Professional
Added to YB: 2026-07-13
Pitch date: 2026-07-10
BE [bearish]
Bloom Energy Corporation
Author Info
No bio for this author
Company Info
Bloom Energy Corporation designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally.
Market Cap
$69.6B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
335.56
P/E
10.3K
EV/Sales
28.61
Sector
Electrical Equipment
Category
value
Short thesis on Bloom Energy (BE)
BE (short): Short thesis—Bloom's 5GW growth story rests on scandium, an opaque byproduct metal with ~80t/yr world supply (~80% China). Est. physical ceiling <2.5GW (<1.5GW ex-China) vs Street's 4.5GW/$13B by 2030. Legacy $800-1k/kg contracts reroll to $3-6k/kg, no pass-through, EBITDA margins fall 20%→13% vs Street 30%. CEO's 'no China supply chain' likely false; Nov 2026 export-control snapback = tail risk. Trades ~30x sales vs historical 5x.
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