SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy Corporation (NYSE: BE) reported today its financial results for the fourth quarter and the full year ended December 31, 2023. The company had record revenue of $1.3 billion for the full year driven by continued growth in product and service revenue. Fourth Quarter Highlights Revenue of $356.9 million in the fourth quarter of 2023, a decrease of 22.8% compared to $462.6 million in the fourth quarter of 2022. Product and service revenue of $314.4 million in t ...

The hydrogen economy continues to emerge, making hydrogen stocks highly attractive to investors. Hydrogen is expected to work in tandem with renewable electricity to decarbonize hard-to-reach sectors.Hydrogen energy is an alternative to fossil fuels and has the potential to power the world in a cleaner manner. According to a McKinsey analysis, hydrogen could contribute to more than 20% of global emissions reductions by the year 2050.There were more than 1,000 large-scale hydrogen projects announced by May o ...

Bloom Electrolyzer 10 Electrolyzer Competition We have invested and plan to continue to invest a significant amount in research and development. See our discussion of research and development expenses in Part II, Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations of this Annual Report on Form 10-K for further information. We regularly review our development efforts to assess the existence and patentability of new intellectual property. We pursue the registration of ...

SAN JOSE, Calif.--(BUSINESS WIRE)--In cities around the world, variable load, power-intensive applications, such as AI data centers, EV charging stations and commercial developments are rapidly coming online. Intermittent electricity sources are struggling to meet this demand, leaving substantial shortages in power. To address this growing problem, Bloom Energy (NYSE:BE), a world leader in fuel cell electricity production, today announced a new flexible load following solution for its Energy Server® platfo ...

Bloom Energy (BE) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 1 ...

While the Biden Administration did pass the Inflation Reduction Act in 2022, which provides tax incentives and subsidies to clean energy projects, hydrogen stocks ended 2023 on a sour note. Case in point, the Global X Hydrogen ETF (NASDAQ:HYDR) fell 36.5%. If you glance at how the ETF has performed over the last twelve months, its price has fallen by more than 55%. Investors desiring to allocate to clean energy equities assets, should probably regard this major dip in equity value as an opportunity to alloc ...

This year isn’t off to a great start for Bloom Energy (NYSE:BE), which is falling today on news that Bank of America Securities has downgraded shares. Specifically, BofA analyst Julien Dumoulin-Smith has lowered BE stock to an “underperform” rating. Of course, not all of Wall Street is so bearish on Bloom, but Dumoulin-Smith’s take has been enough to send shares down today.Does this mean that it’s time to sell BE stock before shares fall even further? Not necessarily. The company may be struggling now, but ...

Shares of Bloom Energy Corp. sagged Monday toward their worst monthly performance in nearly two years after BofA Securities turned bearish on the hydrogen manufacturer, citing concerns that revenue growth won’t ramp up as much as was expected.Analyst Julien Dumoulin-Smith said he has not seen evidence of the commercial successes that have been anticipated, and therefore now expects revenue to be flat over the next few years, compared to previous expectations of accelerating growth.Dumoulin-Smith downgraded ...

Per the U.S. Energy Information Energy (EIA), wind generation in the United States is projected to increase 30 billion kilowatt-hours (kWh) in 2024. This should bolster alternative energy stocks’ prospects.  However, the rising price of wind turbines and the strained U.S.-China relationship might impact the growth rate of these stocks. Nevertheless, the boom in the electric vehicle market, which is expected to witness a CAGR of more than 15.5% during 2023-2032, has been a key growth catalyst for the alterna ...

While it's unclear, so far, whether the S&P 500 will succeed in staving off a losing week, there's little doubt that hydrogen stocks will end up significantly lower than before trading began on Monday morning. Between shareholders fearing dilution and the prospect of increased competition, several factors have motivated investors to click the sell button this week.According to data provided by S&P Global Market Intelligence, Plug Power (PLUG 3.93%) stock plummeted 30% from the end of trading last Friday thr ...