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 develops and manufactures solid oxide fuel cell systems for onsite electricity generation. The company’s Bloom Energy Servers are fuel-flexible systems used for stationary power applications, including data centers, semiconductor manufacturing, utilities, and other commercial and industrial customers in the United States and international markets.
Bloom Energy news commonly covers quarterly results, revenue guidance, product and service margins, backlog trends, and demand for onsite power tied to AI and cloud infrastructure. Company updates also include customer partnerships such as Oracle, U.S. manufacturing, executive appointments, and market reports on data center power availability.
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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.
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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.