BE vs BLDP vs HYSR Stock Comparison

Bloom Energy, Ballard Power Systems and Sunhydrogen Prices as of Oct 23, 2026 Peers: Industry group
BE Bloom Energy Corp
$193.09 -29.8% 1M +90.4% 1Y
Market cap
$60.12B
P/E
116.0x
Revenue (TTM)
$3.83B
Div. yield
–
Fuel Cells Industrials
6 wins
HYSR Sunhydrogen, Inc.
$0.02 0.0% 1M -33.3% 1Y
Market cap
$94.07M
P/E
–
Revenue (TTM)
$1.25K
Div. yield
–
Fuel Cells Industrials

Head to Head

7 decided of 12

Bloom Energy leads on 6 of the 12 questions below (Bloom Energy 6, Ballard Power Systems 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBEBLDPHYSRLeader
Larger companyMarket capitalisation $60.12B $430.72M $94.07M BE
Cheaper on earningsLower P/E, profitable companies only 116.0x -5.4x -14.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 74.8x — — –
Faster revenue growthRevenue growth, trailing twelve months +110.6% +46.4% — BE
More profitableNet margin, trailing twelve months 13.5% -75.7% -522,521.9% BE
Better return on capitalReturn on invested capital 31.2% — — –
Less leveragedLower net debt / EBITDA -3.9x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +90.4% -55.2% -33.3% BE
Better 5-year returnAnnualised price return, 5 years +57.1%/yr -37.7%/yr -13.0%/yr BE
Less volatileAnnualised volatility, 1 year 111.5% 73.1% 141.6% BLDP
Higher overall scoreMean of the five percentile scores vs peers 81/100 67/100 45/100 BE

Percentile Scorecard

BEBLDPHYSR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBEBLDPHYSR
Valuation 48 #32 of 61 58 #26 of 61 38 #38 of 61
Growth 100 #1 of 58 81 #12 of 58 21 #46 of 58
Profitability 93 #5 of 55 48 #29 of 55 6 #52 of 55
Financial Health 89 #9 of 71 80 #15 of 71 97 #3 of 71
Shareholder Returns 77 #8 of 31 – 63 #12 of 31
Overall 81 67 45
  • BE ranked among 71 companies in Clean Energy Equipment
  • BLDP ranked among 71 companies in Clean Energy Equipment
  • HYSR ranked among 71 companies in Clean Energy Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBEBLDPHYSRSPY
1 month -29.8%-32.9%0.0% -1.0%
3 months +4.3%-49.3%0.0% +2.9%
6 months -16.5%-55.2%0.0% +6.4%
Year to date +122.2%-42.1%-33.3% +11.4%
1 year +90.4%-55.2%-33.3% +13.1%
3 years +1,543.3%-58.0%+100.0% +79.4%
3 years, per year +154.4%-25.1%+26.0% +21.5%
5 years +856.4%-90.6%-50.0% +67.7%
5 years, per year +57.1%-37.7%-13.0% +10.9%
10 years —-31.9%0.0% +255.2%
10 years, per year —-3.8%0.0% +13.5%

Risk

MeasureBEBLDPHYSRSPY
Volatility, 1Y 111.5%73.1%141.6% 12.7%
Downside volatility, 1Y 107.3%68.8%620.4% 12.7%
Beta vs S&P 500, 1Y 4.472.761.51 1.00
Return / volatility, 1Y 0.81-0.76-0.24 1.03
Max drawdown, 5Y -75.9%-94.7%-88.9% -25.4%
From 52-week high -44.2%-77.0%-50.0% -2.5%
52-week high $345.85$6.38$0.04 $779.14
52-week low $76.97$1.47$0.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBEBLDPHYSR
P/E now vs peer median 109.8xmedian 24.1x -5.5xmedian 24.1x -16.9xmedian 24.1x
P/S now vs peer median 14.9xmedian 2.2x 4.2xmedian 2.2x 91,987xmedian 2.2x
EV/EBITDA now vs peer median 86.1xmedian 17.4x 5.4xmedian 17.4x -11.0xmedian 17.4x
P/FCF now vs peer median 130.7xmedian 27.4x -8.4xmedian 27.4x -22.7xmedian 27.4x
P/B now vs peer median 29.1xmedian 1.8x 0.8xmedian 1.8x 3.6xmedian 1.8x
PEG now vs peer median 2.53median 0.76 -0.34median 0.76 0.17median 0.76

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBEBLDPHYSR
Revenue $3.83B $106.16M $1.25K
Gross profit $1.24B $17.41M –
Operating income $567.42M -$31.41M -$7.52M
Net income $522.95M -$77.27M -$6.53M
Free cash flow $436.71M -$52.66M -$5.07M
R&D $235.76M $42.19M $4.33M
EPS (diluted) $1.60 $-0.52 $0.00
Cash & equivalents $2.49B $502.10M $12.13M
Total debt $13.65M – –
Shares (diluted) 324.29M 155.19M 5.53B
Enterprise value $50.03B -$1.65B -$40.56M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBEBLDPHYSR
P/E 109.8x -5.5x -16.9x
P/FCF 130.7x -8.4x -22.7x
P/Operating cash flow 82.6x -11.2x -22.7x
P/S 14.9x 4.2x 91,987x
P/B 29.1x 0.8x 3.6x
P/Tangible book 29.1x 0.8x 3.6x
EV/EBITDA 86.1x 5.4x -11.0x
EV/EBIT 96.2x 2.0x -11.0x
EV/Revenue 14.3x -0.6x 66,339x
EV/FCF 125.0x 1.2x -16.4x
EV/Operating cash flow 79.0x 1.6x -16.4x
PEG (3Y EPS CAGR) 2.53 -0.34 0.17

