HSBC has downgraded Bloom Energy Corp (BE) to Hold from Buy, a move that underscores growing caution regarding the company's future performance. The downgrade, effective October 8, 2025, comes as Bloom Energy's stock trades at $81.44.
This revision may indicate concerns over competitive pressures, evolving market conditions, or execution risks that could affect the company's trajectory. Bloom Energy, headquartered in San Jose, California, specializes in the manufacture and installation of solid oxide fuel cell-based power generation platforms. The company employs 2,127 full-time staff and has deployed approximately 1.4 gigawatts of Energy Server systems across more than 1,000 locations in nine countries.
Bloom Energy's financial performance has shown fluctuations in recent quarters, with a market capitalization of $24.1 billion and a trailing twelve-month price-to-earnings ratio of 1,580.05. The company reported earnings per share (EPS) of $0.15 in Q3 2025, surpassing estimates by 55.1%. Upcoming earnings are scheduled for July 29, 2026, with an EPS estimate of $0.16 and revenue expectations of $560.5 million.
As of November 1, 2025, the analyst consensus for Bloom Energy stands at 6 Strong Buy, 13 Buy, 11 Hold, 2 Sell, and 1 Strong Sell, indicating a general preference for the stock despite the recent downgrade. Analyst ratings can evolve as new information emerges, suggesting that investors should consider a range of factors, including company fundamentals and market dynamics, when making decisions.