Shareholder Letter Outlines Long-Term Strategy to Develop, Own and Optimize Energy Assets Designed to Generate Recurring Revenue Tel Aviv, Israel--(Newsfile Corp. - July 7, 2026) - Brenmiller Energy (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company") a leading global provider of thermal energy storage ("TES") solutions for industrial and utility customers, today introduced BrenX, the Company's long-term strategy to evolve beyond equipment sales into the development, ownership and optimization of integrated energy infrastructure assets designed to generate recurring revenue while supporting industrial decarbonization and emerging digital infrastructure demand. BrenX represents the evolution of Brenmiller from a provider of TES systems into an owner, operator and developer of selected integrated energy assets designed to deliver renewable electricity, industrial heat, TES, battery storage and other complementary energy services.
Brenmiller Energy Ltd(BNRG)Earnings, Financials & Key Ratios
BNRG•NASDAQ•Utilities
$0.97
Price updated Jul 7, 2026
AboutBrenmiller Energy Ltd. engages in development, production, marketing, and sale of thermal energy storage systems based on technology that enables heat storage at high temperatures in crushed volcanic rock. Its TES system dispatches thermal energy on demand in the form of steam, which can be saturated for industrial use, or in the form of a superheated steam, which can be used to activate steam turbines in utility scale projects. The company markets its proprietary TES system under the name bGen. Brenmiller Energy Ltd was incorporated in 2012 and is based in Rosh HaAyin, Israel.Show more
- Revenue$387K
- EBITDA-$12M-17.8%
- Net Income-$14M-105.3%
- Free Cash Flow-$11M-9.6%
- EBITDA Margin-3146.51%
- Net Margin-3593.02%
- ROE-348.5%-89.5%
- Interest Coverage-36.18-35.2%
- Debt/Equity1.67+55.5%
BNRG Price & Volume
Brenmiller Energy Ltd (BNRG) stock price & volume — 10-year historical chart
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Persistent Operating Losses Threaten Capital Structure Stability
Investment Thesis • Updated 2025Q2
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and commercial viability
Key Thesis Takeaways
- Brenmiller Energy faces significant fundamental headwinds as its pre-commercial business model struggles to generate consistent revenue, evidenced by intermittent quarterly sales that peaked at only $193.5K in 2025Q2.
- The company's reliance on bespoke pilot projects has resulted in persistent quarterly net losses of $3.7M, creating a precarious financial position that necessitates ongoing external funding.
- Investors should monitor the rapid depletion of cash reserves, which fell from $7.0M in 2024Q2 to $2.1M in 2025Q2, as the firm lacks the stable, rate-regulated cash flows typical of the renewable utility sector.
Verdict Logic
the company's precarious liquidity position, highlighted by a decline in cash reserves to $2.1M and a debt-to-equity ratio of 4.39, suggests significant risk of further dilutive financing.
BNRG Growth Metrics
Brenmiller Energy Ltd (BNRG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-36.62%
TTM843.9%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-104.71%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-74.62%
Return on Capital
10 Years-125.18%
5 Years-131.4%
3 Years-130.59%
Last Year-155.45%
Latest BNRG News
Recent stock market news and headlines for Brenmiller Energy Ltd (BNRG)
Newsfile Corp·1 day ago
Brenmiller Energy Introduces BrenX, a Long-Term Strategy for Expanding Beyond Thermal Energy Storage into Integrated Energy InfrastructureNewsfile Corp·6 days ago
Brenmiller Energy Purchases Photovoltaic Facility Adjacent to Planned Hungarian Industrial Energy ProjectPurchase Accelerates Brenmiller's Energy-as-a-Service Strategy and Supports the Company's Expansion into Owning and Operating Clean-Energy Assets Tel Aviv, Israel--(Newsfile Corp. - July 2, 2026) - Brenmiller Energy (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a leading global provider of thermal energy storage ("TES") solutions for industrial and utility customers, today announced the purchase of a 1.2 MWp (installed) photovoltaic ("PV") facility (the "Facility") strategically located adjacent to the Company's planned Partner in Pet Food Hungaria KFT ("PPF") industrial energy project in Hungary. The purchase advances Brenmiller's strategy of building integrated renewable energy infrastructure designed to generate recurring revenues while expanding the Company's Energy-as-a-Service platform for industrial customers.
Peers Comparison
Key metrics vs top competitors for Brenmiller Energy Ltd (BNRG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.97 | $54.46K | -0.00 | — | -3593.02% | -348.5% | — | |
| $7.92 | $67.47M | -0.86 | 8.08% | 93.33% | — | — | |
| $3.79 | $655.58M | -5.83 | 340.86% | -52.97% | -146.8% | — | |
| $1.95 | $32.87M | 4.88 | -1.27% | 10.38% | — | — | |
| $0.75 | $13.13M | -1.88 | 9.22% | -12.48% | -737.52% | — | |
| $25.49 | $1.35B | 30.71 | 9.16% | 1.59% | 2.86% | — |
Compare BNRG vs Peers
Brenmiller Energy Ltd (BNRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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BNRG Frequently Asked Questions
Brenmiller Energy Ltd (BNRG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Brenmiller Energy Ltd's revenue?
Brenmiller Energy Ltd (BNRG) reported $0.4M in revenue for fiscal year 2025.
Is BNRG profitable?
Brenmiller Energy Ltd (BNRG) reported a net loss of $12.6M for fiscal year 2025.
Dividend & Returns
What is BNRG's return on equity?
Brenmiller Energy Ltd (BNRG) has a return on equity (ROE) of -348.5%. Negative ROE indicates the company is unprofitable.
What is Brenmiller Energy Ltd's free cash flow?
Brenmiller Energy Ltd (BNRG) had negative free cash flow of $11.2M in fiscal year 2025, likely due to heavy capital investments.