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 Ratings3.7
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)1,252(-17%)
Job Openings111
Revenue (FY, 2020)$794.2 M(+2%)
Share Price (Dec 2021)$21.9
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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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View revenue for all periods
Bloom Energy's revenue was reported to be $794.25 m in FY, 2020 which is a 1.2% increase from the previous period.
USD

Revenue (FY, 2020)

794.2m

Revenue growth (FY, 2019 - FY, 2020), %

1.2%

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 (31-Dec-2021)

3.2b

Closing stock price (31-Dec-2021)

21.9

Cash (31-Dec-2020)

246.9m

EV

3.4b
Bloom Energy's current market capitalization is $3.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

742.0m785.2m794.2m

Revenue growth, %

97%6%1%

Cost of goods sold

625.0m687.6m628.5m

Gross profit

117.1m97.6m165.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

200.7m233.8m233.5m156.7m187.9m131.1m

Cost of goods sold

185.0m192.1m180.0m136.8m161.6m72.0m

Gross profit

15.8m41.7m53.5m19.9m26.2m59.0m

Gross profit Margin, %

8%18%23%13%14%45%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

220.7m202.8m246.9m

Accounts Receivable

84.9m37.8m99.5m

Inventories

132.5m109.6m142.1m

Current Assets

672.6m472.7m618.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

320.4m308.0m226.5m180.3m144.1m325.2m

Accounts Receivable

84.1m38.3m26.7m35.7m49.6m50.5m

Inventories

116.5m104.9m140.4m107.2m112.5m131.9m

Current Assets

639.8m592.3m490.4m462.9m440.8m650.1m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

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

Depreciation and Amortization

43.5m78.6m52.3m

Inventories

(42.2m)18.4m(33.0m)

Accounts Payable

18.3m(11.3m)(620.0k)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(88.3m)(155.5m)(195.4m)(81.6m)(129.6m)(147.5m)

Depreciation and Amortization

11.3m31.0m55.8m13.0m25.9m38.9m

Inventories

15.9m27.5m(7.9m)2.1m(3.5m)(22.8m)

Accounts Payable

(2.5m)(5.5m)14.2m4.8m8.8m8.7m
USDFY, 2018

EV/EBIT

-10.5 x

EV/CFO

-27.6 x

Revenue/Employee

506.0k

Debt/Equity

-8.1 x

Debt/Assets

0.5 x

Financial Leverage

-15.2 x

P/E Ratio

(2.2)
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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

87.9 m87.187.1108.2138.4198

Enterprise Customers

71

Patents (Foreign)

60778090110124

Patents (US)

147190195209224240
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
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: 65.3% from Product, 12.8% from Installation, 13.8% from Service and 8.1% from Electricity

Bloom Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Bloom Energy Online and Social Media Presence

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Bloom Energy Company Culture

  • Overall Culture

    C+

    69/100

  • CEO Rating

    B+

    74/100

  • Compensation

    C

    64/100

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Bloom Energy News and Updates

Solid Oxide Fuel Cells Market to grow by 131.32 MW |Evolving Opportunities with Aisin Corp., AVL List GmbH & Bloom Energy Corp|17000+ Technavio Reports

NEW YORK, Dec. 16, 2021 /PRNewswire/ -- The "Solid Oxide Fuel Cells Market - Competitive Analysis, Drivers, Trends, Challenges, Five Force Analysis" report has been added to Technavio's offering. 58% of the market's growth will originate from the Americas during the forecast period. The...

Bloom Energy shares sink in after-hours trade after wider-than-expected loss and revenue miss

Bloom Energy Corp. shares slid 2.2% in after-hours trade Thursday, after the company posted a wider-than-expected third-quarter loss and revenue that lagged estimates. The company said it had a net loss of $52.4 million, or 30 cents a share, for the quarter, wider than the loss of $11.9 million, or…

Bloom Energy Stock Jumps 55% In A Week Following $4.5 Billion Deal. What’s Next?

The stock price of Bloom Energy, a company best known for its modular fuel cell generators targeted at commercial and industrial users, saw its stock rally by a large 55% over the last week (five trading days). The S&P 500 was up by about 2% over the same period. Bloom stock also remains up by..…

Colin Powell was on board of Salesforce.com and Bloom Energy

Gen. Colin Powell, who died of COVID-19 complications, was on several boards, including that of two publicly traded companies, customer relationship management company Salesforce.com and fuel-cell maker Bloom Energy . The former secretary of state also was a strategic advisor to Kleiner Perkins, th…

Bloom Energy stock bounces off 11-month low after Raymond James gets even more bullish

Shares of Bloom Energy Corp rallied 3.5% in premarket trading Tuesday, to bounce off an 11-month closing low in the previous session, after Raymond James analyst Pavel Molchanov said he was even more bullish on the hydrogen play, citing a more attractive valuation. Molchanov raised his rating to st…

Up 7% Last Week, What’s Next For Bloom Energy Stock?

The stock price of Bloom Energy, a company best known for its modular fuel cell generators targeted at commercial and industrial users, has seen its stock rally by about 7.4% over the last week (five trading days). The S&P 500 was up by about 2% over the same period...
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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 Ceres, Ballard Power Systems and Plug Power.

  • 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.