Bloom Energy Corporation Class A Common Stock (BE) fair value
Industrials · Electrical Equipment & Parts · NYSE · United States
$193.30-11.24%
Market cap $56.9BNext earnings 2026-10-22Updated Oct 23, 2026
Our verdict
Trades 230% above our fair value
Price
$193.30
Model fair valueConfidence: medium
$58.65
Only one of our models could value this stock with confidence, so use it as a guide.
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Valued as a growth company: Discounted cash flow and P/E comparison.
ACCE opinionBloom Energy Corporation Class A Common Stock (BE)
Fair value (2 models)
Not available
ACCE price target
$194
Rating
Not rated
Horizon
12 months
ACCE price target published on 18 Oct 2026, 00:00 CEST; previously $185 since 14 May 2026, 00:00 CEST.
Price used: $193 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
49
out of 100
Analysts
52% buy
29 covering
P/E
254.3x
forward 39.1x
1-year return
+90.6%
Dividend yield
0.00%
Bloom Energy Corporation Class A Common Stock in four questions
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Overview
ACCE thesis
Bloom Energy builds solid oxide fuel cells, the Bloom Energy Server, which convert natural gas or hydrogen into electricity on site and are sold to data centers, utilities and industrial customers as an alternative to grid connection. The structural case rests on power scarcity: AI data centers are waiting years for grid interconnects, and on-site generation that can be deployed in months is a credible answer to that bottleneck. Revenue growth of 165.5% is the headline, and with a 31.7% gross margin and 17.1% operating margin the business is now converting that volume into profit rather than just booking it. The valuation is the central debate, with a trailing P/E of 291.2 compressing to a forward P/E of 57.1, which means earnings have to rise sharply to justify the current price. For a concentrated portfolio this is a name worth a deeper look on the data-center power theme, with the question being whether margins keep expanding as deployments scale.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Valuation disconnect from fundamentals
Current price $280.50 vs ACCE fair value $185.00 (51% premium). P/E 369 and EV/EBITDA 192 are extreme multiples for a company with 7.9% net margin and slowing earnings growth.
high
Earnings collapse masked by revenue growth
Revenue up 165.5% YoY but earnings down 98.8%. Suggests margin compression or one-time charges eroding profitability despite strong top-line momentum.
moderate
High leverage with execution risk
Debt/Equity 1.72 is elevated. Combined with rapid growth dependency and recent earnings volatility, leaves limited buffer for operational missteps.
moderate
Insider selling without offsetting buys
Last 10 disclosures show $13.22M in sales and $0 in buys. Suggests insiders see limited upside at current valuations.
AI research notes
AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue surged 165.5% year over year, and the company just beat earnings expectations by 165.2%, signaling real demand acceleration.
Free cash flow of $532M and a 22.2% return on equity show the business generates cash and deploys capital efficiently.
Analysts rate 52% of coverage Buy or Strong Buy, with mean price target only 1.2% above current price, implying limited downside.
Why it could disappoint
Debt to equity of 1.72 combined with free cash flow yield of only 0.6% leaves little room for refinancing risk.
The stock price implies perpetual cash flow growth of 10.5% when the 5-year average is 19.1%, yet valuation assumes no deceleration.
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Valuation
INVESTOR
Where BE's valuation models land
Price
$193.30
Model fair valueConfidence: medium
$58.65
Model
Fair value
Upside
Discounted cash flow
P/E comparison
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