE/USDT | Trading | $186.44 | 0.0% APR 0.000% every 8h | +91.1 bps | $178.1K | $14.6K | $9.1K | USDT | - | |
 Extended | Trade | BE/USD | Trading | $187.39 | 0.0% APR 0.000% every 1h | +4.3 bps | - | $6.5K | $43.4K | USD | 10x | |
 Crypto.com Exchange | Trade | BE/USD | Trading | $187.32 | -35.4% APR -0.00404% every 1h | +15.1 bps | $4.4K | $3.6K | $3.1K | USD | 50x | |
 Aevo | Trade | BE/USDC | Trading | $187.46 | +11.4% APR +0.00130% every 1h | +34.4 bps | $184.3K | $0 | $93.7 | USDC | 10x | |
 Vest | Trade | BE/USDC | Trading | $186.82 | -6.1% APR -0.00070% every 1h | +29.3 bps | - | - | - | USDC | 10x | |
 Ondo Perps | Trade | BE/USD | Watchlist | - | - | - | - | - | - | USDC | 10x | |
 XT.com | Trade | BE/USDT | Trading | $187.59 | +11.0% APR +0.010% every 8h | +1.6 bps | $214.4K | $25.2M | - | USDT | 20x | |
 BingX | Trade | BE-USDT | Trading | $187.64 | +5.5% APR +0.00500% every 8h | +2.7 bps | $1.5M15 min | $1.8M | - | USDT | - | |
 Deepcoin | Trade | BE/USDT | Trading | $187.60 | +11.0% APR +0.010% every 8h | +2.2 bps | $232.5K | $19.8M⚠ | $6.9K | USDT | 25x | |
 Ourbit | Trade | BE/USDT | Trading | $187.57 | 0.0% APR 0.000% every 8h | +3.2 bps | $747.5K | $5.3M⚠ | $111.5K | USDT | 20x | |
 LBank | Trade | BE/USDT | Trading | $187.59 | 0.0% APR 0.000% every 8h | +3.8 bps | $6.3M | $2.9M⚠ | $1.6K | USDT | 50x | |
 Bitunix | Trade | BE/USDT | Trading | $187.60 | +3.1% APR +0.00281% every 8h | +0.5 bps | $3.6M | $2.5M⚠ | $93K | USDT | 50x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| BEBbStocks | $184.75 | -1.51% | $3.6M | $3.6M | BNB Smart Chain (BEP20) |
| rBETokenized | $192.71 | +2.73% | $610k | $285k | Arbitrum |
| BERobinhood | $185.08 | -1.34% | $424k | $762k | Robinhood Chain |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | BE/USDG ↗ | $185.08 | $424k | $184k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 18 of 23 venues absorb $10k · Typical cost: +8.3 bps – +15.2 bps
Too thin: KuCoin, Crypto.com Exchange
No fresh book data: Hyperliquid HIP-3, Extended, Vest
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
BETightest spread
BEHighest volume
BEFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-02-04
Revenue est. $1.42B · Updated 30m ago
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
New York Stock Exchange
Extended-hours reference
Bid185
Ask185.52
Volume6,029,052
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20263.19$4.5B+121%14
FY 20275.34$7.3B+63%16
FY 20288.61$10.7B+47%16
FY 202911.16$13.2B+23%13
FY 203013.78$15.6B+18%13
Q1 20281.45$2.1B-5
Source: FMP · Consensus
Company events
62027-02-04EarningsActual - / Estimate 1.07-
2026-10-22Earnings · After market closeActual 0.94 / Estimate 0.691Beat
2026-07-28EarningsActual 0.78 / Estimate 0.406Beat
2026-04-28EarningsActual 0.44 / Estimate 0.124Beat
2026-02-05EarningsActual 0.45 / Estimate 0.307Beat
2025-10-28EarningsActual 0.15 / Estimate 0.101Beat
Peer comparison
Similar listed perpsRevenue mix
Latest annualProductProduct$1.5B
ServiceProduct$228.3M
InstallationProduct$205.9M
Analysts
Price targets in USD| Consensus rating | Buy |
|---|---|
| Average 12-month price target | $293.06 |
| 12-month target range (low – high) | $176 – $351 |
| Ratings in the provider's consensus | 32 |
Price targets as of 2026-11-13
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 6 | 10 | 13 | 1 | 1 |
| Oct 2026 | 5 | 10 | 13 | 1 | 1 |
| Sep 2026 | 5 | 10 | 12 | 1 | 1 |
| Aug 2026 | 5 | 10 | 12 | 1 | 1 |
| Jul 2026 | 5 | 10 | 13 | 2 | 1 |
| Jun 2026 | 5 | 9 | 12 | 2 | 1 |
| May 2026 | 5 | 9 | 13 | 2 | 1 |
| Apr 2026 | 4 | 9 | 13 | 3 | 1 |
| Mar 2026 | 4 | 9 | 11 | 3 | 1 |
| Feb 2026 | 4 | 9 | 11 | 3 | 1 |
| Jan 2026 | 4 | 9 | 10 | 3 | 1 |
| Dec 2025 | 4 | 8 | 9 | 3 | 1 |
Ownership
Institutional · 2025-Q4Free float94.1%278M shares
Shares outstanding295.5M shares
Institutional88.4%884 investors
Investor count change+203
Reference market activity
BE-PERPDay range (Nov 12)$193.44$208.9
52 week$75.7$351.28
Spot volume14.2M
Average volume-
Price performance
111D-3.6%
5D+10.2%
1M-23.4%
3M-14.5%
6M-30.3%
YTD+132.4%
1Y+95.0%
3Y+1,803.2%
5Y+564.9%
10Y+707.7%
MAX+707.7%
Insider activity
FY2026 Q4Acquisitions0 transactions0 shares
Dispositions3 transactions19,598 shares
Purchases0Ratio 0
Sales3
Insider transactions
25DateReporting persontransactionssharesPriceFilings
Director Barbara J. Burger sold 2,333 shares of Bloom Energy common stock on Nov 3, 2026 at $215.05 per share, leaving her with 36,607 shares directly owned.
