U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling by more than 300 points on Friday.The Dow traded down 0.78% to 43,410.32 while the NASDAQ fell 2.50% to 18,630.37. The S&P 500 also fell, dropping, 1.51% to 5,859.61.Check This Out: Top 4 Utilities Stocks That May Keep You Up At Night This QuarterLeading and Lagging SectorsUtilities shares rose by 1% on Friday.In trading on Friday, information technology shares fell by 2.7%.Top HeadlineThe total number of active U.S. oil ri ...

Bloom Energy (BE 43.37%) investors are having a terrific Friday, as shares of the renewable energy company surged 47.8% through 10:30 a.m. ET.Last night, Bloom Energy announced a deal to supply up to 1 gigawatt's-worth of fuel cells to electric utility American Electric Power (AEP 2.05%). Bloom's bigger newsLast night's announcement comes on the heels of a miserable earnings report from Bloom last week -- a report that was redeemed by Bloom's announcement of a deal to set up an 80-megawatt fuel cell system ...

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

Investment Rating - The report maintains a revenue guidance for Bloom Energy for FY2024 at $1.4 to $1.6 billion, representing a year-over-year growth of 5-20% [1][2] Core Insights - Bloom Energy's Q3 performance was disappointing, with reported revenue of $330 million, aligning with market expectations, but a net loss of $15 million was significantly below the anticipated profit of $19 million [1][2] - The company reiterated its FY2024 guidance for gross margin and revenue, emphasizing that it has signed and deployed power capacity agreements related to data centers exceeding 300 MW [1][2] - The adjusted EBITDA for Q3 was $21 million, falling short of the expected $49 million, attributed to lower-than-expected product and service revenues [2] Summary by Sections Financial Performance - Q3 revenue was reported at $330 million, consistent with market expectations, while adjusted net loss was $15 million, contrasting with the expected profit of $19 million [2] - The adjusted EBITDA for Q3 was $21 million, significantly lower than the anticipated $49 million, indicating challenges in revenue generation [2][4] Guidance and Projections - The company reaffirmed its revenue guidance for FY2024 at $1.4 to $1.6 billion, with a projected growth rate of 5-20% year-over-year [1][2] - The non-GAAP gross margin is expected to be 28%, with operating income projected between $75 million and $100 million [1] Market Focus - The average selling price in Q3 was $3,171 per kW, reflecting a 6% decrease from the previous quarter [2] - The company reported that international sales accounted for 48% of total sales in Q3, a significant shift from 17% in the previous quarter [2]

Bloom Energy could be about to turn profitable.Fuel cell manufacturer Bloom Energy (BE 21.13%) soared 20.4% through 11:50 a.m. ET Friday, which is kind of strange... because last night Bloom Energy reported its Q3 earnings -- and it missed pretty badly.Heading into the report, analysts forecast Bloom Energy would earn $0.08 per share on sales of $382.2 million. In fact, Bloom's Q3 sales were only $330.4 million, and instead of earning a profit, Bloom lost money -- $0.01 per share pro forma, and $0.06 per sh ...

Start Time: 17:00 January 1, 0000 5:57 PM ET Bloom Energy Corporation (NYSE:BE) Q3 2024 Earnings Call November 07, 2024, 17:00 PM ET Company Participants KR Sridhar - Founder, Chairman and CEO Dan Berenbaum - CFO Michael Tierney - VP, IR Conference Call Participants Andrew Percoco - Morgan Stanley Manav Gupta - UBS Chris Dendrinos - RBC Capital Markets Noel Parks - Tuohy Brothers Dushyant Ailani - Jefferies Sherif Elmaghrabi - BTIG Ameet Thakkar - BMO Capital Markets Henry Roberts - Truist Securities Martin ...

Q3 2024 Earnings November 7, 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," ...

Bloom Energy (BE) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.09. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -111.11%. A quarter ago, it was expected that this developer of fuel cell systems would post a loss of $0.06 per share when it actually produced a loss of $0.06, delivering no surprise.Over the last four quarters, the company has not ...

