Bloom Energy Stock Has Plunged Despite Explosive Growth. Is It Time to Buy?

Bloom Energy reported exceptional Q3 results with 138% revenue growth to $1.2B and significantly improved profitability, yet its stock has fallen over 40% from its peak. While the company raised full-year guidance to $4.4-4.6B in revenue, concerns about negative free cash flow (-$181M in Q3) and a premium valuation of 65x earnings are weighing on the stock. Despite strong long-term growth prospects in the fuel cell data center market, the analyst suggests waiting for a more attractive valuation before buying.