Key Stats for Bloom Energy Stock
- Current Price: $184.89
- Target Price (Mid): ~$1,475
- Street Target: ~$286
- Potential Total Return: ~700%
- Annualized IRR: ~60% / year
- Max Drawdown: 46.54% (July 24, 2026)
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What Happened?
Bloom Energy (BE) has guided investors to $3.4 billion to $3.8 billion of revenue this year. It has never produced a quarter above $777.68 million. Those two facts meet on July 28, when second quarter results arrive after the close.
Shares fell 14.91% on July 24 to $184.89, extending a 39% decline since June 30. The arithmetic waiting on the other side of the print did not move with the price.
The Guide Needs $950 Million Quarters. The Biggest One So Far Was $778 Million.
Simon Edwards, Chief Financial Officer, framed April’s raise this way: “After a strong start to the year, and anticipating that Q2 revenue should be at least as good as Q1, we are raising our fiscal 2026 guidance to new levels.” The range moved to $3.4 billion to $3.8 billion from $3.1 billion to $3.3 billion.
Run it forward. With $751.05 million booked in the first quarter, the $3.6 billion midpoint requires an average near $950 million across each of the three remaining quarters. That sits about 22% above the largest quarter Bloom has ever recorded, the $777.68 million it posted in the fourth quarter of 2025. The bottom of the range still needs roughly $883 million a quarter, and analyst estimates for the year of around $3.7 billion push the required average close to $1.0 billion.
Now the part that cuts the other way. Bloom’s revenue lands heavily at the end of the year: the fourth quarter of 2025 alone accounted for 38% of full-year revenue and came in 2.4 times larger than that year’s first quarter. Repeat that shape on a first quarter of $751.05 million, and the full year clears the top of the guide comfortably. Management has not guided to that, and the revenue mix is shifting from commercial installations toward multi-gigawatt data center projects with different delivery timing, so history is a reference point rather than a forecast.
Founder, Chairman and Chief Executive Officer K.R. Sridhar has told investors where he believes the constraint sits: “today, we are not order-constrained and not capacity-constrained. The pace of our revenue growth is decided by how fast our customers can build their greenfield sites, not how fast we can power them.” He also flagged what governs conversion speed, describing “close to an order of magnitude reduction in the field time that it takes for us to be able to install our systems.”
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Two Target Hikes on July 22 and 23, Then a 15% Drop on July 24
The days before the decline ran the other way. JPMorgan raised its target to $346 from $267 while keeping an Overweight rating. RBC reiterated Outperform at $335 on July 23 after EdgeMode announced two 1.2-gigawatt data centers in Panama, built on solid oxide technology.
Read the second one carefully. Reporting on the announcement indicates EdgeMode identified the technology rather than the supplier, with RBC treating Bloom as the logical candidate. That is an analyst inference, not a contract.
Shares closed July 23 at $217.30 before the next session took the move back. The Street’s mean target of around $286 still implies roughly 55% upside, though the figure has followed the share price rather than led it. That same mean sat at $22.89 in mid-2025. Ratings are more divided than the targets suggest, with 9 Buys and 5 Outperforms against 13 Holds, 1 Underperform, 1 Sell, and 1 with no opinion.
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TIKR Advanced Model Analysis
- Current Price: $184.89
- Target Price (Mid): ~$1,475
- Potential Total Return: ~700%
- Annualized IRR: ~60% / year
See analysts’ growth forecasts and price targets for Bloom Energy stock (It’s free!) >>>
This is the mid-case, realized at the end of 2030. The model’s assumption band is published on a longer horizon than that target: through 2035, the mid case carries a 39.3% net income margin, against the roughly 29% analysts currently model for 2030. That margin assumption is what the output rests on.
- Revenue driver one: conversion of contracted data center capacity into recognized revenue, which Sridhar ties to customer site readiness rather than Bloom’s own throughput.
- Revenue driver two: the service business attached to every product sale, which compounds as installed systems accumulate.
- Margin driver: factory leverage from continuous capacity additions and automation.
- Primary risk: the multiple, since the model assumes a 73x forward earnings premium erodes gradually rather than resets.
Convert backlog on schedule, and the compounding gets large quickly. Let installations slip or let the multiple fall toward GE Vernova’s 47x, and the same model lands far closer to the Street’s ~$286 mean.
Conclusion
Watch cash before revenue. Bloom generated $73.6 million from operations in the first quarter against a consensus expecting a $298.5 million outflow, helped by a step change in profitability, strong collections, and customer prepayments to reserve capacity. Edwards was direct about the pressure ahead: “That growth requires upfront working capital to support higher production and deliveries.”
Good looks like revenue at or above the first quarter’s $751.05 million, with the $3.4 billion to $3.8 billion range intact and delivery timing attached. Bad looks like an in-line quarter with the range trimmed toward the low end, dropping the required run rate toward $883 million and conceding that the year-end concentration will not be enough.
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Should You Invest in Bloom Energy?
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Pull up Bloom Energy, and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