Director John T. Chambers sold 8,828 common shares of Bloom Energy at $203.43 per share, leaving 199,505 shares directly owned.
Bloom Energy officer and Chief Commercial Officer Joshi Aman sold 8,437 shares of Common Stock on 2026-10-01 at $277.17 per share, leaving 147,092 shares owned. The Form 4 was filed 2026-10-02.
Bloom Energy director Jeffrey R. Immelt received an award of 81 common shares at $276.98 per share, bringing his holdings to 201,324 shares.
Director Cynthia J. Warner received a grant (A-Award) of 83 common shares of Bloom Energy at $276.98 per share on 2026-09-30, bringing her holdings to 34,978 shares; the Form 4 was filed 2026-10-02.
Bloom Energy officer Aman Joshi sold 3,601 common shares on the open market at $269.94 each, leaving 155,529 shares owned.
Bloom Energy officer Maciej Kurzymski sold 2,295 Common Stock shares on 2026-09-16 at $268.42 per share, leaving 77,391 shares owned.
Bloom Energy officer Shawn Marie Soderberg sold 2,870 common shares on 2026-09-16 at $270.07 per share, leaving 126,500 shares owned after the sale.
Bloom Energy officer Chitoori Satish (COO) sold 2,870 common shares at $270.06 on 2026-09-16, leaving 202,494 shares held.
CEO Sridhar converted 9,688 stock options into common shares and gifted 300,000 shares; holdings after were 2.29M shares.
CFO Simon Edwards received an award of 15,000 shares of Bloom Energy common stock, increasing his holdings to 25,000 shares.
Bloom Energy CCO Joshi Aman sold 4,677 common shares at $241.75 each on August 14, 2026, reducing his holdings to 159,130 shares.
Director Jeffrey R. Immelt sold 30,000 common shares of Bloom Energy at $238.91 each on August 17, 2026, reducing his holdings to 201,243 shares.
On August 14, 2026, Chief Operations Officer Satish Chitoori sold 2,053 shares of Bloom Energy common stock at $241.64 each, leaving 205,364 shares owned.
On August 14, 2026, officer Shawn Marie Soderberg sold 2,895 common shares of Bloom Energy at $233.60 each, leaving 129,370 shares owned.
Director John T. Chambers sold 15,000 common shares of Bloom Energy on Aug 13, 2026 at $250 each, holding 208,333 after.
Director John T. Chambers sold 15,000 shares of Bloom Energy common stock at $205.58 per share, leaving 223,333 shares owned afterward.
Director Cynthia J. Warner received an award of 76 common shares on 2026-06-30, bringing her total holdings to 34,895 shares.
Director Jeffrey R. Immelt was awarded 85 shares of Bloom Energy common stock, bringing his total holdings to 231,243 shares.
Bloom Energy Chief Commercial Officer Joshi Aman sold 8,343 shares of common stock at $300.37 on 2026-07-01, leaving 163,807 shares owned afterward.
Bloom Energy CCO Aman Joshi sold 3,558 shares of common stock on the open market at $289.14 per share, leaving 172,150 shares owned afterward.
Bloom Energy CAO Maciej Kurzymski sold 2,259 shares of common stock at $288.62 on 2026-06-16, leaving 79,686 shares owned afterward.
Bloom Energy COO Chitoori Satish sold 2,837 shares of common stock at $289.11 per share, leaving 207,417 shares owned afterward.
Filings
59 · Latest SEC filings2026-11-054Insider transaction report (Form 4)
Director Barbara J. Burger sold 2,333 shares of Bloom Energy common stock on Nov 3, 2026 at $215.05 per share, leaving her with 36,607 shares directly owned.
2026-11-034Insider transaction report (Form 4)
Director John T. Chambers sold 8,828 common shares of Bloom Energy at $203.43 per share, leaving 199,505 shares directly owned.
2026-10-024Insider transaction report (Form 4)
Bloom Energy officer and Chief Commercial Officer Joshi Aman sold 8,437 shares of Common Stock on 2026-10-01 at $277.17 per share, leaving 147,092 shares owned. The Form 4 was filed 2026-10-02.
