BNRG

Company Overview — What Does Brenmiller Energy Ltd. Do?

We are a technology company that develops, produces, markets and sells TES systems based on our proprietary and patented bGen™ technology. The use of our technology enables better renewable integration, increases energy efficiency and reduces carbon emissions by allowing constant and reliable energy while stabilizing the intermittent nature of renewable sources. We believe that climate change is the greatest challenge of our times. A major contributor to climate change is carbon emissions being emitted to the atmosphere. To combat this, countries and organizations have set and are continuing to set targets for themselves and various industries to reduce their carbon emissions. In order to meet such carbon emission targets, we believe it is necessary to ban the use of fossil fuels and, instead, rely on renewable energy sources and systems that result in carbon capture, energy storage, efficient energy recovery, and the reuse of wasted heat. Our bGen™ TES system stores energy and can recover wasted heat from available energy resources to provide one consistent energy output. By doing so, the bGen™ TES system can precisely match energy supplies with the demand and bridges the gap between renewable energy and conventional power sources. Accordingly, TES systems such as our bGen™ system have become essential to the renewable energy market to ensure the reliability and stability of energy supplies. We have developed our bGen™ technology over the last eight years and have tested it across three generations of demonstration units at various sites globally. Our bGen™ technology uses crushed rocks to store heat at temperatures of up to 1400˚ Fahrenheit and is comprised of three key elements inside one unit: thermal storage, heat exchangers, and a steam generator. The use of crushed rock as a means of storage results in no hazardous challenges to the environment and enhances system durability so that even after tens of thousands of charge and discharge cycles, the storage material does not need to be replaced because the storage material does not suffer from degradation in performance. Additionally, the bGen™ technology can be charged multiple heat sources, such as residual heat, biomass, and renewables, as well as from electrical sources using embedded electric heathers within the TES system. The 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. --- The TES system is capable of being implemented into both power plants and industrial facilities. Its applications may vary, but include, and are not limited to, the use in recovering wasted heat in production processes, solar thermal power plants, cogeneration plants, and the electrification of heat. The TES system is passive, meaning that it can function with no moving parts, motors or chemical materials that change their accumulation state and, therefore, has relatively low maintenance and operating requirements compared to other energy storage solutions. Our TES systems are suitable for integration into gas powered and combined cycle power plants, which can provide energy shifting, improve their ramp-up rates, add flexibility to their operations profile. Integration of the TES system in coal power plants can provide customers with grid storage capabilities by charging with curtailed renewable energy, and generating electricity during peak hours. Massive implementation of this application could eventually transform coal power plants into grid storage plants. We are focused on the sale of thermal storage equipment using two different business models. To date, all of our projects have been made using the sale of equipment model in which we design and sell our equipment to third party customers, install the equipment at the customer’s site and the customer remains the owner of the equipment and we provide warranty and maintenance services to the customer at a predetermined price as part of the sale package. We intend to implement in the near future a second business model, which we refer to as an ESCO – energy service company model, wherein we lease our equipment to third party customers, install our equipment at a customer’s site, provide operation and maintenance services. We then sell energy (steam, hot air, etc.) to the customer at agreed upon prices. The ESCO model is more suitable to industrial customers who are not energy experts and wish to outsource their energy services. We market our products through exclusive and non-exclusive distributers in our target markets, with online marketing efforts to attract potential customers, and direct outreach to potential customers through our sales team. Our primary target markets are in the United States, Europe, Brazil, and Israel. We are establishing commercial pilots in each of these target markets and, depending on their success, we expect to develop our sales and services for future customers in these regions. Since our incorporation, we have had ongoing losses and incurred negative cash flows from operating activities. For example, as of December 31, 2021, we had operating losses of $11,066 thousand. We have mainly financed our activities through private issuances of Ordinary Shares. Management’s plans in regard to these uncertainties include continuing commercialization of our services and securing sufficient financing through the sale of additional equity securities or debt. There are no assurances however, that we will be successful in obtaining the level of financing needed for our operations or that such financing will be available on terms acceptable to us. We are an Israeli corporation based in Rosh Haayin, Israel, and were incorporated in Israel in 2012. In August 2017, we became a public company in Israel and our Ordinary Shares were listed for trade on the TASE. Our principal executive offices are located at 13 Amal St. 4th Floor, Park Afek, Rosh Haayin, 4809249 Israel. Brenmiller Energy Ltd. (BNRG) is classified as a micro-cap stock in the Materials sector, specifically within the Construction Materials industry. The company is led by CEO Avraham Brenmiller and employs approximately 70 people. With a market capitalization of $2M, BNRG is one of the notable companies in the Materials sector.

