Bloom Energy management check
BE · Industrials · Electrical Components & Equipment · CEO KR Sridhar
Filings as of
3 good · 2 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $303, against $66 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 1.00 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
CEO stake ≈ 20 years of payThe CEO holds 2,291,508 shares, directly or through trusts (unvested awards not counted): about 20 years of pay. 7 insiders sold $65.8m in the last six months and none bought. 18 of 24 sales ran on pre-arranged 10b5-1 plans.
- Flag
Are owners being diluted?
Share count growingDiluted shares changed +6.3% a year over the last three fiscal years.
- Watch
Is leadership stable?
10 leadership filings in 3 yearsCEO in the pay table: KR Sridhar. 10 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 55 | |
| Pay for performance | 100 | 86 | |
| CEO cost | — | — | 48 |
| Skin in the game | 80 | 55 | |
| Dilution | 0 | 62 | |
| Stable leadership | 75 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electrical Components & Equipment, by management score. Bloom Energy is 14th of 81 in its sector.
- 108BEBloom Energy76
- 135VRTVertiv73
- 152ETNEaton Corporation72
- 198EMREmerson Electric69
- 208AMEAmetek68
- 283ROKRockwell Automation62
Pay versus performance
From the proxy statement filed April 8, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | KR Sridhar | $3.5m | $416.3m | $3.4m | $303 | $66 | — |
| 2024 | — | $45.0m | $40.0m | $3.8m | $77 | $50 | — |
| 2023 | — | $1.7m | −$2.9m | $2.8m | $52 | $61 | — |
| 2022 | — | $2.6m | −$1.6m | $4.9m | $67 | $68 | — |
| 2021 | — | $34.2m | $45.0m | $5.3m | $77 | $97 | — |
Its other key measures: •total revenue, •annual product revenue growth, annual adjusted gross product margin, •non-GAAP operating income/loss.
Insiders and the CEO's stake
Kr Sridhar (Chairman & CEO) held 2,291,508 shares directly after their latest Form 4 on Sep 1, 2026, roughly $70.9m at that filing's price.
7 insiders sold $65.8m in the last six months and none bought. 18 of 24 sales ran on pre-arranged 10b5-1 plans.
- SoldJohn T ChambersDirector · 10b5-1 plan$23.2mAug 13, 2026
- SoldShawn Marie SoderbergSee Remarks$13.6mSep 16, 2026
- SoldAman JoshiChief Commercial Officer · 10b5-1 plan$9.4mOct 1, 2026
- SoldJeffrey R ImmeltDirector · 10b5-1 plan$7.2mAug 17, 2026
Leadership and governance on file
- Jun 22, 2026Leadership change8-K/A 5.02
- Jun 17, 2026Leadership change8-K 5.02
- Mar 26, 2026Leadership change8-K 5.02
- Aug 6, 2025Leadership change8-K 5.02
- Dec 20, 2024Leadership change8-K 5.02
- Aug 30, 2024Leadership change8-K 5.02
- Jul 25, 2024Leadership change8-K 5.02
- Jun 12, 2024Leadership change8-K 5.02
- Apr 17, 2024Leadership change8-K 5.02
- Jan 9, 2024Leadership change8-K 5.02
- Aug 28, 2023Leadership change8-K 5.02
- Jun 20, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 27, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $2.4m returned to owners in buybacks and dividends, and $0 of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $906.9m | $1.1bn | $1.3bn | $1.4bn | $2.0bn |
| Net income | −$164.4m | −$301.7m | −$302.1m | — | — |
| Stock-based pay | — | — | — | — | — |
| Buybacks | — | — | — | — | — |
| Dividends | — | $0 | $0 | $1.5m | $947k |
| Diluted shares | 173m | 186m | 213m | 227m | 240m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.