Key Takeaways
- Bloom Energy rose 13% in the past week, with Vertiv and Oracle, after CoreWeave and Constellation Energy raised their 2026 guidance.
- Bloom had no news of its own, and with its orders and rising estimates intact, the bounce looks like it has further to go.
- The stock trades well below its usual forward P/E, though negative free cash flow is the risk to watch.
Bloom Energy (BE) is up 13% in the past week with no news of its own. AI power stocks sank after the midterms, and investors came back once CoreWeave (CRWV) and Constellation Energy showed the data-center buildout is still on.
Vertiv (VRT) rose on the same relief, as did Oracle (ORCL), the customer behind Bloom’s biggest order.
The buildout is still on
Constellation beat estimates and raised its 2026 guidance before Monday’s open, easing fears for power suppliers. That day, RBC Capital analyst Chris Dendrinos kept his Outperform rating and $335 target on Bloom: “We do not think datacenters are dead.”
After Tuesday’s close, CoreWeave beat estimates and raised its 2026 revenue guidance to a range of $13.0 billion to $13.3 billion. It also raised the low end of its 2026 capital spending range to $37 billion, keeping the top at $39 billion. Bloom was among the power stocks that rallied on the news.
That spending reaches Vertiv too, up 14% in the past week. On Oct. 28, it reported third-quarter net sales up 61% to $4.31 billion, with organic orders more than doubling, and raised its 2026 guidance. Its next report, early next year, will show whether budgets like CoreWeave’s keep those orders climbing.
TIKR tracks 29 analysts on Bloom Energy. How many say “Buy”?
See the full breakdown of Buy, Hold, and Sell ratings on Bloom Energy, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. See Bloom Energy’s Analyst Ratings
Bloom’s orders never went away
Bloom’s customers kept signing. NTT DATA agreed on Nov. 5 to 900 megawatts of its on-site power, on top of Oracle’s 2.8-gigawatt deal. Oracle, up 7% in the past week, is the one to watch: its data-center build left it with negative free cash flow of $5 billion in the three months to Aug. 31, and its mid-December report will show whether it’s keeping that pace.
Analysts kept raising estimates, too. Consensus normalized EPS for 2027 rose to $5.32 from $4.88 in the 30 days to Nov. 10. Meanwhile, 2028’s $8.24 is more than 10 times 2025’s $0.76:
Well under its usual multiple
Bloom still trades at a little over 40x forward earnings, against a three-year average of about 75x.
The catch is cash. Bloom burned it for years before turning free-cash-flow positive in 2024:
Then it swung to negative $181 million in the third quarter of 2026. That came as revenue Bloom had booked but not yet billed climbed to $858.6 million.
I think the bounce has further to go, since investors are still paying far less than usual for estimates that keep climbing. It’ll swing with every AI headline in the meantime, and Bloom’s fourth-quarter report in early 2027 needs to show cash coming in.
So what is Bloom Energy stock actually worth?
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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 of the stocks mentioned. Thank you for reading, and happy investing!