Brenmiller Energy Ltd. (BNRG) Stock Rating — Avoid (April 2026)

As of April 2026, Brenmiller Energy Ltd. receives a Avoid rating with a composite score of 19.7/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.BNRG ranks #4,400 out of 4,446 stocks in our coverage universe. Within the Materials sector, Brenmiller Energy Ltd. ranks #295 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

BNRG Stock Price and 52-Week Range

Brenmiller Energy Ltd. (BNRG) currently trades at $0.57. The stock lost $0.01 (2.3%) in the most recent trading session. The 52-week high for BNRG is $4.09, which means the stock is currently trading -86.0% from its annual peak. The 52-week low is $0.40, putting the stock 43.0% above its annual trough. Recent trading volume was 58K shares, suggesting relatively thin trading activity.

Is BNRG Overvalued or Undervalued? — Valuation Analysis

Brenmiller Energy Ltd. (BNRG) carries a value factor score of 3/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.33x, versus the sector average of 2.83x.

At current multiples, Brenmiller Energy Ltd. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Brenmiller Energy Ltd. Profitability — ROE, Margins, and Quality Score

Brenmiller Energy Ltd. (BNRG) earns a quality factor score of 18/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -265.9%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -100.1% versus the sector average of 0.6%.

Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

BNRG Debt, Balance Sheet, and Financial Health

Brenmiller Energy Ltd. has a debt-to-equity ratio of 132.0%, compared to the Materials sector average of 41.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $6M. Cash and equivalents stand at $4M.

BNRG has a beta of 1.27, meaning it is more volatile than the broader market — a $10,000 investment in BNRG would be expected to move 26.8% more than the S&P 500 on any given day. The stability factor score for Brenmiller Energy Ltd. is 13/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Brenmiller Energy Ltd. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Brenmiller Energy Ltd. reported revenue of $0 and earnings per share (EPS) of $-1.29. Net income for the quarter was $-3M. Operating income came in at $-11M.

In FY 2024, Brenmiller Energy Ltd. reported revenue of $0 and earnings per share (EPS) of $-1.29. Net income for the quarter was $-3M. Operating income came in at $-11M.

In FY 2023, Brenmiller Energy Ltd. reported revenue of $621,000 and earnings per share (EPS) of $-4.99. Net income for the quarter was $-10M. Gross margin was -150.4%. Operating income came in at $-10M.

In FY 2022, Brenmiller Energy Ltd. reported revenue of $0. Net income for the quarter was $-11M. Gross margin was -24.3%. Operating income came in at $-9M.

Over the past 5 quarters, Brenmiller Energy Ltd. has experienced revenue contraction from $395,000 to $0. Investors analyzing BNRG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

BNRG Dividend Yield and Income Analysis

Brenmiller Energy Ltd. (BNRG) does not currently pay a dividend. This is common among smaller companies in the Construction Materials industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

BNRG Momentum and Technical Analysis Profile

Brenmiller Energy Ltd. (BNRG) has a momentum factor score of 17/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 33/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 52/100 reflects moderate short selling activity.

BNRG vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, Brenmiller Energy Ltd. (BNRG) ranks #295 out of 284 stocks based on the Blank Capital composite score. This places BNRG in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing BNRG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BNRG vs S&P 500 (SPY) comparison to assess how Brenmiller Energy Ltd. stacks up against the broader market across all factor dimensions.

BNRG Next Earnings Date

No upcoming earnings date has been announced for Brenmiller Energy Ltd. (BNRG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy BNRG? — Investment Thesis Summary

The quantitative profile for Brenmiller Energy Ltd. suggests caution. The quality score of 18/100 flags below-average profitability. The value score of 3/100 indicates premium valuation. Momentum is weak at 17/100, a headwind for near-term performance. High volatility (stability score 13/100) increases portfolio risk.

In summary, Brenmiller Energy Ltd. (BNRG) earns a Avoid rating with a composite score of 19.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BNRG stock.

Related Resources for BNRG Investors

Explore more research and tools: BNRG vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare BNRG head-to-head with peers: BNRG vs CF, BNRG vs NTR, BNRG vs UAN.