Prediction: Bloom Energy's Backlog Will Top $50 Billion Before Year's End
The sky-high number seems outrageous until you start looking more closely at everything the company's disclosed and described since the beginning of this year.
Overview
If you've been keeping tabs on Bloom Energy (NYSE: BE), you know this year has been a major turning point for the fuel cell maker. Its first-quarter revenue jumped 130% year over year, while its second-quarter top line of nearly $1.1 billion grew by 166%. The company's expecting to double last fiscal year's revenue in 2026 as well, although given its recent history, that may be conservative guidance.
These are no accounting flukes, either. The bulk of both quarters' sales reflected sales of its solid-oxide fuel cells.
Details
There's a far more important figure that illustrates Bloom Energy's near-term and longer-term potential, however. That's its backlog of business that's already been lined up but hasn't yet been booked as revenue because it hasn't yet been delivered.
Source
Originally published at www.fool.com.