OverviewSuggest Edit

Bloom Energy is a company that designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. It develops Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company serves a range of industries, including banking and financial services, cloud services, technology and data centers, communications and media, consumer packaged goods and consumables, education, government, healthcare, hospitality, logistics, manufacturing, real estate, retail, and utilities.

TypePublic
Founded2001
HQSan Jose, CA, US
Websitebloomenergy.com
Employee Ratings3
Overall CultureB-

Latest Updates

Employees (est.) (Dec 2019)1,252(-17%)
Revenue (FY, 2020)$794.2 M(+2%)
Share Price (Mar 2021)$30.4 (+7%)
Cybersecurity ratingCMore

Key People/Management at Bloom Energy

KR Sridhar

KR Sridhar

Founder and Chairman, Chief Executive Officer
Greg Cameron

Greg Cameron

Executive Vice President and Chief Financial Officer
Susan Brennan

Susan Brennan

Executive Vice President, Chief Operations Officer
Venkat Venkataraman

Venkat Venkataraman

Executive Vice President of Engineering, Chief Technology Officer
Sharelynn Moore

Sharelynn Moore

Executive Vice President & Chief Marketing Officer
Shawn Soderberg

Shawn Soderberg

Executive Vice President, General Counsel and Secretary
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Bloom Energy Office Locations

Bloom Energy has offices in San Jose, Newark, Bengaluru, Mumbai and in 2 other locations
San Jose, CA, US (HQ)
4353 N 1st St
Newark, DE, US
200 Christina Pkwy
Bengaluru, IN
North Block, III Floor, IT/BT Park, Rajajinagar Industrial Estate
Mumbai, IN
247, B-block, 7th Floor, LBS Marg, Gandhinagar, Vikhroli (west)
Tokyo, JP
Tokyo Shiodome Building 9-1 Higashi Shimbashi 1-chome
Seoul, KR
13 Fl, 416 Hangang-daero, Hoehyeon-dong, Jung-gu
Show all (6)

Bloom Energy Financials and Metrics

Bloom Energy Revenue

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Bloom Energy's revenue was reported to be $794.25 m in FY, 2020
USD

Revenue (FY, 2020)

794.2m

Gross profit (FY, 2020)

165.8m

Gross profit margin (FY, 2020), %

20.9%

Net income (FY, 2020)

(179.1m)

EBIT (FY, 2020)

(80.8m)

Market capitalization (1-Mar-2021)

5.0b

Closing stock price (1-Mar-2021)

30.4

Cash (31-Dec-2020)

246.9m

EV

5.0b
Bloom Energy's current market capitalization is $5 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

376.0m742.0m785.2m794.2m

Revenue growth, %

80%97%6%

Cost of goods sold

394.0m625.0m687.6m628.5m

Gross profit

(18.0m)117.1m97.6m165.8m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

103.8m220.7m202.8m246.9m

Accounts Receivable

30.3m84.9m37.8m99.5m

Prepaid Expenses

26.7m33.7m28.1m30.7m

Inventories

90.3m132.5m109.6m142.1m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(262.6m)(259.5m)(323.5m)(179.1m)

Depreciation and Amortization

46.2m43.5m78.6m52.3m

Inventories

(7.1m)(42.2m)18.4m(33.0m)

Accounts Payable

7.1m18.3m(11.3m)(620.0k)
Quarterly
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Bloom Energy Operating Metrics

Bloom Energy's Enterprise Customers was reported to be 71 in Jan, 2018.
FY, 2015Q2, 2017Q3, 2017Jan, 2018Q1, 2018FY, 2018FY, 2019

Additional Product Sales Backlog, MW

87.90 m87.10 87.10 108.20 138.40 198

Enterprise Customers

71

Patents (Foreign)

60 77 80 90 110 124

Patents (US)

147 190 195 209 224 240
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Bloom Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
2012 V PPA Holdco, LLC
2013B ESA Holdco, LLC
2014 ESA HoldCo, LLC
2015 ESA HoldCo, LLC
BE Development, Inc.
Bloom Energy 2009 PPA Portfolio Holding Company, LLC
Bloom Energy (India) Put. Ltd.
Diamond State Generation Holdings, LLC

Bloom Energy Revenue Breakdown

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Bloom Energy revenue breakdown by business segment: 9.1% from Electricity, 12.2% from Service, 7.7% from Installation and 71.0% from Product

Bloom Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

Bloom Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Bloom Energy Online and Social Media Presence

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Bloom Energy Company Culture