2026-10-024Insider transaction report (Form 4)
Bloom Energy director Jeffrey R. Immelt received an award of 81 common shares at $276.98 per share, bringing his holdings to 201,324 shares.
2026-10-024Insider transaction report (Form 4)
Director Cynthia J. Warner received a grant (A-Award) of 83 common shares of Bloom Energy at $276.98 per share on 2026-09-30, bringing her holdings to 34,978 shares; the Form 4 was filed 2026-10-02.
2026-09-184Insider transaction report (Form 4)
Bloom Energy officer Maciej Kurzymski sold 2,295 Common Stock shares on 2026-09-16 at $268.42 per share, leaving 77,391 shares owned.
2026-09-184Insider transaction report (Form 4)
Bloom Energy officer Aman Joshi sold 3,601 common shares on the open market at $269.94 each, leaving 155,529 shares owned.
2026-09-184Insider transaction report (Form 4)
Bloom Energy officer Chitoori Satish (COO) sold 2,870 common shares at $270.06 on 2026-09-16, leaving 202,494 shares held.
2026-09-184Insider transaction report (Form 4)
Bloom Energy officer Shawn Marie Soderberg sold 2,870 common shares on 2026-09-16 at $270.07 per share, leaving 126,500 shares owned after the sale.
2026-09-034Insider transaction report (Form 4)
CEO Sridhar converted 9,688 stock options into common shares and gifted 300,000 shares; holdings after were 2.29M shares.
2026-08-314Insider transaction report (Form 4)
CFO Simon Edwards received an award of 15,000 shares of Bloom Energy common stock, increasing his holdings to 25,000 shares.
2026-08-184Insider transaction report (Form 4)
On August 14, 2026, officer Shawn Marie Soderberg sold 2,895 common shares of Bloom Energy at $233.60 each, leaving 129,370 shares owned.
2026-08-184Insider transaction report (Form 4)
Bloom Energy CCO Joshi Aman sold 4,677 common shares at $241.75 each on August 14, 2026, reducing his holdings to 159,130 shares.
2026-08-184Insider transaction report (Form 4)
Director Jeffrey R. Immelt sold 30,000 common shares of Bloom Energy at $238.91 each on August 17, 2026, reducing his holdings to 201,243 shares.
2026-08-184Insider transaction report (Form 4)
On August 14, 2026, Chief Operations Officer Satish Chitoori sold 2,053 shares of Bloom Energy common stock at $241.64 each, leaving 205,364 shares owned.
2026-08-144Insider transaction report (Form 4)
Director John T. Chambers sold 15,000 common shares of Bloom Energy on Aug 13, 2026 at $250 each, holding 208,333 after.
2026-08-044Insider transaction report (Form 4)
Director John T. Chambers sold 15,000 shares of Bloom Energy common stock at $205.58 per share, leaving 223,333 shares owned afterward.
2026-07-024Insider transaction report (Form 4)
Director Cynthia J. Warner received an award of 76 common shares on 2026-06-30, bringing her total holdings to 34,895 shares.
2026-07-024Insider transaction report (Form 4)
Director Jeffrey R. Immelt was awarded 85 shares of Bloom Energy common stock, bringing his total holdings to 231,243 shares.
2026-07-024Insider transaction report (Form 4)
Bloom Energy Chief Commercial Officer Joshi Aman sold 8,343 shares of common stock at $300.37 on 2026-07-01, leaving 163,807 shares owned afterward.
2026-06-174Insider transaction report (Form 4)
Bloom Energy CAO Maciej Kurzymski sold 2,259 shares of common stock at $288.62 on 2026-06-16, leaving 79,686 shares owned afterward.
2026-06-174Insider transaction report (Form 4)
Bloom Energy COO Chitoori Satish sold 2,837 shares of common stock at $289.11 per share, leaving 207,417 shares owned afterward.
2026-06-174Insider transaction report (Form 4)
Shawn Marie Soderberg sold 2,842 shares of Bloom Energy common stock at $288.63 per share, leaving 132,265 shares owned afterward.
2026-06-174Insider transaction report (Form 4)
Bloom Energy CCO Aman Joshi sold 3,558 shares of common stock on the open market at $289.14 per share, leaving 172,150 shares owned afterward.
2026-06-034Insider transaction report (Form 4)
Director John T. Chambers sold 55,000 shares of Bloom Energy common stock at $297.69 on 2026-05-28, leaving him with 238,333 shares.
2026-05-264Insider transaction report (Form 4)
Director Mary K. Bush received an award grant of 1,063 shares of Class A Common Stock on 2026-05-21, bringing her total holdings to 106,087 shares.
2026-05-264Insider transaction report (Form 4)
Director Cynthia J. Warner was awarded 1,063 shares of Class A Common Stock (a grant, not a purchase) on 2026-05-21, bringing her total ownership to 34,819 shares.
2026-05-264Insider transaction report (Form 4)
Director Barbara J. Burger was awarded 1,063 shares of Bloom Energy Class A common stock as compensation on 2026-05-21, bringing her total ownership to 38,940 shares.
