This green-energy company could multiply the greenbacks for investors. The stock of hydrogen power specialist Bloom Energy (BE -2.95%) has nearly 40% upside potential. Well, it does if you accept the latest evaluation of the company from one of the more bullish analysts tracking its fortunes. On the basis of information he received about Bloom Energy's looming future, he reiterated his quite positive take on its prospects. Still a buy, by the by In a new research note, RBC Capital Markets analyst Chris Dend ...

Bloom Energy (BE) shares rallied 6.5% in the last trading session to close at $10.91. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 8.9% loss over the past four weeks. Bloom Energy is a trusted partner in delivering low-carbon energy and is a leader in solid oxide fuel cell technology, having demonstrated 60% electrical efficiency using hydrogen, and 90% combined heat and power efficiency. The company is ex ...

In the latest market close, Bloom Energy (BE) reached $10.24, with a +0.99% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 1.7%. Elsewhere, the Dow saw an upswing of 1.26%, while the tech-heavy Nasdaq appreciated by 2.51%. Shares of the developer of fuel cell systems have depreciated by 12.44% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.52% and the S&P 500's gain of 1.27%. The investment community will be closel ...

Who knows Bloom Energy best -- the fuel cell company itself, or the analyst who covers it? Easy come, easy go. One month ago, Bloom Energy (BE -10.06%) stock soared 11% in a day after reporting strong sales (but a big GAAP loss) in its Q2 2024 earnings report. Today, the fuel cell stock is moving in the opposite direction, down 11.7% through 10:05 a.m. ET. You can blame investment bank Jefferies for that. Downgrading Bloom Energy stock In a note covered on StreetInsider.com, Jefferies analyst Lloyd Byrne to ...

Bloom Energy's platform could benefit from artificial intelligence's growing power demands. Is it a buy today? Energy helps keep global economies going, and demand for it will only go up from here. One growing sector of the economy that is expected to need more energy, according to a recent study from Goldman Sachs, involves the use of artificial intelligence (AI) applications and services such as OpenAI's ChatGPT. The study says demand for data center power is expected to grow 160% by 2030. There are plent ...

Justin Sullivan Note: I have previously covered Bloom Energy Corporation or "Bloom Energy" (NYSE:BE), so investors should view this as an update to my earlier articles on the company. Last week, stationary fuel cell system provider Bloom Energy reported mixed second quarter results. While revenues of $335.8 million came in ahead of consensus expectations, cash usage of $187.5 million increased to a new 12-month high. | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------- ...

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 ...

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]

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) 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 ...