BE vs PLUG vs BW Stock Comparison

Bloom Energy, Plug Power and Babcock & Wilcox Enterprises Prices as of Oct 26, 2026 Peers: Industry group
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BE Bloom Energy Corp
$203.85 -29.4% 1M +84.7% 1Y
Market cap
$64.87B
P/E
125.2x
Revenue (TTM)
$3.83B
Div. yield
–
Fuel Cells Industrials
8 wins
PLUG Plug Power Inc
$1.37 -30.8% 1M -53.6% 1Y
Market cap
$1.95B
P/E
–
Revenue (TTM)
$744.09M
Div. yield
–
Hydrogen Energy
1 win

Head to Head

10 decided of 12

Bloom Energy leads on 8 of the 12 questions below (Bloom Energy 8, Babcock & Wilcox Enterprises 1, Plug Power 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBEPLUGBWLeader
Larger companyMarket capitalisation $64.87B $1.95B $645.47M BE
Cheaper on earningsLower P/E, profitable companies only 125.2x -1.2x -19.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 79.0x — 29.7x BW
Faster revenue growthRevenue growth, trailing twelve months +110.6% +10.6% +42.6% BE
More profitableNet margin, trailing twelve months 13.5% -220.6% -4.0% BE
Better return on capitalReturn on invested capital 31.2% -188.4% 14.3% BE
Less leveragedLower net debt / EBITDA -3.9x 0.1x -2.8x BE
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +84.7% -53.6% +20.2% BE
Better 5-year returnAnnualised price return, 5 years +49.2%/yr -47.5%/yr -8.3%/yr BE
Less volatileAnnualised volatility, 1 year 111.5% 78.2% 114.6% PLUG
Higher overall scoreMean of the five percentile scores vs peers 82/100 23/100 50/100 BE

Percentile Scorecard

BEPLUGBW

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

AxisBEPLUGBW
Valuation 48 #32 of 61 0 #11 of 11 62 #24 of 61
Growth 100 #1 of 58 70 #4 of 11 70 #18 of 58
Profitability 93 #5 of 55 0 #9 of 9 72 #16 of 55
Financial Health 89 #9 of 71 20 #9 of 11 37 #45 of 71
Shareholder Returns 79 #7 of 29 – 7 #27 of 29
Overall 82 23 50
  • BE ranked among 71 companies in Clean Energy Equipment
  • PLUG ranked among 11 companies in Renewable Fuels
  • BW 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

PeriodBEPLUGBWSPY
1 month -29.4%-30.8%-33.8% -0.8%
3 months +8.4%-33.5%-55.7% +3.5%
6 months -13.1%-55.5%-73.1% +7.0%
Year to date +134.6%-30.5%-34.4% +12.2%
1 year +84.7%-53.6%+20.2% +13.0%
3 years +1,984.4%-76.8%+77.0% +86.3%
3 years, per year +175.4%-38.6%+21.0% +23.1%
5 years +638.3%-96.0%-35.2% +68.6%
5 years, per year +49.2%-47.5%-8.3% +11.0%
10 years —-13.3%-97.3% +258.0%
10 years, per year —-1.4%-30.3% +13.6%

Risk

MeasureBEPLUGBWSPY
Volatility, 1Y 111.5%78.2%114.6% 12.7%
Downside volatility, 1Y 107.7%70.0%103.5% 12.7%
Beta vs S&P 500, 1Y 4.512.253.31 1.00
Return / volatility, 1Y 0.76-0.680.18 1.02
Max drawdown, 5Y -75.9%-98.4%-97.4% -25.4%
From 52-week high -41.1%-66.9%-81.0% -1.8%
52-week high $345.85$4.14$21.85 $779.14
52-week low $76.97$1.37$3.16 $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.

MultipleBEPLUGBW
P/E now vs peer median 115.9xmedian 25.4x -1.2xmedian 10.9x -17.8xmedian 25.4x
P/S now vs peer median 15.7xmedian 2.1x 2.6xmedian 1.2x 0.8xmedian 2.1x
EV/EBITDA now vs peer median 91.1xmedian 17.5x -1.4xmedian 14.0x 14.5xmedian 17.5x
P/FCF now vs peer median 138.0xmedian 27.3x -3.4xmedian 14.0x -10.7xmedian 27.3x
P/B now vs peer median 30.7xmedian 1.7x 3.3xmedian 1.2x 10.8xmedian 1.7x
PEG now vs peer median 2.67median 0.77 -0.21median 0.19 -0.73median 0.77

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 monthsBEPLUGBW
Revenue $3.83B $744.09M $821.95M
Gross profit $1.24B -$138.00M $160.14M
Operating income $567.42M -$1.29B $22.49M
Net income $522.95M -$1.71B -$18.35M
Free cash flow $436.71M -$560.50M -$58.17M
R&D $235.76M $53.94M –
EPS (diluted) $1.60 $-1.18 $-0.21
Cash & equivalents $2.49B $161.90M $308.63M
Total debt $2.95M $314.00K $209.43M
Shares (diluted) 324.29M 1.39B 154.51M
Enterprise value $54.77B $1.03B $116.44M

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
MetricBEPLUGBW
P/E 115.9x -1.2x -17.8x
P/FCF 138.0x -3.4x -10.7x
P/Operating cash flow 87.2x -4.0x -17.8x
P/S 15.7x 2.6x 0.8x
P/B 30.7x 3.3x 10.8x
P/Tangible book 30.7x 3.4x 14.1x
EV/EBITDA 91.1x -1.4x 14.5x
EV/EBIT 101.8x -1.4x 23.1x
EV/Revenue 15.1x 2.4x 0.6x
EV/FCF 132.3x -3.1x -8.9x
EV/Operating cash flow 83.6x -3.6x -15.0x
PEG (3Y EPS CAGR) 2.67 -0.21 -0.73