2026-05-264Insider transaction report (Form 4)
Director Gary S. Pinkus was awarded 1,063 shares of Bloom Energy Class A Common Stock on 2026-05-21 as compensation, bringing his total ownership to 15,089 shares.
2026-05-264Insider transaction report (Form 4)
Director John T. Chambers was awarded 1,063 shares of Class A Common Stock on 2026-05-21 as compensation, bringing his total ownership to 138,887 shares.
2026-05-264Insider transaction report (Form 4)
Bloom Energy director Jim H. Snabe received a grant of 1,063 Class A shares on 2026-05-21 (an award, not a purchase), bringing his total holdings to 1,463 shares.
2026-05-264Insider transaction report (Form 4)
Director Michael J. Boskin was awarded 1,063 shares of Bloom Energy Class A Common Stock on 2026-05-21 as compensation, bringing his total holdings to 102,898 shares.
2026-05-264Insider transaction report (Form 4)
Director Eddy Zervigon received a grant (Award) of 1,063 Class A shares on 2026-05-21, unrelated to open-market buying. He now owns 72,101 shares.
2026-05-264Insider transaction report (Form 4)
Director Jeffrey R. Immelt was awarded 1,417 shares of Bloom Energy Class A common stock (a $0.00 grant, not a purchase), bringing his ownership to 231,158 shares.
2026-05-224Insider transaction report (Form 4)
Bloom Energy CFO Simon Stephen Edwards was granted 10,000 shares of Class A Common Stock on 2026-05-20 as compensation, not a purchase. He now owns 10,000 shares directly.
2026-05-214Insider transaction report (Form 4)
Bloom Energy director/CEO Sridhar KR exercised 80,000 vested RSUs, converting them into 80,000 Class A common shares (M-Exempt), leaving 2,569,869 shares owned.
2026-05-184Insider transaction report (Form 4)
Chitoori Satish, Chief Operations Officer of Bloom Energy, sold 2,111 shares of Class A Common Stock at $288.24 on 2026-05-14, leaving 210,254 shares owned afterward.
2026-05-184Insider transaction report (Form 4)
Director Mary K. Bush gifted 3,500 shares of Bloom Energy Class A Common Stock on 2026-05-14, leaving 105,024 shares owned afterward.
2026-05-184Insider transaction report (Form 4)
Bloom Energy officer Shawn Marie Soderberg sold 5,625 Class A shares in two open-market sales on May 14 and May 18 at $259.42-$288.10, leaving 135,107 shares held.
2026-05-184Insider transaction report (Form 4)
Bloom Energy's Chief Commercial Officer Aman Joshi sold 4,813 Class A shares on 2026-05-14 at $288.20 each, leaving 175,708 shares owned afterward.
2026-05-144Insider transaction report (Form 4)
Bloom Energy CAO Maciej Kurzymski was awarded 3,880 Class A shares (compensation, no cost) and separately sold 6,229 Class A shares at $293.36 each, leaving 81,945 shares owned.
Transcripts
Earnings callsFY2026 Q22026-07-28
Earnings calls
AI summary
positiveBloom Energy reported record Q2 2026 revenue of $1.065 billion, up 166% year-over-year and 42% sequentially, marking the first time the company exceeded $1 billion in quarterly revenue. Product revenue reached $935 million, representing 90% of total revenue. Gross margin expanded to 34.3%, up 604 basis points year-over-year, with product gross margin at 37.2%. Operating income surged 737% to $240 million with a 22.5% operating margin. The company raised full year 2026 revenue guidance to $3.9-4.2 billion (representing 100% growth over 2025) and non-GAAP operating income guidance to $800-900 million. CEO KR Sridhar highlighted accelerating demand in AI data centers, noting that all major U.S. hyperscalers and over a dozen neoclouds have validated Bloom's technology as their power solution. The company emphasized becoming the standard for on-site power in the AI sector in under 9 months, compared to nearly a decade for commercial and industrial markets. Brookfield expanded its financing commitment fivefold to $25 billion, with additional financing partners including IDF, Oaktree, MUFG Bank and Morgan Stanley committing $2.6 billion cumulatively. The company maintains focus on removin
Key takeaways
- Bloom achieved first $1 billion quarterly revenue milestone with 166% year-over-year growth and strong sequential growth of 42%
- All major U.S. hyperscalers and over a dozen neoclouds have validated and approved Bloom's technology, with the company becoming the standard for AI data center power in less than 9 months
- Brookfield expanded financing commitment fivefold to $25 billion, demonstrating confidence in Bloom's technology and execution, with additional major financing partners committing capital
- Full year 2026 guidance raised to $3.9-4.2 billion revenue and $800-900 million operating income, representing 100% revenue growth over 2025 and significant operating leverage
- Operating leverage is structural with revenue growing 166% while operating expenses grew only 48%, driven by largely fixed R&D and G&A infrastructure
Financial highlights
- Revenue $1.065 billion in Q2 2026, up 166% year-over-year and 42% sequentially, marking first quarter exceeding $1 billion
- Gross margin 34.3%, up 604 basis points year-over-year; product gross margin 37.2%, up 193 basis points sequentially
- Operating income $240 million, up 737% year-over-year; operating margin 22.5%, an expansion of approximately 1,536 basis points
- Non-GAAP diluted EPS $0.78, GAAP diluted EPS $0.62; adjusted EBITDA $253 million (approximately 24% of revenue)
Guidance
- Full year 2026 revenue guidance raised to $3.9-4.2 billion, representing 100% growth over 2025 revenue of approximately $2 billion at the midpoint
- Full year non-GAAP operating income guidance raised to $800-900 million, implying approximately 21% operating margin at updated revenue midpoint
