Bloom Energy's Backlog Is 5 Times This Year's Expected Revenue. Here's How Fast It Can Actually Build.

Key Points Bloom Energy disclosed a total backlog of about $20 billion in February, including roughly $6 billion of product orders. Management plans to double the Fremont factory's annual production capacity from 1 gigawatt to 2 gigawatts by the end of 2026. Against this year's guided revenue pace, the product backlog alone represents less than two years of work. 10 stocks we like better than Bloom Energy › Bloom Energy (NYSE:BE) disclosed a total backlog of about $20 billion in February -- about five times the revenue its raised 2026 guidance calls for. The fuel cell maker's systems generate electricity on-site, sparing a data center the yearslong wait for a grid connection, and that pitch has filled the order book.