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 solid oxide fuel cell systems that convert natural gas, biogas, and hydrogen into electricity for data centers, manufacturing facilities, and critical infrastructure. The company's fuel cell technology serves organizations requiring reliable on-site power generation with the flexibility to transition between fuel sources as energy markets evolve.
This news feed tracks developments related to Bloom Energy's fuel cell technology deployments, partnerships with data center operators and industrial customers, expansion of manufacturing capacity, and advancements in hydrogen-capable power systems. Coverage includes earnings reports detailing product and service revenue, announcements of installations at customer facilities, and updates on the company's role in providing distributed power generation solutions.
Investors following Bloom Energy news can monitor quarterly financial results, customer contract announcements, technology development milestones, and strategic partnerships within the distributed energy sector. The news feed also covers regulatory developments affecting fuel cell technology, hydrogen infrastructure investments, and market trends in on-site power generation. Bookmark this page to track news, earnings releases, and material events affecting Bloom Energy.
Bloom Energy announced a power capacity agreement with Intel to install the largest fuel cell-powered high-performance computing data center in Silicon Valley. This agreement will see the deployment of additional megawatts of Bloom Energy's fuel cell-based Energy Server at Intel's existing data center location. The installation will make it the largest fuel cell-powered data center in Silicon Valley, offering a reliable power solution for energy-intensive data centers. Bloom Energy's technology can operate in a fully islanded microgrid mode, providing a sustainable energy solution.
Bloom Energy (NYSE: BE) reported revenue of $235.3 million for the first quarter of 2024, showing a 14.5% decrease compared to the same period in 2023. The company's gross margin decreased by 3.5 percentage points, while operating loss improved by $14.7 million. Non-GAAP operating loss decreased by $3.4 million. Bloom Energy's CEO expressed optimism about market interest and commercial activity across various sectors, highlighting AI hardware supply chain industries. The company reaffirmed its outlook for full-year 2024, expecting revenue of $1.4 - $1.6 billion, a non-GAAP gross margin of around 28%, and non-GAAP operating income of $75 - $100 million.
Bloom Energy (NYSE: BE) has partnered with Quanta Computer Inc. to provide a clean and reliable power solution for Quanta's manufacturing expansion in Fremont, CA. The partnership showcases Bloom Energy's capability to meet the time-to-power challenges of the AI sector, offering a fully islanded microgrid powered by fuel cell technology. This innovative solution helps Quanta Computer maintain its competitive edge in Silicon Valley by circumventing traditional utility constraints.
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