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 ...

Q3 2023 Earnings November 8, 2023 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," ...

Bloom Energy Corporation (NYSE:BE) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Ed Vallejo - Vice President, Investor Relations KR Sridhar - Founder, Chairman and Chief Executive Officer Greg Cameron - President and Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley Julien Dumoulin-Smith - Bank of America Chris Dendrinos - RBC Capital Markets Ben Kallo - Baird Manav Gupta - UBS Jordan Levy - Truist Securities Colin Rusch - Oppenheimer an ...

Cash and Cash Equivalents - Cash and cash equivalents increased to $557.4 million as of September 30, 2023, compared to $348.5 million as of December 31, 2022[42] - Money market funds held as cash equivalents totaled $489.4 million as of September 30, 2023[51] - Cash and cash equivalents increased to $557.384 million as of September 30, 2023, compared to $348.498 million as of December 31, 2022[42] - Money market funds, classified as Level 1 assets, amounted to $489.395 million as of September 30, 2023[51] Accounts Receivable - Accounts receivable rose to $334.5 million as of September 30, 2023, up from $251.0 million as of December 31, 2022[42] - Accounts receivable rose to $334.495 million as of September 30, 2023, up from $250.995 million as of December 31, 2022[42] Inventories - Inventories grew to $475.6 million as of September 30, 2023, compared to $268.4 million as of December 31, 2022[42] - Inventories grew to $475.649 million as of September 30, 2023, compared to $268.394 million as of December 31, 2022[42] Total Current Assets - Total current assets increased to $1.68 billion as of September 30, 2023, from $1.06 billion as of December 31, 2022[42] - Total current assets increased to $1.682472 billion as of September 30, 2023, from $1.055963 billion as of December 31, 2022[42] Net Loss and Comprehensive Loss - Net loss for the three months ended September 30, 2023, was $168.1 million, compared to $60.4 million for the same period in 2022[45] - Comprehensive loss for the nine months ended September 30, 2023, was $313.6 million, compared to $266.1 million for the same period in 2022[45] - Net loss for the three months ended September 30, 2023 was $168.078 million, compared to $60.392 million in the same period in 2022, representing a 178.3% increase[62] - Net loss for the three months ended September 30, 2023, was $168.078 million, compared to $60.392 million for the same period in 2022[45] - Comprehensive loss for the nine months ended September 30, 2023, was $313.574 million, compared to $266.078 million for the same period in 2022[45] - Net loss for the three months ended September 30, 2023 was $168.078 million, compared to a net loss of $60.392 million in the same period in 2022[62] Related Party Revenue - Related party revenue for the nine months ended September 30, 2023, was $361.0 million, compared to $30.2 million for the same period in 2022[44] - Related party revenue for the nine months ended September 30, 2023, was $361.0 million, compared to $30.2 million for the same period in 2022[44] Total Liabilities - Total liabilities increased to $1.87 billion as of September 30, 2023, from $1.57 billion as of December 31, 2022[42] - Total liabilities increased to $1.870972 billion as of September 30, 2023, from $1.567811 billion as of December 31, 2022[42] Total Stockholders' Equity - Total stockholders' equity rose to $505.2 million as of September 30, 2023, compared to $378.8 million as of December 31, 2022[42] - Total stockholders' equity rose to $505.200 million as of September 30, 2023, compared to $378.816 million as of December 31, 2022[42] Total Revenue - Total revenue for the three months ended September 30, 2023 was $400.268 million, compared to $292.274 million in the same period in 2022, representing a 36.9% increase[62] - Total revenue for the three months ended September 30, 2023 was $400.268 million, a 36.9% increase compared to $292.274 million in the same period in 2022[62] Revenue by Region - Revenue from the Asia Pacific region accounted for 35% of total revenue for the three months ended September 30, 2023, down from 58% in the same period in 2022[76] - Revenue from the Asia Pacific region accounted for 35% of total revenue in the three months ended September 30, 2023, down from 58% in the same period in 2022[76] Revenue Concentration - Two customers accounted for approximately 40% and 31% of total revenue for the three months ended September 30, 2023[77] - Two customers accounted for 40% and 31% of total revenue in the three months ended September 30, 2023[77] Financing Activities - The company issued $632.5 million in 3% Green Convertible Senior Notes on May 16, 2023, with net proceeds of $612.7 million[72] - The company entered into an amended securities purchase agreement with SK ecoplant on March 20, 2023, issuing 13,491,701 shares of Series B redeemable convertible preferred stock for $311.0 million[71] - The company issued $632.5 million in 3% Green Convertible Senior Notes in May 2023, with net proceeds of $612.7 million[72] - The company entered into an agreement with SK ecoplant in March 2023, issuing 13,491,701 shares of Series B redeemable convertible preferred stock for $311.0 million[71] Operating Cash Flows - Operating cash flows from operating leases were $23.684 million for the three months ended September 30, 2023, compared to $11.759 million in the same period in 2022[67] Future Capital Requirements - The company expects its existing cash and cash equivalents, combined with expected operating cash flows, to be sufficient to meet operational and capital cash flow requirements for the next 12 months[74] - The company's future capital requirements depend on factors such as revenue growth, R&D spending, system build volumes, and market expansion[73] - The company expects existing cash and cash equivalents, along with operating cash flows, to be sufficient to meet operational and capital cash flow requirements for the next 12 months[74] Deferred Revenue - The company's deferred revenue is expected to be recognized over a period of up to 21 years, primarily related to maintenance services and product acceptance[81] Gross Loss and Operating Expenses - Gross loss for the three months ended September 30, 2023 was $5.214 million, compared to a gross profit of $50.944 million in the same period in 2022[62] - Operating expenses for the three months ended September 30, 2023 were $98.494 million, a 4.9% decrease compared to $103.536 million in the same period in 2022[62] - Research and development expenses for the three months ended September 30, 2023 were $35.126 million, a 2.8% decrease compared to $36.146 million in the same period in 2022[62]