We're also waiting on potential interest rate cuts from the Federal Reserve. At the moment, higher rates have made it far more expensive to finance renewable energy projects. However, with a good amount of fear priced into hydrogen stocks, and new investments, such as the recent $1.78 billion Department of Energy loan to Plug Power (NASDAQ:PLUG), it may be time to use the excessive fear in hydrogen as an opportunity. That being said, here are just a few hydrogen stocks to buy on the dip. Linde (LIN) Source: ...

At least part of the move this week was because of a short squeeze in stocks. On Monday, Reddit personality Roaring Kitty made a return and caused traders to speculate there could be short squeezes in some stocks. That caused dozens of stocks to have major moves higher, and as highly shorted stocks, Plug Power, FuelCell Energy, and Bloom Energy were some of the beneficiaries of that speculation. It didn't hurt that interest rates have also been on the decline, which makes it easier to finance projects over ...

Shares of Bloom Energy (BE) have gained 3.2% over the past four weeks to close the last trading session at $11.74, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $15.55 indicates a potential upside of 32.5%.The mean estimate comprises 21 short-term price targets with a standard deviation of $5.10. While the lowest estimate of $9 indicates a 23.3% decline from the current price ...

Bloom Energy Corporation (NYSE:BE) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Ed Vallejo - Head of Investor Relations KR Sridhar - Founder, Chairman & Chief Executive Officer Greg Cameron - Outgoing President & Chief Financial Officer Daniel Berenbaum - Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley Manav Gupta - UBS Chris Dendrinos - RBC Capital Markets Sherif Elmaghrabi - BTIG Ameet Thakkar - BMO Capital Markets Biju Perincheril - SFG ...

Q1 2024 Earnings May 9, 2024 Forward-looking statements and non-GAAP financial measures This presentation contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "could," "estimate," "expe ...

Costs Related to Our Products Product Revenue | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------|-------|---------------------------|-----------|------------------------|-------|-----------------|----------| | | | Three Months Ended \n2024 | March 31, | \n2023 | | Change \nAmount | % | | | | | | (dollars in thousands) | | | | | Product | $ | 115,757 | $ | 129,613 | $ | (13,856) | (10.7)% | | Installation | | 15,353 | | 25,100 | | (9,747) | (38.8)% | | Service | | 56,506 | | 51,244 | ...