Growth

14 metrics
MetricBEBLDPHYSR
Revenue growth (1Y) 110.6% 46.4% –
Revenue CAGR (3Y) 38.6% 15.8% –
Gross profit growth (1Y) 118.4% 272.0% –
Gross profit CAGR (3Y) 91.3% 48.9% –
Operating income growth (1Y) 530.6% 81.6% -29.3%
Operating income CAGR (3Y) 60.9% 39.2% 6.7%
Net income growth (1Y) 3,052% 74.0% 20.6%
Net income CAGR (3Y) 51.0% 18.2% -105.7%
EPS growth (1Y) 2,359% 73.0% 23.7%
EPS CAGR (3Y) 43.5% 16.3% -98.1%
Operating cash flow growth (1Y) 283.7% -107.5% -38.9%
Operating cash flow CAGR (3Y) 49.4% 13.1% -5.9%
Free cash flow growth (1Y) 223.0% -110.5% -38.9%
Free cash flow CAGR (3Y) 39.3% 13.0% -5.6%

Profitability

14 metrics
MetricBEBLDPHYSR
Gross margin 32.3% 16.4% –
EBITDA margin 16.6% -11.0% -600,651%
Operating margin 14.8% -29.6% -601,652%
Pretax margin 13.8% -11.8% -502,370%
Net margin 13.5% -75.7% -522,522%
FCF margin 11.4% -49.6% -405,229%
Operating cash flow margin 18.0% -37.3% -405,229%
Return on equity 29.0% -14.0% -19.4%
Return on assets 8.6% -12.2% -18.8%
Return on invested capital 31.2% – –
Return on capital employed 12.1% -5.2% -23.1%
Asset turnover 0.6x 0.2x 0.0x
Cash conversion (OCF / net income) 1.3x 0.5x 0.8x
Stock comp / revenue 5.2% 18.7% 93,359%

Financial Health

11 metrics
MetricBEBLDPHYSR
Debt / assets 0.0% – –
Debt / equity 0.0x – –
Net debt / EBITDA -3.9x – –
Debt / FCF 0.0x – –
Liabilities / assets 70.1% 13.1% 3.6%
Equity / assets 29.9% 86.9% 96.4%
Interest coverage 15.9x -36.4x –
Current ratio 3.7x 11.2x 37.9x
Quick ratio 2.8x 10.3x 37.6x
Cash ratio 1.8x 9.9x 37.2x
Altman Z-score 8.25 -0.62 54.19

Shareholder Returns

7 metrics
MetricBEBLDPHYSR
Dividend yield – – –
Net buyback yield -0.1% – -0.1%
Shareholder yield -0.1% – -0.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBEBLDPHYSR
Forward P/E 74.8xFY2026 – –
EPS, next fiscal year $2.58FY2026 $-0.18FY2026 –
EPS growth, next FY +239.5%FY2026 – –
EPS growth, the year after +99.2% – –
Revenue, next fiscal year $4.38BFY2026 $111.82MFY2026 –
Revenue growth, next FY +116.9%FY2026 +13.4%FY2026 –
Revenue growth, the year after +61.7% +42.8% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBEBLDPHYSR
Held by institutions 80.5% 34.7% –
Institutions holding 1,280 170 –
Change in shares held, QoQ -1.9% +16.3% –
Institutions buying 806 101 –
Institutions selling 384 40 –
Buyers to sellers 2.10 2.53 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BEBLDPHYSR
BE 1.00 0.47 0.04
BLDP 0.47 1.00 0.07
HYSR 0.04 0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BE, BLDP and HYSR?

Bloom Energy (BE) is the largest by market capitalisation: Bloom Energy (BE) $60.12B, Ballard Power Systems (BLDP) $430.72M, Sunhydrogen (HYSR) $94.07M.

Which company is growing faster?

Bloom Energy (BE) grew revenue fastest over the trailing twelve months: Bloom Energy (BE) +110.6%, Ballard Power Systems (BLDP) +46.4%.

Which company is more profitable?

Bloom Energy (BE) has the highest net margin (Bloom Energy (BE) 13.5%, Ballard Power Systems (BLDP) -75.7%, Sunhydrogen (HYSR) -522,521.9%).

Which stock has performed better?

Over the past year Bloom Energy (BE) returned the most: Bloom Energy (BE) +90.4%, Ballard Power Systems (BLDP) -55.2%, Sunhydrogen (HYSR) -33.3%. Over five years, Bloom Energy (BE) compounded fastest (Bloom Energy (BE) +57.1%/yr, Ballard Power Systems (BLDP) -37.7%/yr, Sunhydrogen (HYSR) -13.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ballard Power Systems (BLDP) has been the steadiest (Bloom Energy (BE) 111.5%, Ballard Power Systems (BLDP) 73.1%, Sunhydrogen (HYSR) 141.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BE, BLDP and HYSR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bloom Energy (BE) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.