CK Capital
Defense/Space/Tech/Photonics Investor, Co-Owner of CV Research
Bloom Energy is the speed trade on AI's power bottleneck: its modular solid oxide fuel cells deploy in about 90 days, while grid connections take eight years, turbines ordered today arrive in 2030 and large transformers take up to four years. Full-year revenue guidance rose to $3.9–4.2B from $3.1–3.3B originally, and earnings guidance rose 92% to $2.55–2.85. Service margins topped 20% for the first time, making the recurring stream profitable on its own and raising the installed base's value. x.com
Bloom Energy looks more appealing after beating earnings estimates by a wide margin while trading at about 55 times earnings near $200. The market paid $350 in June, but the company now earns far more than expected despite a 33% share-price drawdown. x.com
Bloom Energy's repeated revenue and EBITDA beats suggest its pullback will give way to another run soon. It raised 2026 guidance for the third time. Morgan Stanley raised its target to $335 and says Bloom targets revenue growth well above 100%, with backlog growing faster than sales and a path to more than 5 GW of capacity. x.com
Bloom Energy's demand may not become revenue when customers struggle to secure financing. Capital is difficult to raise in this climate; a reading of management's AI discussion also points to permitting, local opposition and customer credit as obstacles despite robust demand. Even after good earnings, the shares did not look very bullish. x.com x.com
Bloom Energy's results show hyperscalers paying for faster data-center power sooner than modeled. Revenue hit $1.24B versus $1.05B expected, and 2026 guidance rose to $4.4-4.6B; S&P 500 inclusion brings index buying. Operating cash flow was slightly negative as capacity expands. Bloom is not cheap after a 160% run and expectations are high. Overweight, $334 target with 40% stated upside. x.com x.com
Bloom Energy delivered an excellent quarter with clear fundamental improvements, but too much fear in the market is stopping a post-earnings move from starting a new uptrend. Like Solaris Energy Infrastructure, it needs to consolidate first, and it should get there. x.com
Bad macro conditions mean even Bloom Energy's strong growth is not enough for the stock right now. Wall St Engine reports Q3 revenue rose 138.1% year over year. x.com
Bloom Energy could look cheap if it hits its revenue targets amid exploding demand for on-site power. Revenue is projected at $4.5B in 2026 and $16B by 2029, implying 3.5x 2029 sales at a $56B market cap. It ranks alongside Forgent Power Solutions, perhaps better, as a buy at current levels. x.com x.com
Bloom Energy's cash burn reflects working capital outrunning collections, not necessarily a broken business, and should normalize. Revenue rose 138% to $1.23B and guidance increased, but operating cash flow was negative $27M as receivables used $605M and inventory used $170M. Unearned revenue rose $309M as customers paid upfront. @TheWiseIC and @Dillon_Valdez raised financing risks for neocloud projects; that risk was known before earnings and is not the likely cause of the selloff. x.com x.com … Show more
Bloom Energy's revenue is growing faster than cash collection. Q3 sales reached $1.24bn and the 2026 guide rose to $4.4-4.6bn, yet operating cash flow was -$27m despite $309m from customer deposits and deferred revenue. Contract assets rose $430m in the quarter and from $241m to $859m year to date. Its largest customer fell to 43% of revenue, but the second, at 26%, is a related party. Management calls the cash gap billing timing; Q4 cash flow tests that explanation. x.com x.com x.com
Bloom Energy alone can solve the electricity shortage for now. That warrants a high P/E, and its growth should be even stronger than the market expects. x.com