BE — Bloom Energy Corporation
Industrials · Electrical Equipment & Parts
About Bloom Energy Corporation
Bloom Energy Corporation designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. It offers Bloom Energy Server, an energy server platform to convert fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through a non-combustion electrochemical process. The company also provides Bloom Electrolyzer for producing hydrogen. It sells its products through direct and indirect sales channels to utilities, data centers, retail, healthcare, education, telecom, manufacturing, and other industries. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.
Grid, storage & electrification
After twenty years of flat demand, US electricity load is growing again — AI data centers, electrification and reshored factories all want power at once — and this bucket owns the equipment that has to be built for that to happen: GE Vernova's turbines and grid gear, Eaton's electrical systems, Vertiv's data-center power and cooling, Quanta's transmission crews, plus battery and fuel-cell players (Fluence, Eos, Bloom). The tell for these businesses is the backlog: orders stretch years out, and the market prices the growth long before revenue lands. That is also the risk — several names here re-rated hard on the AI power story and now carry expectations to match. Watch backlog growth and margins, and remember this bucket overlaps with the AI trade and can sell off with it. Bloom Energy sells fuel cells for on-site power — a way for data centers to skip the grid-connection queue.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | BE |
| Company | Bloom Energy Corporation |
| Price | $205.81 |
| Market cap | $60.6B |
| Sector / industry | Industrials / Electrical Equipment & Parts |
| Analyst mean target | $274 (26 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~15%/yr earnings growth (moderate), on a reverse-DCF of forward earnings ($4.90). Run your own assumptions in the fair-value calculator.
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