Bloom Energy reports $751.05M revenue, beating consensus by 243%
Bloom Energy reported Q1 2026 revenue of $751.05M, up 130% year-over-year, and non-GAAP EPS of $0.44, exceeding consensus estimates by 243%. The company also raised its FY2026 guidance to $3.4B-$3.8B in revenue and $1.85-$2.25 in EPS.
The company’s strong performance was backed by a $20B total backlog, including $6B in products and a $5B Brookfield AI infrastructure partnership. However, the stock’s valuation has extended far ahead of fundamentals, trading at 80x book value and 663x EV/EBITDA.
Insiders sold coordinated stakes in May at $288-$293, signaling the stock’s 1,259% one-year rally may have priced in years of growth. A price target of $207.62 has been set, implying roughly 20.55% downside from the current $261.34 quote.
The company’s valuation and insider sales may indicate a potential correction in the stock price, despite its strong Q1 2026 results.