Bloom Energy: This Rally Looked Absurd Until I Ran The Numbers

Passage Research 5.98K Followers Follow Summary Bloom Energy is rated Buy with a $310 price target, reflecting surging AI-driven demand. BE’s partnerships with Oracle and Brookfield underpin rapid growth, with 2024 revenue guidance of $3.9–$4.2B and gross margin expansion to 34%. Consensus estimates do not seem to be accurately reflecting incremental adjusted EBITDA margins in 2027. Risks include revenue concentration, potential customer churn, and future competition as the power generation market evolves. gorodenkoff/iStock via Getty Images Bloom Energy Corporation ( BE ) is in the process of reinventing itself for the third time as a public company. After a couple of booms and busts in prior years, the stock has been off to the This article was written by Passage Research 5.98K Followers Follow Passage Research focuses on identifying variant perception through a blend of fundamental analysis and alternative data. The research process combines detailed financial modeling with real-time datasets to underwrite earnings power, margin durability, and forward expectations.The author has spent over a decade on Wall Street, most recently spending the last five years working in the hedge fund industry as an analyst. Typical coverage spans consumer, TMT, industrials and special situations, with an emphasis on asymmetric risk/reward and catalyst-driven opportunities. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BE over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.