Fundamental Analysis
BE
Bloom Energy
Neutral
Summary
Revenue is the clear driver here: three-year revenue growth is strong and the latest annual revenue rose by +38.9% to $746,401,000, with the company showing accelerating top-line momentum. Profitability reads are mixed because annual net income comparisons are Not Meaningful while the most recent quarter posted a $73,691,000 net income and a large quarter-over-quarter improvement, which aligns with the annual revenue strength. Balance-sheet signals are uneven: assets exceed liabilities by a multiple of 1.26 and the Altman Z-score reads 13.89 (in the safe zone), but the Piotroski score is a weak 2, reflecting frail profitability and cash-flow tests. These offsetting elements explain the Neutral overall rating and the mixed signal on fundamentals.
Revenue — Annual Comparison
Net Income — Annual Comparison
Quarterly Detail Charts
Quarterly Revenue
Quarterly Net Income
Piotroski F-Score Breakdown
2/9 · Bearish
Profitability — Net income positive this fiscal year
Fail
Return on Assets — Return on Assets improved year-over-year
Fail
Cash flow positive — Cash from operations positive this fiscal year
Fail
Earnings quality — Cash from operations exceeds net income
Fail
Leverage down — Long-term debt / total assets improved
Fail
Liquidity up — Current ratio improved year-over-year
Pass
No share dilution — Share count did not increase year-over-year
Fail
Margin up — Gross margin expanded year-over-year
Pass
Asset efficiency — Asset turnover improved year-over-year
Fail
Data Source
Fundamental filing data sourced from the SEC’s EDGAR database. Company filings are used for the charts and summary figures on this page.
Recent Filings
Formula & Methodology
Trend inputAnnual revenue and net income year-over-year direction contributes 40% of the score.
Piotroski inputModified 9-test Piotroski F-Score (Quality) contributes 40% of the score.
Altman inputAltman Z-Score (Distress) contributes 20% of the score.
Rating ruleFormula: Trend (40%) + Piotroski F-Score (40%) + Altman Z-Score (20%). Trend blends annual revenue and net income year-over-year direction. Piotroski is the modified 9-test variant (7 classic + 2 cash-flow tests). Altman uses the 1968 Z-Score with Safe/Grey/Distress zones. Combined blend uses ±0.45 thresholds: Bullish at +0.45 or higher, Bearish at -0.45 or lower, Neutral in between.