Revenue and Financial Performance - Revenue for Q1 2024 was $235.3 million[13] - Revenue for Q1'24 was $235.3 million, a 14.5% decrease compared to $275.2 million in Q1'23[52] - Total revenue for Q1 2024 was $235.3 million, a decrease from $356.9 million in Q4 2023 and $275.2 million in Q1 2023[65] - Q1'24 revenue decreased to $235.3 million, down 34.1% from Q4'23 and 14.5% from Q1'23[82] - Product and service revenue for Q1'24 was $209.8 million, a 10.5% decrease compared to $234.4 million in Q1'23[52] - Related party revenue for Q1 2024 was $122.2 million, compared to $126.2 million in Q4 2023 and $0.8 million in Q1 2023[59] Gross Margin and Profitability - Gross margin for Q1'24 was 16.2%, a decrease of 3.5 percentage points compared to 19.7% in Q1'23[52] - Non-GAAP gross margin for Q1'24 was 17.5%, a decrease of 3.7 percentage points compared to 21.2% in Q1'23[52] - Gross profit for Q1 2024 was $38.1 million, down from $92.4 million in Q4 2023 and $54.3 million in Q1 2023[65] - GAAP gross margin for Q1 2024 was 16.2%, down from 25.9% in Q4 2023 and 19.7% in Q1 2023[78] - Non-GAAP gross margin for Q1 2024 was 17.5%, compared to 27.4% in Q4 2023 and 21.2% in Q1 2023[78] - Gross margin for Q1'24 was 16.2%, a decline from 25.9% in Q4'23 and 19.7% in Q1'23[82] Operating Performance - Operating loss for Q1'24 was $49.0 million, an improvement of $14.7 million compared to $63.7 million in Q1'23[52] - Non-GAAP operating loss for Q1'24 was $30.7 million, an improvement of $3.4 million compared to $34.1 million in Q1'23[52] - Operating loss in Q1'24 was $49.0 million, compared to an operating income of $12.9 million in Q4'23 and a loss of $63.7 million in Q1'23[82] - Operating expenses in Q1'24 were $87.1 million, up 9.6% from Q4'23 but down 26.2% from Q1'23[82] - Total operating expenses for Q1 2024 were $87.1 million, up from $79.5 million in Q4 2023 but down from $117.9 million in Q1 2023[65] - Research and development expenses for Q1 2024 were $35.5 million, up from $33.6 million in Q4 2023 but down from $45.7 million in Q1 2023[65] Net Loss and Earnings - Adjusted Net Loss for Q1 2024 was $(38,432) thousand, compared to $19,421 thousand in Q4 2023 and $(45,445) thousand in Q1 2023[31] - Net loss for Q1 2024 was $56.5 million, compared to a net income of $4.1 million in Q4 2023 and a net loss of $74.9 million in Q1 2023[65] - Net loss to common stockholders in Q1'24 was $57.5 million, compared to a net income of $4.5 million in Q4'23 and a loss of $71.6 million in Q1'23[82] - GAAP EPS, diluted, was $(0.25) in Q1'24, compared to $0.02 in Q4'23 and $(0.35) in Q1'23[82] Cash Flow and Liquidity - Net cash used in operating activities for Q1 2024 was $(147,266) thousand, compared to $121,833 thousand in Q4 2023 and $(314,710) thousand in Q1 2023[5] - Cash and cash equivalents decreased to $515,957 thousand in Q1 2024 from $664,593 thousand in Q1 2023[20] - Net cash provided by financing activities for Q1 2024 was $7,150 thousand, compared to $1,188 thousand in Q4 2023 and $306,487 thousand in Q1 2023[28] Balance Sheet and Assets - Total assets decreased to $2,286,054 thousand in Q1 2024 from $2,413,677 thousand in Q1 2023[20] - Inventories increased to $526,351 thousand in Q1 2024 from $502,515 thousand in Q1 2023[20] - Accounts payable decreased to $94,231 thousand in Q1 2024 from $132,078 thousand in Q1 2023[20] - Deferred revenue and customer deposits decreased to $94,696 thousand in Q1 2024 from $128,922 thousand in Q1 2023[20] - Total stockholders' equity as of March 31, 2024 was $489.2 million, down from $520.7 million as of December 31, 2023[72] - The company has a variable interest entity related to a joint venture in the Republic of Korea, with related party balances of $292.4 million as of March 31, 2024[75] Stock-Based Compensation and Non-GAAP Metrics - Stock-based compensation expense for Q1 2024 was $18,860 thousand, compared to $7,500 thousand in Q4 2023 and $29,553 thousand in Q1 2023[31] - Stock-based compensation expense for Q1'24 was $18.9 million, compared to $7.5 million in Q4'23 and $29.6 million in Q1'23[36] - Adjusted EBITDA for Q1'24 was $(18.2) million, compared to $39.8 million in Q4'23 and $(15.9) million in Q1'23[41] Outlook and Strategic Focus - Bloom Energy reaffirms its 2024 outlook with expected revenue of $1.4 - $1.6 billion and non-GAAP gross margin of ~28%[56] - Non-GAAP operating income for 2024 is projected to be between $75 - $100 million[56] - Bloom Energy's solid oxide platform is transforming distributed generation of electricity and hydrogen, targeting a net-zero future[83] Non-Operating Expenses - Non-operating expenses in Q1'24 were $8.5 million, slightly up from $8.4 million in Q4'23 and $7.9 million in Q1'23[82]

Clean hydrogen could be key to decarbonizing the economy, and Bloom Energy is one company leading the way.Hydrogen is Earth's most abundant chemical element and could be vital in decarbonizing the global economy. Some see hydrogen as the "new oil" and say it could be a key component in helping companies meet carbon reduction goals.Bloom Energy (BE 10.99%) is one company leading the charge. The hydrogen energy company has been working on manufacturing fuel cell and electrolyzer systems that could allow for g ...

There are some multibagger hydrogen stocks that investors should have on their radars.Investing in companies involved in the hydrogen industry could potentially offer significant growth opportunities for investors. The shift towards clean energy and the increasing demand for sustainable solutions are driving factors. These could propel the hydrogen sector forward in the coming years.Hydrogen is a clean-burning fuel that produces only water as a byproduct, making it an attractive alternative to fossil fuels. ...

If even Plug Power can't earn profits from fuel cell hydrogen, what hope is there for Bloom Energy and FuelCell Energy?'Twas the morning after Earth Day, and all through Wall Street, lots of fuel cell stocks were stirring this morning. As of 10:20 a.m. ET, shares of Plug Power (PLUG 5.42%) had risen 8.2%, Bloom Energy (BE 5.63%) was up by 9.3%, and FuelCell Energy (FCEL 10.81%) was doing best of all -- up 11.9%. Considering the calendar, investor interest in renewable energy stocks this week was probably to ...