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Bloom Energy

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 broad 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, USMap
Websitebloomenergy.com
Employee Ratings3.3More
Culture scoreCMore
View Jobs (26)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)1,524(+9%)
Job Openings26
Revenue (FY, 2019)$785.2 M(+6%)
Share Price (May 2020)$7.9

Key People/Management at Bloom Energy

KR Sridhar

KR Sridhar

Founder and Chairman, CEO
Susan Brennan

Susan Brennan

Executive Vice President, Chief Operations Officer
Venkat Venkataraman

Venkat Venkataraman

Executive Vice President of Engineering, Chief Technology Officer
Matt Ross

Matt Ross

Executive Vice President, Chief Marketing Officer
Shawn Soderberg

Shawn Soderberg

Executive Vice President, General Counsel and Secretary
Chris White

Chris White

Executive Vice President, Chief Sales Officer
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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, US (HQ)
4353 N 1st St
Newark, US
200 Christina Pkwy
Bengaluru, IN
North Block, III Floor, IT/BT Park, Rajajinagar Industrial Estate
Mumbai, IN
Hindustan C. Bus Stop, LBS Rd, 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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View revenue for all periods
Bloom Energy's revenue was reported to be $785.18 m in FY, 2019
USD

Revenue (Q1, 2020)

156.7m

Gross profit (Q1, 2020)

19.9m

Gross profit margin (Q1, 2020), %

12.7%

Net income (Q1, 2020)

(81.6m)

EBIT (Q1, 2020)

(46.4m)

Market capitalization (22-May-2020)

1.0b

Closing stock price (22-May-2020)

7.9

Cash (31-Mar-2020)

180.3m

EV

851.6m
Bloom Energy's current market capitalization is $1 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

172.9m208.5m376.0m742.0m785.2m

Revenue growth, %

21%80%97%

Cost of goods sold

354.6m312.0m394.0m625.0m687.6m

Gross profit

(181.7m)(103.5m)(18.0m)117.1m97.6m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

38.8m52.5m51.9m72.2m86.8m93.8m169.4m168.9m190.2m200.7m233.8m233.5m156.7m

Cost of goods sold

64.5m66.1m95.5m81.4m92.6m108.9m125.7m136.1m166.8m185.0m192.1m180.0m136.8m

Gross profit

(25.6m)(13.5m)(43.6m)(9.2m)(5.8m)(15.1m)43.7m32.8m23.4m15.8m41.7m53.5m19.9m

Gross profit Margin, %

(66%)(26%)(84%)(13%)(7%)(16%)26%19%12%8%18%23%13%
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Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

135.0m156.6m103.8m220.7m202.8m

Accounts Receivable

34.5m35.2m30.3m84.9m37.8m

Prepaid Expenses

16.2m23.4m26.7m33.7m28.1m

Inventories

82.9m83.2m90.3m132.5m109.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

88.2m91.6m395.5m320.4m308.0m226.5m180.3m

Accounts Receivable

58.5m36.8m41.5m84.1m38.3m26.7m35.7m

Prepaid Expenses

27.8m23.0m32.9m28.4m25.1m25.6m25.0m

Inventories

97.1m136.4m134.7m116.5m104.9m140.4m107.2m
show all
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(341.0m)(279.7m)(262.6m)(259.5m)(323.5m)

Depreciation and Amortization

39.0m45.3m46.2m43.5m78.6m

Inventories

34.0m(209.0k)(7.1m)(42.2m)18.4m

Accounts Payable

1.9m4.8m7.1m18.3m(11.3m)
Quarterly
USDQ1, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(59.5m)(17.7m)(63.4m)(155.0m)(88.3m)(155.5m)(195.4m)(81.6m)

Depreciation and Amortization

11.9m10.8m21.6m32.1m11.3m31.0m55.8m13.0m

Inventories

(29.1m)(6.8m)(46.2m)(44.5m)15.9m27.5m(7.9m)2.1m

Accounts Payable

(2.4m)(827.0k)5.2m11.2m(2.5m)(5.5m)14.2m4.8m
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USDY, 2020

EV/EBIT

-18.4 x

EV/CFO

-30.5 x

Financial Leverage

-3.9 x
Show all financial metrics

Bloom Energy Operating Metrics

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

Additional Product Sales Backlog, MW

87.90 m87 87 108 138

Enterprise Customers

71

Patents (Foreign)

60 77 80 90 110

Patents (US)

147 190 195 209 224
Show all operating metrics

Bloom Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
2012 V PPA Holdco, LLC
2013B ESA Holdco, LLC
2014 ESA HoldCo, LLC
2015 ESA HoldCo, LLC
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: 7.5% from Electricity, 11.1% from Service, 12.3% from Installation and 69.0% from Product

Bloom Energy Online and Social Media Presence

Bloom Energy's Trends

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Bloom Energy Company Culture

  • Overall Culture

    C

    67/100

  • CEO Rating

    A

    80/100

  • Compensation

    C

    67/100

Learn more on Comparably

Bloom Energy News and Updates

March 16, 2020

Bloom Energy stock falls 15% after quarterly results

Shares of Bloom Energy Corp. fell more than 15% in the extended session Monday after the alternative-energy company reported a wider-than-expected GAAP loss in the fourth quarter and sales that missed expectations. Bloom said it lost $67.1 million in the fourth quarter, or 57 cents a share, which i…
March 09, 2020

Bloom Energy blew through billions promising cheap, green tech that falls short

Comments
February 20, 2020

Bloom Energy stock falls after Raymond James downgrade

Shares of Bloom Energy Corp. are off 5% in premarket trading Thursday after a downgrade to market perform from outperform at Raymond James. Analyst Pavel Molchanov called the rating change a "straightforward valuation-based downgrade" following Bloom Energy's nearly 90% rally so far in 2020. "While…
February 13, 2020

Bloom Energy stock downgraded at KeyBanc on concerns restatements will create overhang

Bloom Energy Corp. stock was downgraded to sector weight from overweight on Thursday, with analysts wary of the volatility expected to follow news of a major restatement of financials late Wednesday. The fuel-cell company said it expects to restate results dating back to 2016 because of an accounti…
February 13, 2020

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Bloom Energy (BE) Investors Who Suffered Significant Losses to Contact Firm Now, BE Admits Improper Accounting

SAN FRANCISCO, Feb. 12, 2020 /PRNewswire/ -- Hagens Berman urges Bloom Energy Corporation (NYSE: BE) investors who have suffered significant losses to submit their loss now to learn if they qualify to recover their investment losses. The firm is investigating possible securities fraud and...
February 13, 2020

Bloom Energy has provided incorrect financial results since IPO, stock sinks more than 20%

Bloom Energy Corp. announced Wednesday afternoon that all financial results the company has provided since its initial public offering were inaccurate and will have to be restated.
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Bloom Energy Blogs

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 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, Susan Brennan and Venkat Venkataraman.

  • How many employees does Bloom Energy have?

    Bloom Energy has 1,524 employees.

  • What is Bloom Energy revenue?

    Latest Bloom Energy annual revenue is $785.2 m.

  • What is Bloom Energy revenue per employee?

    Latest Bloom Energy revenue per employee is $515.2 k.

  • Who are Bloom Energy competitors?

    Competitors of Bloom Energy include Ballard Power Systems, Plug Power and FuelCell Energy.

  • 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.