Bloom Energy - BE STOCK NEWS

Bloom Energy (NYSE:BE) announced the deployment of a 1 MW fuel cell system at Bar 20 Dairy Farms in Kerman, California, marking its inaugural dairy biogas project. This initiative utilizes cow manure to produce renewable electricity without combustion, effectively capturing methane emissions that would otherwise contribute to climate change. The project supports California's Low Carbon Fuel Standard, providing additional income opportunities for farmers. The deployment aims to enhance local air quality while offering a sustainable energy solution.

Bloom Energy Corporation (NYSE: BE) reported Q3 2021 revenue of $207.2 million, a 3.5% increase year-over-year, with a GAAP gross margin of 17.8%. The company achieved a record 353 system acceptances, up 12.4% from Q3 2020. Despite revenue growth, net loss expanded to $52.4 million, with GAAP EPS at ($0.30). Bloom launched its Bloom Electrolyzer and Hydrogen Energy Server, aiming for leadership in net-zero emissions. Cash reserves dropped to $319.9 million, down from $504.4 million in 2020.

Bloom Energy has announced a significant deployment of 10 megawatts of fuel cells in Colchester, Connecticut. This installation aims to aid the town in reducing its dependence on heating oil while aligning with the state's clean energy objectives. The project is projected to cut carbon emissions by 3,850 tons annually and reduce smog-forming pollutants by over 99% compared to traditional grid alternatives. This deployment is part of a broader initiative by Connecticut's state government to enhance renewable energy sources.

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.