- Full year gross margin expected to remain at approximately 34% on non-GAAP basis
- Full year non-GAAP diluted EPS outlook $2.55-2.85
Q&A themes
- Supply chain resilience and Bloom's ability to scale capacity without becoming a bottleneck, with fungible systems deployable across multiple sites and no single supplier or country determining destiny
- Financing partnerships and capital availability as key enablers of growth, with Brookfield's $25 billion commitment and IDF partnership of $2.6 billion supporting project deployments
- Competitive positioning versus traditional combustion turbines and reciprocating engines, with Bloom offering superior total value proposition including 800-volt DC power, environmental benefits, and time to power advantages
- Project delivery risks and contractual protections, with guidance structured on backlog conversion and time-to-power pipeline rather than dependence on individual projects
Risks
- Company guidance and backlog conversion dependent on continued AI infrastructure investment and data center development timing, which could be affected by changes in AI market dynamics
- Project delays in customer deployments could impact revenue recognition timing, though company structures contracts with flexibility for equipment redeployment and protections for financiers
- Supply chain dependencies, particularly scandium availability for fuel cell components, though company states sufficient global supply exists and maintains multiple qualified suppliers across countries
FY2026 Q12026-04-28
Earnings calls
AI summary
positiveBloom achieved record Q1 revenue of $751.1M (up 113.4% YoY) with gross margin of 31.5% and operating income of $129.7M. The company secured Oracle's Project Jupiter as sole power provider for up to 2.45 gigawatts and raised full-year 2026 revenue guidance from $3.1B-$3.3B to $3.4B-$3.8B, with gross margin expected to reach ~34%. Strong AI infrastructure demand is driving accelerating orders while the company expands manufacturing capacity continuously.
Key takeaways
- Record Q1 revenue of $751.1M with 113.4% YoY growth; product revenue reached all-time high of $653.3M
- Secured Oracle's Project Jupiter (up to 2.45 GW) as 100% Bloom solution, becoming standard for AI infrastructure power
- Raised FY2026 guidance materially to $3.4B-$3.8B revenue (80% YoY growth at midpoint) and ~34% gross margin
- Expanding manufacturing capacity continuously to 5+ gigawatts annually; can deliver orders faster than customers can build greenfield sites
- Data center backlog more than 50% from non-Oracle hyperscalers; service contracts averaging 10-15 years with 100% attach rate
Financial highlights
- Q1 revenue: $751.1M, up 113.4% YoY; product revenue $653.3M (all-time high), service revenue $61.9M
- Q1 gross margin: 31.5% (up 280 bps YoY); product margin 35.3%, service margin 18%
- Q1 operating income: $129.7M vs $13.2M prior year (up $116.5M); operating margin 17.3%
- Q1 adjusted EBITDA: $143M vs $25.2M prior year; EBITDA margin ~19%; non-GAAP EPS $0.44 vs $0.03
Guidance
- FY2026 revenue guidance raised to $3.4B-$3.8B (prior: $3.1B-$3.3B), representing 80% YoY growth at midpoint
- FY2026 non-GAAP gross margin expected to improve to ~34% (from 30% in 2025), approximately 4 points improvement YoY
- FY2026 non-GAAP operating income: $600M-$750M
- FY2026 non-GAAP fully diluted EPS: $1.85-$2.25
Q&A themes
- Supply chain and labor scaling: Company uses automation and upskills existing workforce; expects to produce 10x capacity with similar employee headcount; supply partners adopt 'Bloom way' manufacturing philosophy
- Service contract durations and pricing: Data center service contracts average 10-15 years with 100% attach rate to product sales; pricing focused on total value creation rather than competitive benchmarking against turbines/CCGTs
- Inference demand opportunity: Inference will exceed training in total gigawatt needs but distributed at network edge; community acceptance becomes critical bottleneck in dense urban areas
- Installation innovation: Achieved order of magnitude reduction in field installation time through skid-based solutions; can complete 100-megawatt projects faster than competing technologies
Risks
- Supply chain execution risk: Company acknowledges potential speed bumps in ramps but expresses confidence in ability to deliver on customer commitments through manufacturing and supplier partnerships
- International expansion delays: Action concentrated in U.S. for AI demand; European and international markets facing headwinds from natural gas issues and regulatory uncertainty, with timing uncertain
- Operating model execution: Company must sustain continuous innovation across product, manufacturing, deployment and cost reduction while scaling 5+ gigawatts annually and building new facilities beyond current capacity
FY2025 Q42026-02-05
Earnings calls
AI summary
positiveBloom achieved record financial performance in 2025 with 37.3% revenue growth to $2.0B, 30.3% gross margin, and $271.6M adjusted EBITDA, while expanding its product backlog 140% year-over-year to approximately $6B. The company is capitalizing on secular demand shifts toward on-site power from data centers and C&I customers, with over 80% of US backlog now in lower-cost states outside California and the Northeast. For 2026, Bloom guides revenue of $3.1-3.3B and adjusted EBITDA operating income of $125-475M, with plans to invest $150-200M in CapEx and expand capacity while maintaining disciplined capital deployment.