  • Overall Culture

    B-

    73/100

  • CEO Rating

    A+

    87/100

  • Compensation

    B-

    73/100

Learn more on Comparably

Bloom Energy News and Updates

: Bloom Energy stock declines on quarterly loss

Bloom Energy Corp. BE shares declined in the extended session Wednesday after the clean-energy company’s bottom-line results came in below Wall Street expectations. Bloom shares shed 4% after hours, following a 1% decline in the regular session to close at $41.41. The company reported a fourth-quar…

Nio's ADRs hit record closing high, Bloom Energy stock gains nearly 4%

Shares of China-based electric-vehicle maker Nio Inc. and alternative-energy company Bloom Energy Corp. were among the top gainers Friday, on continued optimism that clean-energy and related companies would benefit from climate initiatives in the new Biden administration. Nio's American depositary…

Pick Bloom Energy Over FuelCell Energy To Play The Fuel Cell Space?

The stocks of hydrogen and fuel cell makers fared well last year, driven by increasing interest in clean energy, the recent extension of tax credits for fuel cell projects, and the election of Democrat Joe Biden to the U.S. presidency – who has proposed to spend as much as $2 trillion on fighting...

Bloom Energy stock falls 13% after company's Q3 sales disappoint

Shares of Bloom Energy Corp. fell more than 13% in the extended session Thursday after the alternative-energy company reported a narrower-than-expected adjusted loss for its third quarter but sales fell short of forecasts. Bloom said it lost $12 million, or 9 cents a share, in the quarter, compared…

SoCalGas Now Powering Two Los Angeles Facilities with Bloom Energy AlwaysON Microgrids

LOS ANGELES and SAN JOSE, Calif., July 17, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced it has begun powering two of its largest Los Angeles-area facilities with Bloom Energy (NYSE: BE) solid oxide fuel cells. The switch to fuel cells will reduce greenhouse...

Bloom Energy just revealed its plan to take on a $145 billion energy market, and Morgan Stanley says it creates a fresh opportunity for the fuel-cell pioneer

The fuel-cell giant Bloom Energy, known for its batterylike energy servers that power buildings, is taking aim at the global hydrogen market, a buzzy industry that has long drawn investor interest
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Bloom Energy Blogs

Bloom Energy Corporation Prices Upsized $200.0 Million Green Convertible Senior Notes Offering

San Jose, Calif., August 6, 2020 - Bloom Energy Corporation (NYSE: BE) today announced the pricing of its offering of $200.0 million aggregate principal amount of 2.50% green convertible senior notes due 2025 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144…

Bloom Energy Announces Fourth Quarter 2019 Financial Results

Revenue of $213.8 million, an increase of 35.8% versus Q418 386 Acceptances, 50.2% higher than Q418 Expanded product and installation backlog to 1,983 systems at year end, a 43.3% increase from FY18 SAN JOSE, CA, March 16, 2020 -- Bloom Energy Corporation (NYSE: BE) today announced financial resul…

Bloom Energy Provides Update on Timing of Fourth Quarter and Full Year 2019 Earnings Report and Announces Restatement of Certain Financial Statements

Earnings Conference Call to be Held on or Before March 16, 2020  SAN JOSE, Calif., (February 12, 2020) – Bloom Energy (NYSE: BE) today announced that the Company expects to present its fourth quarter and full year results on or before March 16, 2020 and to file its Annual Report on Form 10-K for th…

Michael J. Boskin

Tully M. Friedman Professor of Economics and Wohlford Family Senior Fellow, Hoover Institution Stanford University Michael J. Boskin is the Tully M. Friedman Professor of Economics and Wohlford Family Senior Fellow, Hoover Institution. He is also Research Associate, National Bureau of Economic Rese…

Bloom Energy Frequently Asked Questions

  • When was Bloom Energy founded?

    Bloom Energy was founded in 2001.

  • Who are Bloom Energy key executives?

    Bloom Energy's key executives are KR Sridhar, Greg Cameron and Susan Brennan.

  • How many employees does Bloom Energy have?

    Bloom Energy has 1,252 employees.

  • What is Bloom Energy revenue?

    Latest Bloom Energy annual revenue is $794.2 m.

  • What is Bloom Energy revenue per employee?

    Latest Bloom Energy revenue per employee is $634.4 k.

  • Who are Bloom Energy competitors?

    Competitors of Bloom Energy include Joi Scientific, Ceres and Ballard Power Systems.

  • Where is Bloom Energy headquarters?

    Bloom Energy headquarters is located at 4353 N 1st St, San Jose.

  • Where are Bloom Energy offices?

    Bloom Energy has offices in San Jose, Newark, Bengaluru, Mumbai and in 2 other locations.

  • How many offices does Bloom Energy have?

    Bloom Energy has 6 offices.