Bloom Energy Is Down 36% From Its June Record. Should You Buy Before Thursday's Report?

Bloom Energy stock has fallen 36% from its June peak to around $223, though it's still up 156% year-to-date driven by AI data center demand. The company reports Q3 results on October 22, with the key question being whether management will raise its 2026 revenue forecast for a third consecutive time. Currently trading at 82x earnings, the stock's valuation appears steep given the forecast assumes flat quarterly profits through year-end, and the analyst suggests waiting for evidence of stronger second-half revenue before buying.