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 ...

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 ________________________ ...

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 ...

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 ...

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 ...

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 ...

There have been concerns that if Trump takes the White House in November, he could repeal the Inflation Reduction Act (IRA). If that were to happen, green energy stocks, including hydrogen stocks, could easily drop. However, that's not likely to happen. In fact, as noted by MSN.com, "Morgan Stanley sees domestic manufacturing, nuclear power, and wind and solar tax credits enjoying bipartisan support, reducing the risk of repeal regardless of administration composition, with no change to the IRA or the pace ...

Bloom Energy (BE) ended the recent trading session at $15.28, demonstrating a +1.33% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 1.39%. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq depreciated by 2.77%. The developer of fuel cell systems's shares have seen an increase of 10.48% over the last month, surpassing the Oils-Energy sector's loss of 7.9% and the S&P 500's gain of 4.43%. Market participants will be closely following the finan ...

"We're proud to partner with Bloom Energy and utilize their industry-leading solid oxide fuel cell technology," said CoreWeave Chief Strategy Officer Brian Venturo. "This partnership will allow us to deliver unmatched performance and reliability to our customers while advancing our sustainability objectives." With today's gains, BE stock is up about 4% so far this year. While this is behind the S&P 500's 18% gains this year, it still represents solid growth for the business. With degrees in economics and jo ...

The carbon capture and sequestration market is expected to have a steady growth trajectory, which will be a boon for carbon capture stocks. This growth is being spurred by the enhanced efforts being made by the governments and the corporations in cutting down on CO2 emissions with a view of hitting the net-zero targets. New innovations in the carbon capture technologies are improving the ways of capturing and storing carbon dioxide. Better technologies like Direct Air Capture, which captures CO2 from the at ...