Bloom Energy

0.63 (10.68%)

NYSE:BE | Last traded on 11-15-2019 4:02 PM

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Featured Analysis

Another California company that goes public before it should. The company is losing tons of money (although I should say that their margins are improving). There is something about a company that is losing as much money as it generates in sales that bothers me. I am giving it two Hippos because I confess to now knowing the energy sector well, and at least the valuation relative to sales is not other worldly.

Company Data


San Jose, CA






Total Shares Offered





IPO Date


Background Information

Bloom Energy Corporation produces and sells solid-oxide fuel cells for local power generation, called the Bloom Energy Box. The alternative energy technology is used by a plethora of industries, including banking and finance to construction to healthcare, serving companies such as Walmart, AT&T, Bank of America, and Google.

Financial Analysis

Years 2016 2017
Revenue growth -- 80%
Net profit margin -161%-75%
Valuation -- $1.6B
Revenue multiple -- 4.3x
Profit multiple ---5.7x

Financial Information

Income Statement ($M) 2016 2017
Costs of goods sold312394
Gross profit(103)(18)
Total operating expense137139
Pretax profit(336)(281)
Net income(336)(281)
Balance Sheet ($M) 2016 2017
Total current assets392420
Cash and cash equivalents157104
Total assets1,2041,221
Total current liabilities261271
Total liabilities1,4631,722
Total shareholder equity1,7251,966
Total liabilities and equity1,2041,221
Cash Flow Statement ($M) 20162017
Net cash from operating activities (283)(67)
Net cash from investing activities (9)(32)
Net cash from financing activities 28362
Net increase in cash and cash equivalents (8)(37)