BE
NYSEAnalystsBuy26+64%Bloom Energy Corporation stock
Industrials · Electrical Equipment
$173.24last close
+26.6%~252d
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Price
+26.58% over 1Y4 auto-fib
Video teardown
A walkthrough of this page: the numbers, the levels, and where it sits.
Thesis
as of 2026-11-08
Pure-play solid-oxide fuel cell (SOFC) manufacturer; public-equity expression of the AI datacenter grid-bypass thesis. April 2026 Oracle MSA: up to 2.8 GW capacity commitment with 1.2 GW initial contracted + a 3.53M-share warrant to Oracle - largest commercial SOFC deployment commitment in BE history.
Aschenbrenner's Situational Awareness LP holds BE as largest long ($879M equity + $55M call notional, Q1 2026 13F). Bull case: grid bottleneck is structural not cyclical, Oracle MSA backs forward revenue, customer pipeline broadening. Bear case: SOFC manufacturing scaling risk, Oracle concentration, natural gas cost exposure, post-13F drawdown overhang (-43% from mid-May peak).
- 2026-04-09 - Oracle MSA signed: up to 2.8 GW SOFC capacity commitment + warrant for Oracle to purchase 3.53M BE shares
- 2026-04 - Initial Oracle contract: 1.2 GW capacity, deployment underway
- 2026-05-18 - Aschenbrenner Q1 2026 13F: BE as fund's largest long, 6.5M shares ($879M) + 409K share calls ($55M notional)
- 2026-05-19 to 2026-05-22 - Post-13F drawdown: BE down ~17% in 48 hours as the long-book trade unwound across AI-infra names; broader -43% from mid-May $290 peak to ~$164 by 2026-05-26
- Recurring service contracts on installed base: typically 10+ year terms covering O&M, fuel stack replacements, performance guarantees
- Customer base disclosed in SEC filings: Oracle (lead), Equinix, AT&T, Walmart, semiconductor fabs, multiple undisclosed hyperscalers
- Setup tension: structural grid-bypass thesis (multi-year datacenter power constraint) vs near-term execution risk on SOFC manufacturing scale-up to 2.8 GW Oracle commitment; Aschenbrenner conviction signal (largest long) vs the 13F-day-2 tape unwind that took 17% off the stock
- Editorial deep-dives: /articles/bloom-energy-be-explained, /articles/aschenbrenner-day-2-the-longs-broke-first, /articles/datacenter-power-bubble
backlog$8.0B
power1200 MW
customersOracle · Equinix · AT&T · Walmart · Hyperscalers (undisclosed)
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It reads our $BE data (thesis, key levels, peers, a year of prices) and any chart screenshot you paste, then explains the setup in plain English. Free with an email login, 5 questions a day. Education only: it never tells you to buy or sell, and it can be wrong, so check the numbers.
Analyze BEinteractive tools
Bubblescapital-flow co-movement
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Top correlated252d co-movement
Related research
Long-form analysis touching BE
- 7 minBloom Energy (BE) explained - solid-oxide fuel cells, datacenter power, and the 2.8 GW Oracle dealBloom Energy signed a 2.8 GW master agreement with Oracle in April 2026 (1.2 GW initial). Aschenbrenner's largest long ($879M position). The on-site fuel-cell pitch: deploy in months when the grid needs years. Here's how the stack works.
- 6 minThe Iran war reaches the AI trade through the power bill, not the panicUS-Israel strikes on Iran pushed Brent up 65% and shut the Strait of Hormuz. The AI-name risk-off is noise - the lasting channel is datacenter-power economics and a defense rotation.
- 8 minAschenbrenner 13F Follow-Up: Long Book Down 10-19% in 48 Hours48 hours after Situational Awareness LP's Q1 2026 13F filed, the $3.86B long book broke first: Bloom Energy -17%, IREN -18%, Applied Digital -19%, CoreWeave -14%. The $8.5B chip-short stack is working - but the longs are bleeding harder.
- 11 minAschenbrenner 13F: the $8.5B chip short of Q1 2026, and the Q2 unwindSituational Awareness LP 13F: Q1 2026 held $8.46B of puts on SMH, NVDA, AVGO, AMD. The Q2 13F (filed 2026-08-14) closed every chip put and put $11.2B, 56% of a $20.2B book, into SanDisk and Micron.
Recent news
High-signal only
- TheStreet1d agobullishBloom Energy wins abroad while Texas turns against data centers
- Trefis2d agobullishShould You Wait Before Buying Bloom Energy Stock?
- Trefis2d agobullishCan Bloom Energy Stock Jump 50%?
- Reuters3d agoGoogle plans $17 billion Wyoming data center amid rising threats of curbs
- Barrons.com3d agoThe Stock Market Celebrated Election Day. Then the AI Trade Imploded.
- 24/7 Wall St.3d agobearishFuelCell Energy Plunges 17%, Bloom Energy Sinks 14% Despite NTT Data Deal, Plug Power Drops 7%
- Barrons.com3d agobearishNasdaq Plunges 3%. Other Sectors Can No Longer Save the Market.
Held by ETFs
- WTAIRoundhill Generative AI & Technology Disruptor ETF2.15%
Key levels
- -4.3%$180.970.618 retr of 75.70->351.28 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -18.9%$213.490.5 retr of 75.70->351.28 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- +28.6%$134.670.786 retr of 75.70->351.28 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -29.6%$246.010.382 retr of 75.70->351.28 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- +46.8%$118.00Key Fib level · 2026-04-25Out of reach · reference only
Facts
- Exchange
- NYSE
- Currency
- USD
- Market cap
- $51.20B
- Last update
- 2026-11-06
Revenue (TTM)$3.8B
P/E105.0×
P/S13.4×
Net margin13.5%
Frequently asked questions
- Is BE in WTAI?
- Yes, Roundhill Generative AI & Technology Disruptor ETF (WTAI) holds BE with 2.15% (as of 2026-11-02).
- What ETFs hold BE?
- Bloom Energy Corporation (BE) is held by WTAI (2.15%).
- What AI bubble is BE in?
- Bloom Energy Corporation (BE) is mapped to the Datacenter Power bubble on QuantAbundance. Pure-play solid-oxide fuel cell (SOFC) manufacturer - public-equity expression of the AI datacenter grid-bypass thesis. Oracle MSA April 2026 (up to 2.8 GW, 1.2 GW initial) is the largest commercial SOFC deployment commitment to date. Aschenbrenner's Situational Awareness LP largest long ($879M, Q1 2026 13F). Weight 0.85 reflects pure-play exposure and named-customer conviction with execution risk on manufacturing scale-up against the order book.
- What sector is BE in?
- Bloom Energy Corporation is classified under GICS Industrials (Electrical Equipment).
- What is BE's last close price?
- BE last closed at $173.24 on 2026-11-06.