Bloom Energy Stock Price, News & Analysis

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.

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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.

Bloom Energy (NYSE: BE) has initiated deployment of over 40 megawatts of solid oxide fuel cells in New York under the Community Distributed Generation (CDG) program. This initiative aims to enhance clean energy access for consumers, especially small businesses and residential customers, while also decreasing greenhouse gas emissions by nearly 50,000 metric tons annually. The project has already seen 7.5 megawatts deployed on Staten Island. Partners in this effort include Captona and Daroga Power, highlighting collaborative efforts to provide reliable and cost-effective clean energy solutions.

Bloom Energy (NYSE: BE) has announced its participation in several upcoming virtual events tailored for the financial community. These events include Baird’s 2021 Sustainability Conference on February 23, Credit Suisse’s Energy Summit on March 1, Morgan Stanley’s Energy & Power Conference on March 2, Raymond James’ Institutional Investors Conference on March 3, and Canaccord Genuity’s Sustainability Conference on March 4. Bloom Energy aims to provide reliable, clean energy solutions through its innovative Energy Server technology.

Bloom Energy Corporation (NYSE: BE) is set to host an investor conference call on February 22, 2021, at 5:00 PM EST. Glen Griffiths, EVP, and Greg Cameron, CFO, will discuss the path to profitability for Bloom’s Services business, focusing on fuel cell improvements and service contract economics. Interested parties can participate via toll-free and international dial-in numbers or through a live webcast on Bloom Energy’s website. A telephonic replay will also be available until March 4, 2021.

Bloom Energy Corporation (NYSE: BE) reported its Q4 2020 financial results with revenue of $249.4 million, up 16.8% year-over-year, driven by 450 acceptances. Gross margin rose to 25.5%, a 13.8 percentage point increase from Q4 2019, while operating margin improved to (1.8%). For the full year, revenue reached $794.2 million, up 1.1%, with a gross margin of 20.9%. The company expects 2021 revenue between $950 million and $1 billion, with plans for operational cash flow improvements.

Bloom Energy (NYSE: BE) announced it will release its fourth quarter and fiscal year 2020 financial results on February 10, 2021, after market close. The company will hold a conference call on the same day at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results. Investors can participate via live dial-in or webcast through their investor relations website. A replay of the call will be available for one week and a recorded version will be accessible for one year on the website.

Bloom Energy and El Camino Health have launched the Shield T3 COVID testing system at Bloom Energy's facility in Sunnyvale, California. The new mobile lab offers rapid and inexpensive testing, requiring only saliva samples. Results are available within six hours, boasting a specificity of over 99%. One in six tests purchased will be donated to Gardner Health Services to assist communities severely impacted by COVID-19. The lab can process up to 10,000 tests daily, supporting local businesses and schools in maintaining operations during the pandemic.