Bloom Energy Stock Price, News & Analysis

Bloom Energy (NYSE: BE) announced its participation in several upcoming virtual events designed for the financial community. Key conferences include the Credit Suisse Renewables and Utilities Conference on May 13, 2021, and the J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021. Other notable appearances include the Cowen Sustainability & Energy Transition Summit and the BofA Hydrogen Conference on June 23, 2021. Bloom Energy focuses on making clean, reliable energy affordable through its innovative Bloom Energy Server, serving Fortune 100 clients across multiple sectors.

Baker Hughes (NYSE: BKR) and Bloom Energy (NYSE: BE) have announced a collaboration to commercialize low-carbon power-generation and hydrogen solutions. The partnership aims to launch pilot projects over the next 2-3 years, focusing on integrated power and hydrogen solutions. Key objectives include developing efficient energy systems using Bloom's solid oxide fuel cells and Baker's gas turbines, as well as hydrogen production and transport technologies. Leaders from both companies emphasize the collaboration's potential in supporting global decarbonization efforts.

Bloom Energy (NYSE: BE) and Baker Hughes (NYSE: BKR) have announced a collaboration to advance low-carbon power generation and hydrogen solutions. They aim to launch pilot projects within 2-3 years, focusing on integrated power solutions, hydrogen production, and mutual technical collaborations. The partnership will combine Bloom Energy’s solid oxide fuel cell and electrolyzer technologies with Baker Hughes’ turbine and compression technologies, enhancing energy efficiency and promoting the hydrogen economy. This collaboration is positioned as a significant step toward achieving net-zero carbon emissions.

Bloom Energy Corporation (NYSE: BE) reported strong financial results for Q1 2021, with revenue of $194.0 million, a 23.8% increase from Q1 2020. Product revenue surged 38.5% to $137.9 million, driven by a 40.2% rise in acceptances, totaling 359 units. Gross margin improved significantly to 28.2% from 12.7% in the previous year. Operating margin also showed progress at (7.4%), up from (29.6%). The company forecasts 2021 revenue between $950 million and $1 billion, with a non-GAAP gross margin target of ~25%.

Bloom Energy (NYSE: BE) announced the deployment of 100 kilowatts of solid-oxide fuel cells, powered exclusively by hydrogen, in Ulsan, South Korea, generating zero-carbon electricity. This collaboration with SK Engineering & Construction aims to contribute to global decarbonization efforts. The deployment aligns with Bloom's plans to enter the commercial hydrogen market, planned for 2022. The hydrogen fuel cells will utilize byproduct hydrogen from SK Advanced and support the Changwon RE100 initiative. Bloom is also set to supply electrolyzer cells to produce green hydrogen in 2022.

Bloom Energy (NYSE: BE) has appointed new leaders to strengthen its global expansion and has opened a new office in Dubai. The strategic appointments follow Bloom Energy's growth plan unveiled at the 2020 Analyst Day. The new team will focus on expanding markets in Australia, Europe, and Southeast Asia while promoting Bloom’s fuel-flexible and clean energy technologies.

Bloom Energy (NYSE: BE) will release its Q1 fiscal year 2021 financial results on May 5, 2021, after market close. Management will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET on the same day to discuss the results. Interested parties can join the call using the provided domestic and international dial-ins. A webcast of the call will be available on Bloom Energy's investor website. Additionally, a replay will be accessible for one week following the call.