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 | ...

SAN JOSE, Calif., May 9, 2024 — Bloom Energy Corporation (NYSE: BE) reported today its financial results for the first quarter ended March 31, 2024. The company reported revenue of $235.3 million for the first quarter of 2024. "We are seeing strong market interest, increasing momentum, and robust commercial activity across diverse end markets" said KR Sridhar, Founder, Chairman and CEO of Bloom Energy. "In addition to data centers, we view AI hardware supply chain industries as a good growth opportunity for ...

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 ...

2023 was a forgettable year for hydrogen stocks and the broader clean energy industry. Geopolitical issues, heightened interest rates, and rampant inflationary pressures were to blame for clean energy’s lackluster showing. Moreover, the Direxion Hydrogen ETF (NYSEARCA:HJEN) lost 20% of its value last year. This indicates the challenges confronted by the market.Nonetheless, hydrogen stocks could become multi-bagger investments for investors with a long-term investing horizon. Hydrogen and other renewable ene ...