Growth

14 metrics
MetricBEPLUGBW
Revenue growth (1Y) 110.6% 10.6% 42.6%
Revenue CAGR (3Y) 38.6% -5.4% 3.5%
Gross profit growth (1Y) 118.4% 70.1% 20.7%
Gross profit CAGR (3Y) 91.3% 20.4% -2.8%
Operating income growth (1Y) 530.6% 31.3% 879.4%
Operating income CAGR (3Y) 60.9% -15.4% 17.5%
Net income growth (1Y) 3,052% 13.3% 87.7%
Net income CAGR (3Y) 51.0% -26.9% 17.3%
EPS growth (1Y) 2,359% 32.5% 87.1%
EPS CAGR (3Y) 43.5% 5.5% 24.6%
Operating cash flow growth (1Y) 283.7% 20.0% 72.4%
Operating cash flow CAGR (3Y) 49.4% 22.8% -73.7%
Free cash flow growth (1Y) 223.0% 31.6% 57.3%
Free cash flow CAGR (3Y) 39.3% 30.6% -120.7%

Profitability

14 metrics
MetricBEPLUGBW
Gross margin 32.3% -18.5% 19.5%
EBITDA margin 16.6% -168.2% 4.4%
Operating margin 14.8% -172.8% 2.7%
Pretax margin 13.8% -229.0% -8.8%
Net margin 13.5% -220.6% -4.0%
FCF margin 11.4% -75.3% -7.1%
Operating cash flow margin 18.0% -64.9% -4.2%
Return on equity 29.0% -251.3% –
Return on assets 8.6% -75.0% -8.9%
Return on invested capital 31.2% -188.4% 14.3%
Return on capital employed 12.1% -72.0% 5.9%
Asset turnover 0.6x 0.3x 0.9x
Cash conversion (OCF / net income) 1.3x 0.3x 1.9x
Stock comp / revenue 5.2% 7.2% 2.0%

Financial Health

11 metrics
MetricBEPLUGBW
Debt / assets 0.0% 0.0% 21.0%
Debt / equity 0.0x 0.0x 3.7x
Net debt / EBITDA -3.9x 0.1x -2.8x
Debt / FCF 0.0x 0.0x -3.6x
Liabilities / assets 70.1% 73.2% 94.3%
Equity / assets 29.9% 26.8% 5.7%
Interest coverage 15.9x -17.9x 0.9x
Current ratio 3.7x 2.3x 1.5x
Quick ratio 2.8x 0.8x 1.1x
Cash ratio 1.8x 0.3x 0.6x
Altman Z-score 8.67 -6.08 -0.91

Shareholder Returns

7 metrics
MetricBEPLUGBW
Dividend yield – – –
Net buyback yield -0.1% -2.5% -62.0%
Shareholder yield -0.1% -2.5% -62.0%
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.

ConsensusBEPLUGBW
Forward P/E 79.0xFY2026 – 29.7xFY2026
EPS, next fiscal year $2.58FY2026 $-0.41FY2026 $0.14FY2026
EPS growth, next FY +239.5%FY2026 – –
EPS growth, the year after +100.0% – +221.4%
Revenue, next fiscal year $4.39BFY2026 $799.33MFY2026 $1.01BFY2026
Revenue growth, next FY +117.4%FY2026 +12.6%FY2026 +71.1%FY2026
Revenue growth, the year after +61.3% +28.0% +35.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBEPLUGBW
Held by institutions 80.5% 58.3% 88.0%
Institutions holding 1,280 508 200
Change in shares held, QoQ -1.9% +8.0% +24.0%
Institutions buying 806 276 146
Institutions selling 384 105 41
Buyers to sellers 2.10 2.63 3.56

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.

BEPLUGBW
BE 1.00 0.45 0.47
PLUG 0.45 1.00 0.36
BW 0.47 0.36 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BE, PLUG and BW?

Bloom Energy (BE) is the largest by market capitalisation: Bloom Energy (BE) $64.87B, Plug Power (PLUG) $1.95B, Babcock & Wilcox Enterprises (BW) $645.47M.

Which company is growing faster?

Bloom Energy (BE) grew revenue fastest over the trailing twelve months: Bloom Energy (BE) +110.6%, Plug Power (PLUG) +10.6%, Babcock & Wilcox Enterprises (BW) +42.6%.

Which company is more profitable?

Bloom Energy (BE) has the highest net margin (Bloom Energy (BE) 13.5%, Plug Power (PLUG) -220.6%, Babcock & Wilcox Enterprises (BW) -4.0%). On return on invested capital, Bloom Energy (BE) leads (Bloom Energy (BE) 31.2%, Plug Power (PLUG) -188.4%, Babcock & Wilcox Enterprises (BW) 14.3%).

Which stock has performed better?

Over the past year Bloom Energy (BE) returned the most: Bloom Energy (BE) +84.7%, Plug Power (PLUG) -53.6%, Babcock & Wilcox Enterprises (BW) +20.2%. Over five years, Bloom Energy (BE) compounded fastest (Bloom Energy (BE) +49.2%/yr, Plug Power (PLUG) -47.5%/yr, Babcock & Wilcox Enterprises (BW) -8.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Plug Power (PLUG) has been the steadiest (Bloom Energy (BE) 111.5%, Plug Power (PLUG) 78.2%, Babcock & Wilcox Enterprises (BW) 114.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BE, PLUG and BW?

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 8. 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.