Key takeaways
- Product backlog increased 140% YoY to ~$6B with half a dozen hyperscale cloud customers vs. one a year ago; C&I backlog grew 135% YoY across telecom, manufacturing, logistics, retail, healthcare, and education verticals
- Service business achieved 20% gross margin in Q4 2025 for first time with profitable operations for eight consecutive quarters; $14B service backlog with 100% attach rate to all new product orders
- 800-volt DC technology now standard on all new servers with backward-compatible adapters; natively produces DC power eliminating need for transformers and rectifiers required by legacy solutions
- Absorption chiller capability for data centers could reduce electricity usage by at least 20% by leveraging waste heat from on-site power generation; system demonstrated operating in cooling mode at company facility
- Over 80% of US backlog now in lower-cost power states (non-California, non-Northeast) indicating geographic diversification; demonstrated 55-day delivery on hyperscale AI factory order versus 90-day commitment
Financial highlights
- Q4 2025 revenue $777.7M (+35.9% YoY); FY2025 revenue $2.0B (+37.3% YoY)
- FY2025 non-GAAP gross margin 30.3% vs. 28.7% in 2024; Q4 gross margin 31.9% vs. 39.3% prior year (impacted by project mix)
- FY2025 adjusted EBITDA $271.6M; Q4 adjusted EBITDA $146.1M vs. $147.3M in Q4 2024
- Q4 non-GAAP EPS 45¢ vs. 43¢ prior year; balance sheet ended with $2.5B total cash; operating cash flow $113.9M with CapEx $57M in Q4
Guidance
- 2026 revenue guidance $3.1B to $3.3B with non-GAAP gross margin approximately 32%
- 2026 non-GAAP operating income guidance $125M to $475M reflecting anticipated operating leverage as business scales
- 2026 capital spending expected $150M to $200M with cash flow from operations expected close to $200M
- Continued investment in R&D roadmap and commercial team expansion to capitalize on growing data center and C&I sales opportunities
Q&A themes
- Over two-thirds of C&I revenue comes from repeat customers with multiple follow-on orders; Oracle cited as example of strong customer engagement across multiple projects
- Capacity expansion decisions made on quarterly basis based on customer demand; capital-light manufacturing model with few-month return on invested capital enables rapid scaling without multiyear commitments
- Company declining to provide long-term guidance beyond 2026, citing rapid market acceleration (six-month visibility) in digital infrastructure driven by AI hyperscalers increasing CapEx by 100%+
- Pricing strategy focuses on value-based approach leveraging time-to-power, permitting ease, and lower emissions; no need to choose between growth and profitability given cost reduction initiatives and customer willingness to pay for value proposition
Risks
- Gross margin volatility expected on quarterly basis due to project mix; company managing through product cost reduction and operating expense efficiencies
- Long-term visibility limited to approximately six months due to rapid market acceleration; unable to predict market size and demand beyond that horizon
- International expansion expected to lag US by several years due to limited LNG terminal availability and infrastructure constraints in Europe and other regions
FY2025 Q32025-10-28
Earnings calls
AI summary
positiveBloom achieved its fourth consecutive quarter of record revenue with $519M in Q3 2025, up 57% YoY, while expanding gross margins to 30.4% from 25.2% YoY through continued product cost reductions and manufacturing efficiencies. The company secured major partnerships including Brookfield's $5B investment and initial Oracle deployment, establishing itself as a leading on-site power provider for AI infrastructure. Bloom expects 2025 results to exceed prior guidance and is on track to double capacity to 2 gigawatts by December 2026 to support approximately 4x current revenue growth.
