Bloom Energy(BE)

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Why Bloom Energy Stock Just Jumped 11%
The Motley Fool· 2024-08-09 15:22
All aboard, investors. This fuel cell energy train may be about ready to leave the station. Bloom Energy (BE 8.59%) stock soared 11% through 9:50 a.m. ET after reporting an earnings miss but a revenue beat last night. Heading into the quarter, analysts forecast the fuel cell energy stock would lose $0.04 per share on $307.5 million in sales. Bloom's losses were bigger than expected at $0.06 per share. However, sales came in much stronger than expected at $335.8 million -- and investors seem to like that new ...
Bloom Energy Corp-A:执行力强;对2024财年指引充满信心
海通国际· 2024-08-09 05:31
Investment Rating - Bloom Energy maintains an **Outperform** rating with a target price of $25 [43] Core Views - Bloom Energy's Q2 2024 performance exceeded market expectations, reporting revenue of $335.8 million, surpassing the consensus estimate of $307.9 million [2] - The company reaffirmed its 2024 fiscal year revenue guidance of $1.4-1.6 billion, representing a 5-20% year-over-year growth, with a non-GAAP gross margin target of 28% [2] - Bloom Energy highlighted its strong execution capabilities and expects a larger share of business in the second half of 2024 [2] Financial Performance - Adjusted net loss for Q2 2024 was $14 million, better than the market consensus of $16.5 million [2] - Non-GAAP gross margin improved to 21.8% in Q2 2024, up from 17.5% in Q1 2024, though still below the full-year target of 28% [3] - Product segment gross margin increased significantly from 25.7% in Q1 2024 to 29.8% in Q2 2024 [3] - Adjusted EBITDA for Q2 2024 was $10.2 million, below the market consensus of $13.1 million [3] Market and Operational Highlights - Bloom Energy has signed and deployed over 300MW of data center-related power capacity agreements, with future transactions expected to range from 1MW to 100MW [2] - The company secured approval from Silicon Valley Power to use its fuel cells for a 20MW AWS data center in California [3] - Bloom Energy emphasized its leadership in hydrogen fuel cell technology, achieving 60% electrical efficiency and 90% thermal efficiency when using 100% hydrogen [3] - The company expects strong demand growth driven by global electrification trends across industries, particularly as utilities struggle to expand grid connectivity [3] Geographic and Segment Focus - Domestic sales accounted for 83% of Q2 2024 revenue, a significant shift from 40% in Q1 2024, indicating a stronger focus on the US market [3] - Bloom Energy continues to build its customer base across the data center value chain, including its recent transaction with Quanta [3] Future Outlook - The company anticipates announcing greenfield AI data center deals by the end of 2024, with an initial opportunity estimated at 0.5GW [3] - Bloom Energy expects robust business performance in the second half of 2024, with positive CFO anticipated [2]
Bloom Energy(BE) - 2024 Q2 - Earnings Call Presentation
2024-08-09 01:42
Q2 2024 Earnings August 8, 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," "e ...
Bloom Energy (BE) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-08-08 22:41
Bloom Energy (BE) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this developer of fuel cell systems would post a loss of $0.10 per share when it actually produced a loss of $0.17, delivering a surprise of -70%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Bloom Energy, which bel ...
Bloom Energy Stock Sank This Week Heading Into Its Latest Earnings Report; Then Bounced
The Motley Fool· 2024-08-08 21:25
Bloom Energy is tapping into the exploding data center market. Shares of hydrogen fuel cell maker Bloom Energy (BE 6.46%) were down 10% for the week at market close today, just before the company released its second-quarter results. The only news from the company itself this week before the quarterly report was an announcement of a new, more efficient fuel cell it is offering to help power the growing data center server market. Power needs are expanding as data centers are built to hold servers used for art ...
Bloom Energy(BE) - 2024 Q2 - Quarterly Report
2024-08-08 20:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to ____________ Commission File Number: 001-38598 ________________________ ...
Bloom Energy(BE) - 2024 Q2 - Quarterly Results
2024-08-08 20:04
Bloomenergy Bloom Energy Reports Second Quarter 2024 Financial Results Reiterating 2024 financial guidance SAN JOSE, Calif., August 8, 2024 — Bloom Energy Corporation (NYSE: BE) reported today its financial results for the second quarter ended June 30, 2024. The company reported revenue of $335.8 million for the second quarter of 2024. Second Quarter Highlights • Revenue of $335.8 million in the second quarter of 2024, an increase of 11.5% year-over-year. • Gross margin of 20.4% in the second quarter of 202 ...
3 Undervalued Renewable Energy Stocks to Buy for 100% Returns
Investor Place· 2024-07-31 19:42
The performance of renewable energy stocks has been mixed in the last few quarters. Factors like macroeconomic headwinds and surplus inventory have impacted growth and profitability. However, there is no doubt that the world will move towards higher renewable energy adoption in the coming years and decades. The correction, therefore, presents a good opportunity to accumulate undervalued renewable energy stocks. Regarding the growth potential, the annual average investment in renewable power generation "must ...
Here's Why Bloom Energy (BE) Gained But Lagged the Market Today
ZACKS· 2024-07-26 23:05
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.14 per share and a revenue of $1.47 billion, indicating changes of +240% and +10.07%, respectively, from the former year. In terms of valuation, Bloom Energy is currently trading at a Forward P/E ratio of 101.61. For comparison, its industry has an average Forward P/E of 23.38, which means Bloom Energy is trading at a premium to the group. The developer of fuel cell systems's shares have seen an increase of 11.04% over ...
Bloom Energy (BE) Flat As Market Sinks: What You Should Know
ZACKS· 2024-07-25 23:21
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.14 per share and a revenue of $1.47 billion, signifying shifts of +240% and +10.07%, respectively, from the last year. Prior to today's trading, shares of the developer of fuel cell systems had gained 14.74% over the past month. This has outpaced the Oils-Energy sector's loss of 11.51% and the S&P 500's loss of 0.26% in that time. It's also important for investors to be aware of any recent modifications to analyst estimates for B ...