Shares of hydrogen fuel cell company Bloom Energy (BE -0.23%) fell as much as 14.9% in trading this week and ended down 13.2% from last Friday's close, according to data provided by S&P Global Market Intelligence. Renewable energy stocks are selling off overall, but Bloom Energy's problems are related to a disappointing earnings report.From bad to worseRevenue dropped 22.8% in the fourth quarter to $356.9 million, and non-GAAP gross margin dropped 300 basis points to 27.4%. Non-GAAP operating profit fell fr ...

Hydrogen stocks ended 2023 on a sour note and have not started 2024 on good footing either. The Global X Hydrogen ETF (NASDAQ:HYDR), which holds 27 different hydrogen energy companies, has fallen 19.4% on a year-to-date basis. However, this doesn’t mean the sector will not benefit from long-terms secular trends. For example, the Inflation Reduction Act of 2022 provides tax incentives and subsidies to clean energy projects, including hydrogen energy projects. Investors desiring to allocate to clean energy eq ...

By now you've probably heard the bad news about Bloom Energy (BE -9.72%). On Thursday, the hydrogen fuel cell pioneer announced a big revenue miss and a 23% decline in revenue year over year for its fiscal fourth quarter of 2023. The CFO announced he's leaving the company, and investors seemed inclined to do likewise, selling off Bloom stock by 17.5%.On Tuesday, the selling continued, with Bloom stock losing a further 9.1% through 3:05 p.m. ET -- and Bank of America may be the reason.A late downgrade from B ...

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Bloom Energy (BE -19.13%) shares are ending the week on a very sour note. The hydrogen energy company reported fourth-quarter results last night, and the market has sent its shares toward a four-year low today.As of 1:30 p.m. ET, Bloom shares were lower on the day by 19.2%. That's partially because the company reported a nearly 23% drop in revenue compared to last year's fourth quarter. But there was another reason why the shares are hitting multiyear lows.Losing its chief financial officerAlong with its fi ...

Shares of Bloom Energy Corp. tumbled toward a four-year low on Friday, after the hydrogen and electricity generator’s disappointing earnings report and outlook prompted ratings downgrades by analysts.The separate announcement that Chief Financial Officer Greg Cameron was leaving the company, after four years in the role, was also seen by analysts as a reason to stop buying Bloom Energy’s stock.The stock BE, +2.22% tumbled 19.1% in premarket trading, to put it on track to open around the lowest closing price ...

Bloom Energy Corporation (NYSE:BE) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET Company Participants Ed Vallejo - Vice President, Investor Relations KR Sridhar - Founder, Chairman & Chief Executive Officer Aman Joshi - Chief Commercial Officer Greg Cameron - President & Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley Manav Gupta - UBS Dushyant Ailani - Jefferies Pavel Molchanov - Raymond James Ben Kallo - Baird Colin Rusch - Oppenheimer Michael Blum - We ...

Bloom Energy (BE) reported $356.92 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 22.8%. EPS of $0.07 for the same period compares to $0.27 a year ago.The reported revenue represents a surprise of -25.94% over the Zacks Consensus Estimate of $481.9 million. With the consensus EPS estimate being $0.08, the EPS surprise was -12.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

Q4 & FY2023 Earnings February 15, 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," "estima ...

Bloom Energy (BE) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.50%. A quarter ago, it was expected that this developer of fuel cell systems would post a loss of $0.03 per share when it actually produced earnings of $0.15, delivering a surprise of 600%.Over the last four quarter ...