Key takeaways
- Record Q3 revenue of $519M (+57% YoY) with gross margin expansion of 510 basis points to 30.4%, driven by product cost reductions and manufacturing efficiency gains
- Secured Brookfield partnership with $5B inaugural investment making Bloom the preferred on-site power provider across Brookfield's trillion-dollar infrastructure portfolio, with European AI data center announcement expected by year-end
- Established market leadership across seven AI ecosystem channels including hyperscalers (Oracle), utilities (AEP/AWS), gas providers, co-location (Equinix 100+ MW deployed), and infrastructure owners, with robust commercial pipeline accelerating across all segments
- Positive cash flow from operations of $20M in Q3, seventh consecutive quarter of service business profitability, and company-wide adjusted EBITDA of $59M versus $21M YoY
Financial highlights
- Q3 2025 revenue: $519M, up 57% YoY
- Q3 2025 non-GAAP gross margin: 30.4%, up 510 basis points from 25.2% YoY
- Q3 2025 operating income (non-GAAP): $46.2M versus $8.1M YoY; adjusted EBITDA $59M versus $21M YoY
- Q3 2025 non-GAAP EPS: $0.15 positive versus $0.01 loss YoY; cash from operations: $20M inflow; cash balance: $627M
Guidance
- Expect 2025 full year results to be better than previously stated annual guidance on financial metrics
- Capacity doubling to 2 gigawatts by December 2026 expected to support approximately 4x fiscal 2025 revenue
- Expect double-digit product cost reductions to continue, supporting path of margin accretion over time
- Annual guidance for 2026 to be provided in approximately 90 days
Q&A themes
- Commercial momentum described as accelerating across AI and traditional commercial-industrial segments, with complex multi-actor deals progressing at varying speeds
- Competitive differentiation centers on Bloom's solid-state architecture offering superior efficiency, no local air pollution, grid stabilization capabilities, load-following without batteries, and future optionality for DC power and carbon capture versus combustion-based competitors
- 800-volt DC architecture transition by 2027 represents must-have evolution where Bloom's 15-year technology roadmap uniquely enables direct high-voltage DC output, unlike legacy thermal generation requiring voltage conversion
- Modular fault-tolerant architecture supports scalability from neighborhood retail to giga-scale AI factories with no incremental scaling risk, and capacity expansion beyond 2 gigawatts proceeding with disciplined capital return analysis
Risks
- Project-based revenue subject to timing variability as customer readiness may shift installations across fiscal period boundaries, limiting Q4 guidance specificity despite manufacturing readiness
- Competitive landscape emerging with multiple on-site power solutions now competing for limited supply in high-demand market, though Bloom positioned with superior technical advantages
- CFO search ongoing with stated urgency but no rush, creating potential near-term leadership continuity questions during rapid scaling phase
FY2025 Q22025-07-31
Earnings calls
AI summary
positiveBloom Energy reported its highest revenue and most profitable second quarter in 24-year history with $401 million in Q2 revenue (up 19.5% YoY) and 28.2% gross margin (up 650 bps). The company secured a strategic partnership with Oracle to power their AI data center within 90 days and continues expanding its relationship with American Electric Power. Bloom is doubling factory capacity from 1 to 2 gigawatts by end of 2026, funded by approximately $100 million in capital.
Key takeaways
- Record Q2 2025 revenue of $401M and operating income of $28.6M with gross margin expansion to 28.2%, achieving third consecutive quarter of record profits
- Secured purchase order with Oracle to deploy Bloom systems at their AI data center within 90 days, marking first direct hyperscaler customer relationship
- Announced capacity expansion from 1 to 2 gigawatts by end of 2026, funded by ~$100M capex spread over quarters, in response to robust pipeline demand
- Service business achieved sixth consecutive quarter of profitability with margin improvement expected to continue
- Tax credit benefits reinstated through BBB legislation with safe harbor provisions allowing customers to avail of 40-50% ITC in 2025 without waiting for 2026
Financial highlights
- Q2 2025 revenue: $401M, up 19.5% year-over-year
- Q2 2025 gross margin: 28.2%, up 650 basis points from 21.8% in Q2 2024
- Q2 2025 operating income: $28.6M vs. $3.2M loss in Q2 2024
- Q2 2025 non-GAAP adjusted EBITDA: $41.2M vs. $10.2M in Q2 2024; EPS: $0.10 vs. loss of $0.06 year-ago
Guidance
- 2025 revenue guidance: $1.65B to $1.85B (reiterated)
- 2025 non-GAAP gross margin: approximately 29%
- 2025 non-GAAP operating income: $135M to $165M
- Expected positive operating cash flow around same level as fiscal 2024; CapEx expected at same level as fiscal 2024
Q&A themes
- Oracle partnership represents first direct hyperscaler customer and is significant scale deployment with 90-day timeline and load-following capability
- AEP AWS and Coralogix Ohio deployments are part of existing 100MW purchase order, with additional 900MW in pipeline
- Combined Heat and Power solution is generating strong customer interest, with customers seeking quick deployment first then CHP retrofit capability later
