Bloom Energy Corp Class A

BE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$18.00	Zbvf	Zzcfsgn

Bloom Energy Earnings: Shares Fall on Muted Backlog Growth, CFO Resignation

Brett Castelli

Feb 16, 2024

We lower our fair value estimate for no-moat Bloom Energy to $10 from $14 following fourth-quarter results. The reduction in our valuation is driven by moderating our medium-term revenue growth assumptions following disappointing 2024 revenue guidance and modest backlog growth. We view shares as fairly valued in light of our Very High Uncertainty Rating.

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