CORRECTED-Bloom Energy Q4 revenue beats estimates

Overview

• Fuel cell systems provider's Q4 revenue rose 35.9%, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company's product backlog grew 2.5x year-over-year

Outlook

• Bloom Energy forecasts 2026 revenue between $3.1 bln and $3.3 bln

• Company expects 2026 non-GAAP operating income of $425 mln to $475 mln

• Bloom Energy projects 2026 non-GAAP EPS between $1.33 and $1.48

Result Drivers

• AI DATA CENTER DEMAND - Significant growth from the AI data center industry drove record full-year revenue, according to Bloom Energy

• C&I BUSINESS DEMAND - Continued strong demand from the commercial and industrial business contributed to revenue growth

• PRODUCT BACKLOG GROWTH - Product backlog increased 2.5x year-over-year, supporting future revenue growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 13 "strong buy" or "buy", 12 "hold" and 3 "sell" or "strong sell"

• The average consensus recommendation for the heavy electrical equipment peer group is "buy."

• Wall Street's median 12-month price target for Bloom Energy Corp is $136.00, about 7.7% below its February 4 closing price of $147.35

• The stock recently traded at 138 times the next 12-month earnings vs. a P/E of 142 three months ago

Press Release: ID:nBw2KjRpla

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