- Modular skid-based deployment enables temporary power and flexible redeployment across data center locations, attractive for both hyperscalers and industrial customers
Risks
- Revenue timing uncertainty due to customer readiness on greenfield projects and infrastructure dependencies (gas connection, permits, grid connections) despite strong underlying demand
- Tax credit changes under BBB legislation reduce subsidy levels from 40-50% to flat 30% ITC, though company expects to maintain margins through cost reductions
- Capacity expansion execution risk to meet accelerated AI industry timelines while managing manufacturing supply chain and equipment readiness
FY2025 Q12025-04-30
Earnings calls
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.Company data
Company intelligence
Updated: Nov 13, 2026, 02:01 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Chief executive
- K. R. Sridhar
- Employees
- 2,214
- IPO date
- Jul 25, 2018
- Country
- US
- Exchange
- New York Stock Exchange
Altman Z-scorei13.35
Piotroski scorei5/9
Overall ratingiC+
Owner earningsi$511.25M$1.58 per share
ESG risk ratingiB+Industry rank: 8/74
Rating factors
- Return on equityi
- 4/5
- Return on assetsi
- 5/5
- Debt to equityi
- 1/5
- Price to earningsi
- 1/5
- Price to booki
- 1/5
Company press releases
Oracle Unveils Fusion Claw + Expands Agentic Applications: NYSE Content UpdatePRNewsWireBronstein, Gewirtz & Grossman LLC Urges Bloom Energy Corporation Investors to Act: Class Action Filed Alleging Investor HarmGlobeNewsWireBE CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Bloom Energy (BE) Investors of Securities Class Action Lawsuit Deadline on September 28, 2026Business WireBE Investors Have Opportunity to Lead Bloom Energy Corporation Securities Fraud Lawsuit with SBS LawBusiness WireBE Investors Have Opportunity to Lead Bloom Energy Corporation Securities Fraud Lawsuit with SBS LawPRNewsWireBloom Energy Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - BEPRNewsWire
Congressional disclosures
House
Ro KhannaPurchase · $1,001 - $15,000Disclosed: Nov 9, 2026Ro KhannaPurchase · $1,001 - $15,000Disclosed: Nov 9, 2026Ro KhannaPurchase · $1,001 - $15,000Disclosed: Oct 9, 2026Nancy PelosiPurchase · $500,001 - $1,000,000Disclosed: Aug 24, 2026Nancy PelosiPurchase · $500,001 - $1,000,000Disclosed: Aug 24, 2026
Market cap history
$59.52B-12.3%Aug 2026 – Nov 2026
Latest: $59.52B · 2026-11-12High: $82.35B · 2026-10-05Low: $57.15B · 2026-11-09
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| CCIZX | 7.53% | 10.5M |
| ANNPX | 0.96% | 10.4M |
| VTI | 0.08% | 8.6M |
| AIO | 1.1% | 6.2M |
| VO | 0.53% | 5.8M |
| NJM | 1.86% | 5.1M |
| IVV | 0.12% | 3.9M |
| 1557.T | 0.12% | 3.6M |
| SPY | 0.13% | 3.6M |
| VXF | 0.64% | 3M |
| VUG | 0.16% | 3M |
| NCV | 0.67% | 2.8M |
Analyst track record
How the analysts covering BE have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 147 | 399 |
| Analysts | 28 | 36 |
| Buy / hold / sell | 67 / 75 / 5 | 192 / 181 / 26 |
| Upgrades / downgrades / initiations | 6 / 1 / 7 | 13 / 13 / 14 |
| Price targets hit / missed | 47 / 95 (33%) | 276 / 95 (74%) |
| Avg. return after a rating (TipRanks) | +1.5% | +543.0% |
| Best / worst call | +417.8% / -42.5% | > +1,000% / -42.5% |
After buy calls on this stock: median 21-day move +7.3% vs S&P 500 +3.8% (n = 191)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Chris DendrinosRBC Capital100% hit rate on this stock · 25 targets measuredBuytarget $335Nov 9, 2026
- Gregory LewisBTIG100% hit rate on this stock · 13 targets measuredBuytarget $250Oct 23, 2026
- Ben KalloRobert W. Baird100% hit rate on this stock · 10 targets measuredBuytarget $351Oct 15, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 9, 2026 | Chris DendrinosRBC CapitalNov 9, 2026 | BuyMaintained | $335 | |
| Nov 3, 2026 | Christine Cho CFABarclaysNov 3, 2026 | BuyUpgraded | $289↗ | article ↗ |
| Nov 1, 2026 | Sunaina OcalanBernsteinNov 1, 2026 | HoldMaintained | $306↗ | article ↗ |
| Oct 30, 2026 | Vikram BagriCitiOct 30, 2026 | HoldMaintained | $284↗ | article ↗ |
| Oct 28, 2026 | Christine Cho CFABarclaysOct 28, 2026 | HoldMaintained | $316↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 13, 2026 · 147 ratings
Frequently asked questions
Where can I trade BE perpetual futures?
Bloom Energy Corporation (BE) perpetual futures trade on 23 crypto venues, including Binance, XT.com, Deepcoin. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade BE around the clock?
Yes. Unlike the underlying stock, BE perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on BE perpetuals?
Right now the BE perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +5.5% across 23 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the BE perp price compare to the Bloom Energy Corporation stock?
The venue-median BE perp mark is $187.5 versus a reference stock price of $187.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a BE perpetual future?
A BE perpetual is a derivative that tracks the price of Bloom Energy Corporation with no expiry date. It lets you take long or short exposure to Bloom Energy Corporation on crypto venues, around the clock.
What is BEUSDT perpetual?
BEUSDT is the symbol most crypto exchanges use for the Bloom Energy Corporation perpetual settled in USDT (Tether). It tracks the BE share price through an index, trades 24/7 with leverage and never expires.
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