Welcome to our dedicated page for Bloom Energy news (Ticker: BE), a resource for investors and traders seeking the latest updates and insights on Bloom Energy stock.
Bloom Energy Corporation (NYSE: BE) is a manufacturing company focused on fuel cell power systems for onsite electricity generation. Its news flow reflects both its role in the energy transition and its position in supporting digital and AI infrastructure. The company describes its fuel cell systems as providing ultra-resilient, highly scalable onsite electricity generation for Fortune 500 customers, including data centers, semiconductor manufacturing, large utilities and other commercial and industrial sectors.
Visitors to this Bloom Energy news page can review company announcements about quarterly financial results, strategic partnerships, capital markets activities and corporate governance developments. Recent releases include detailed reports on second and third quarter financial performance, where Bloom Energy breaks out revenue from product, installation, service and electricity, and discusses both GAAP and non‑GAAP metrics such as gross margin, operating income and EBITDA.
Bloom Energy also issues news on major strategic relationships. Examples include a $5 billion strategic partnership with Brookfield focused on AI infrastructure and AI factories, and a collaboration with Oracle to deploy fuel cell technology at Oracle Cloud Infrastructure data centers. These announcements highlight how Bloom Energy’s systems are being used to power AI data centers and other critical digital infrastructure.
In addition, the company publishes updates on financing transactions such as convertible senior notes offerings and related exchange transactions, as well as corporate developments like board appointments and leadership changes in business and corporate development. By following this news feed, investors and observers can track how Bloom Energy communicates its operational progress, partnerships, financing decisions and role in onsite, low‑carbon power for large enterprises.
Bloom Energy (NYSE: BE) and SK ecoplant announced an expanded partnership to enhance their leadership in clean energy and hydrogen markets. The deal includes a contract for at least 500 megawatts of power, valued at approximately $4.5 billion, to be fulfilled by 2025. Furthermore, the companies will establish hydrogen innovation centers in the U.S. and South Korea and SK ecoplant plans to invest around $500 million into Bloom Energy. This investment is expected to accelerate growth and commercialization of hydrogen solutions.
Bloom Energy (NYSE: BE) will announce its Q3 fiscal year 2021 financial results on November 4, 2021, after market close. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET on the same day, where management will discuss the results. Investors can join the call via a domestic line at (833) 520-0063 or internationally at +1 (236) 714-2197. A live webcast will be accessible on their investor website. A replay of the call will be available for one week post-call, and the webcast for one year.
New research by M.Cubed reveals that diesel-fueled backup generators in California are increasing, with nearly 90% of the 23,507 generators in the South Coast and Bay Area districts being diesel-powered. This surge represents a 34% increase in the Bay Area over three years, resulting in annual health costs exceeding $136 million. Diesel generators emit harmful pollutants, contributing to respiratory diseases and environmental damage. The report calls for a shift towards cleaner energy solutions, aligning with the desires of nearly three-quarters of California voters for sustainable alternatives.
Bloom Energy (NYSE: BE) has launched its commercial Hydrogen Energy Servers, which provide zero-carbon electricity using 100% hydrogen. This release follows the introduction of the Bloom Electrolyzer, aimed at efficient hydrogen generation. With the growing global demand for hydrogen solutions and more than 30 countries developing hydrogen strategies, Bloom Energy is positioned to support clean energy transitions. Their technology, validated through a successful pilot project in South Korea, enhances renewable energy production and addresses greenhouse gas emissions, contributing to a sustainable future.
Bloom Energy Corporation (NYSE:BE) has appointed Edward Vallejo as the new vice president of investor relations, effective September 27, 2021. Vallejo brings over 20 years of experience in financial and operational roles. His previous position was at American Water, where he led investor relations and ESG reporting. With a focus on clean energy, Vallejo aims to enhance communication of Bloom Energy's mission to investors. The company strives to make clean energy affordable for everyone globally with its innovative technology that supplies reliable electric power.
Bloom Energy Corporation (NYSE: BE) reported Q2 2021 financial results with a revenue of $228.5 million, a 21.6% increase from Q2 2020. Product revenue rose 26.4% to $146.9 million, driven by a 41.5% increase in acceptances. Gross margin improved to 16.3%, up 2.3 percentage points year-over-year. However, operating margin decreased to (18.7%), reflecting rising operating expenses. GAAP EPS was $(0.31). Bloom maintains its 2021 revenue guidance at $950 million - $1 billion.
Bloom Energy (NYSE: BE) announced significant advancements in maritime decarbonization through a partnership with Samsung Heavy Industries. They received Approval in Principle (AiP) from DNV for an engineless, fuel cell-powered LNG carrier, marking a step towards reducing greenhouse gas emissions in shipping. Additionally, Bloom Energy’s solid oxide fuel cell (SOFC) technology was verified by the American Bureau of Shipping as a viable alternative power source for vessels. These milestones position Bloom Energy at the forefront of sustainable shipping solutions, aiming to meet aggressive environmental targets set by the International Maritime Organization.
Bloom Energy (NYSE: BE) has announced its initiative to convert its global natural gas fleet to certified low-leak natural gas, aiming to reduce harmful methane emissions. This collaboration with MiQ and Equitable Origin is designed to ensure that customers understand the importance of responsible natural gas sourcing. The initiative is projected to significantly impact climate goals by tackling the 84 million tons of methane emitted annually from the oil and gas sector. Bloom Energy plans to source certificates for reduced methane emissions starting in 2022, emphasizing its commitment to a zero-carbon future.
Heliogen and Bloom Energy (NYSE: BE) have announced plans to produce green hydrogen through concentrated solar power and water. Their collaboration aims to accelerate the transition to a zero-carbon future, utilizing Heliogen's Sunlight Refinery and Bloom's solid oxide electrolyzers. This technology is expected to be 30% more efficient than common alternatives, enabling cost-effective green hydrogen production. The first solution is set to be operational at Heliogen's facility in Lancaster, California by the end of 2021. This venture aligns with global decarbonization efforts.
Bloom Energy (NYSE: BE) will release its Q2 fiscal year 2021 financial results on August 4, 2021, after market close. The management will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results. Interested parties can join the call via telephone or a live webcast, accessible from Bloom Energy's investor relations website. A telephonic replay will be available for a week following the call, with a longer-term replay on the website for one year.
FAQ
What is the current stock price of Bloom Energy (BE)?
What is the market cap of Bloom Energy (BE)?
