Bimergen Energy Corporation

AI-generated fair value estimate for this company.

Method: 10-year risk-adjusted DCF on pipeline revenue conversion: base TTM revenue $7.9M (Bimergen's first commercial revenue, reported Q2 2026), revenue grown to $60M by Year 10 (~15% of management's stated $400M long-term pipeline revenue potential from its 2GW BESS/solar pipeline, risk-adjusted for early-stage execution risk), EBITDA margin ramp 5%-30%, 20% discount rate for small-cap/illiquid/execution risk, 3% terminal growth, plus $8.7M net cash, less a 25% dilution haircut given the company's history of heavy share issuance/reverse splits

Reasoning: Bimergen is an early-stage, recently uplisted (NYSE American) BESS/solar developer that only just booked its first-ever revenue; a risk-adjusted pipeline DCF fits its lumpy, project-based revenue far better than a steady-state multiple, given the large gap between current run-rate and management's long-term pipeline target