Bloom Energy Intrinsic Value – BLOOM ENERGY Reports Q3 2023 Earnings Results
November 21, 2023
☀️Earnings Overview
BLOOM ENERGY ($NYSE:BE) reported total revenue of USD 400.3 million for the third quarter of fiscal year 2023, which ended on September 30 2023, representing a 37.0% year-over-year increase. However, the company’s net income decreased from -57.1 million reported in the same quarter of the previous year to -169.0 million.
Price History
On Wednesday, BLOOM ENERGY reported their earnings results for the third quarter of 2023. The stock opened at $10.0 and closed at the same price, up by 1.0% from its last closing price of $9.9. This marked an increase in profits compared to the same period last year, and shows the company’s success in creating innovative energy solutions. BLOOM ENERGY specializes in providing clean and affordable energy to customers. They pioneered the use of solid oxide fuel cell (SOFC) technology in commercial applications and continue to invest heavily in research and development to create more efficient and cost-effective products. Their mission is to provide reliable and affordable energy to all, and they are well on their way towards achieving that goal.
The company has also gained significant traction in the international market, with projects in India and the UK. With their continued expansion into new markets, BLOOM ENERGY is well-positioned to become a leader in the clean energy industry. Overall, the third quarter of 2023 marked an impressive financial performance for BLOOM ENERGY. They remain committed to providing clean and affordable energy solutions to their customers and investing heavily in research and development to make their products even better. With continued success in the international market, this company is going to remain a major player in the energy industry for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bloom Energy. More…
| Total Revenues | Net Income | Net Margin |
| 1.44k | -353.8 | -24.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bloom Energy. More…
| Operations | Investing | Financing |
| -517.63 | -103.4 | 588.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bloom Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.38k | 1.87k | 2.17 |
Key Ratios Snapshot
Some of the financial key ratios for Bloom Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.8% | – | -17.7% |
| FCF Margin | ROE | ROA |
| -43.2% | -40.2% | -6.7% |
Analysis – Bloom Energy Intrinsic Value
At GoodWhale, we have conducted an analysis of BLOOM ENERGY‘s wellbeing and have come to the conclusion that the fair value of BLOOM ENERGY’s share is around $23.8, as calculated by our proprietary Valuation Line. However, BLOOM ENERGY stock is currently being traded for only $10.0, which is a discount of 58.1%. This means that the price of BLOOM ENERGY is undervalued and presents an opportunity for investors to purchase the stock at a relatively low price. More…
Peers
The competition between Bloom Energy Corp and its competitors is fierce. Plug Power Inc, FuelCell Energy Inc, and Ballard Power Systems Inc are all vying for a piece of the market share. Each company has its own unique technology and is constantly trying to improve upon its product. The competition is heating up and it is unclear who will come out on top.
– Plug Power Inc ($NASDAQ:PLUG)
Plug Power Inc is a provider of alternative energy technology solutions that designs, develops, manufactures, markets, and services hydrogen fuel cells. The Company’s products are used in a variety of applications, including: material handling, aerial lifts, backup power, and other stationary power applications. Plug Power Inc has a market cap of $9.55B as of 2022 and a Return on Equity of -13.42%. The company has been facing financial difficulties in recent years, which has led to its stock price fluctuating significantly.
– FuelCell Energy Inc ($NASDAQ:FCEL)
FuelCell Energy Inc is a US company that designs, manufactures, installs, operates and services ultra-clean, efficient and reliable fuel cell power plants. The company has a market capitalization of 1.23 billion as of 2022 and a return on equity of -10.2%. FuelCell Energy Inc’s products are used in a variety of applications including distributed power generation, cogeneration, captive power, micro-grid and combined heat and power.
– Ballard Power Systems Inc ($TSX:BLDP)
Ballard Power Systems Inc is a Canadian fuel cell company that designs, develops, manufactures, and sells fuel cells. The company has a market cap of 2.32B as of 2022 and a Return on Equity of -8.43%. Ballard Power Systems is a leading provider of clean energy solutions that enable its customers to reduce emissions, improve energy security, and increase efficiency. The company’s products are used in a variety of applications, including transportation, stationary power, and portable power.
Summary
For Q3 fiscal year 2023, Bloom Energy reported total revenue of USD 400.3 million, an increase of 37.0% compared to the same quarter of the previous year. However, net income decreased from -57.1 million to -169.0 million. This suggests that Bloom Energy is yet to generate consistent profits and investors should be aware of the risks associated with investing in the company. As such, investors should consider carefully the potential return on investment prior to investing in Bloom Energy.
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