Revenue Performance - Total revenue for the three months ended September 30, 2024, was $330.4 million, a decrease of 17.4% compared to $400.3 million in the same period of 2023[9]. - Product revenue for the three months ended September 30, 2024, was $233.8 million, down 23.3% from $305.0 million in the same period of 2023[9]. - Total revenue from contracts with customers for the three months ended September 30, 2024, was $321.8 million, a decrease of 16% compared to $383.4 million in 2023[47]. - Total revenue from contracts with customers decreased to $874,435,000 in Q3 2024 from $927,501,000 for the same period in 2023, a decrease of about 5.7%[47]. - The company reported a total of $901,463,000 in revenue for the nine months ended September 30, 2024, compared to $976,554,000 in the same period of 2023, a decline of approximately 7.7%[47]. Financial Losses and Improvements - Net loss attributable to common stockholders for the three months ended September 30, 2024, was $14.7 million, compared to a net loss of $169.0 million in the same period of 2023[9]. - The company reported a loss from operations of $9.7 million for the three months ended September 30, 2024, significantly improved from a loss of $103.7 million in the same period of 2023[9]. - Comprehensive loss attributable to common stockholders for the three months ended September 30, 2024, was $14.2 million, compared to $169.3 million in the same period of 2023[10]. - The net loss for the nine months ended September 30, 2024, was $132.36 million, a significant improvement from a net loss of $312.05 million in the same period of 2023, representing a reduction of approximately 57.6%[18]. Expenses and Cost Management - Research and development expenses for the three months ended September 30, 2024, were $36.3 million, slightly up from $35.1 million in the same period of 2023[9]. - Total operating expenses for the three months ended September 30, 2024, were $88.4 million, down from $98.5 million in the same period of 2023[9]. - The company reported stock-based compensation expense of $55,016 for the nine months ended September 30, 2024, down from $77,160 in 2023, a reduction of approximately 28.7%[18]. Equity and Stockholder Information - Total stockholders' equity as of September 30, 2024, was $455.0 million, down from $520.7 million as of December 31, 2023[6]. - The total stockholders' equity as of September 30, 2024, was $454.99 million, an increase from $446.55 million as of June 30, 2024[12]. - The total equity attributable to common stockholders increased from $430,944,000 at June 30, 2024, to $454,992,000 at September 30, 2024, reflecting a growth of approximately 5.6%[12]. Cash Flow and Liquidity - Cash used in operating activities decreased to $392.23 million for the nine months ended September 30, 2024, compared to $494.36 million in 2023, reflecting a 20.6% improvement[18]. - The company reported a cash balance of $549.15 million at the end of the period, down from $637.70 million at the end of September 2023[18]. - The company anticipates that existing cash and expected operating cash flows will be sufficient to meet operational and capital cash flow requirements for the next 12 months[27]. Debt and Financing Activities - The company issued $402.5 million in 3% Green Convertible Senior Notes due June 2029, with net proceeds of $389.7 million after costs[25]. - As of September 30, 2024, total debt amounted to $1,154,563,000, with recourse debt at $1,150,000,000 and non-recourse debt at $4,563,000[71]. - The repayment schedule indicates a total outstanding loan principal of $1,154.563 million, with $632.5 million due in 2028 and $402.5 million thereafter[96]. Inventory and Asset Management - Inventory increased to $584,484,000 as of September 30, 2024, up from $502,515,000 as of December 31, 2023, with raw materials rising to $339,023,000[60]. - The company’s property, plant, and equipment net value was $484,505,000 as of September 30, 2024, compared to $493,352,000 as of December 31, 2023[63]. - Accounts receivable increased by $250.1 million for the nine months ended September 30, 2024, driven by transaction timing and changes in customer mix[40]. Tax and Regulatory Matters - For the three months ended September 30, 2024, the company recorded a pre-tax loss of $14.5 million, with an income tax provision of $0.1 million, resulting in an effective tax rate of (0.8)%[149]. - The effective tax rate for the three and nine months ended September 30, 2024, is lower than the statutory federal tax rate primarily due to a full valuation allowance against U.S. deferred tax assets[150]. Joint Ventures and Partnerships - The company entered into an amended joint venture agreement with SK ecoplant in September 2023, allowing SK ecoplant to increase its voting rights in the Korean joint venture to 60%[153]. - The total assets of the Korean joint venture reached $42.7 million as of September 30, 2024, up from $36.1 million as of December 31, 2023[156].

Bloomenergy Bloom Energy Reports Third Quarter 2024 Financial Results Reiterating 2024 Financial Guidance Announcing World's Largest Fuel Cell Installation SAN JOSE, Calif., November 7, 2024 — Bloom Energy Corporation (NYSE: BE) reported today its financial results for the third quarter ended September 30, 2024. The company reported revenue of $330.4 million for the third quarter of 2024. Third Quarter Highlights • Revenue of $330.4 million in the third quarter of 2024, a decrease of 17.5% year-over-year. • ...