Bloom Energy: Increasing Conviction Despite Weakness Due To Near-Term Challenges [Seeking Alpha]
Bloom Energy Corporation Class A (BE)
Last bloom energy corporation class a earnings: 11/7 04:26 pm
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investor.bloomenergy.com/investor-resources/contact-investor-relations/default.aspx
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Source: Seeking Alpha
Justin Paget/DigitalVision via Getty ImagesThere's a lot going on for Bloom Energy (NYSE:BE20% dropprice is an overreaction.Investment ThesisAs highlighted earlier, I have done a deeper dive and researched into Bloom Energy in my initiationarticle1Q22 results affected by elevated costsBloom Energy reported $201 million in revenues for the first quarter, in-line with the company's expectations but softer than what the street expected. However, the disappointment came from the margins and earnings side of things. Gross margins were down to 15.8% in 1Q22, from 29.7% in 1Q21. EBITDA loss was $25 million for the quarter, while the street expected a $2 million EBITDA gain. As a result, 1Q22 net loss was $78 million, while compared to 1Q21 net loss of $25 million on year prior.1Q22 revenues were largely driven by strong deliveries to its key partner in South Korea, resulting in international revenue mix increasing to65%38%With regards to revenues and acceptances, management has pointed out t
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BE
News
- Bloom Energy Appoints Daniel Berenbaum as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Bloom Energy Appoints Daniel Berenbaum as Chief Financial OfficerBusiness Wire
- AY vs. BE: Which Stock Should Value Investors Buy Now? [Yahoo! Finance]Yahoo! Finance
- Hybrid Cell Market to reach $6.55 billion, globally, by 2030 growing at a CAGR of 11.2%: Report by Coherent Market Insights [Yahoo! Finance]Yahoo! Finance
- Bloom Energy to receive $75 million in tax credits for Fremont manufacturing plant [Reuters]Reuters
BE
Earnings
- 2/15/24 - Beat
BE
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 8-K
- 4/16/24 - Form 144
- BE's page on the SEC website