Provide a dense, data-driven 1-2 page investment thesis on $BE (Bloom Energy).
I. FINANCIAL HEALTH & VALUATION Core Metrics:
- Valuation multiples: PE (TTM & Forward), PEG, P/S, P/B, EV/EBITDA, EV/Revenue
- Revenue: 3-year CAGR, QoQ/YoY growth, segment breakdown, geographic mix
- Profitability: Gross/Operating/Net margins (trends), EBITDA margins, FCF margins
- Balance Sheet: Total/Net debt, Debt/Equity, Quick ratio, Current ratio, Interest coverage
- Cash Flow: Operating CF trends, FCF yield, CapEx intensity, Cash conversion cycle
- Returns: ROE, ROIC, ROCE (vs WACC)