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Bloom Energy Corporation - BE STOCK NEWS

Welcome to our dedicated page for Bloom Energy Corporation news (Ticker: BE), a resource for investors and traders seeking the latest updates and insights on Bloom Energy Corporation stock.

Bloom Energy Corporation (NYSE: BE) is a leading provider of innovative and efficient on-site primary power generation systems. The company's hallmark product, the Bloom Energy Server, utilizes proprietary solid-oxide fuel cell technology initially developed for NASA's Mars program. This cutting-edge technology offers businesses a reliable, cleaner, and cost-effective alternative to the traditional electric power grid. The Energy Servers are capable of using natural gas, biogas, and hydrogen to generate constant, 24/7 electricity for various stationary applications.

Bloom Energy's commitment to reducing greenhouse gas emissions and lowering operating costs has attracted a prestigious client base that includes several Fortune 500 companies such as Google, Walmart, AT&T, eBay, and The Coca-Cola Company. Additionally, notable non-profit organizations like Caltech and Kaiser Permanente are leveraging Bloom's technology to enhance their energy resiliency and sustainability.

In recent years, Bloom Energy has expanded its technological horizons by announcing plans to enter the electrolyzer market, applying its cutting-edge fuel cell technology to create sustainable hydrogen fuel. This strategic move underscores Bloom Energy's ongoing commitment to innovation and environmental stewardship.

Financially, Bloom Energy has secured significant investments and partnerships, including being the first clean energy technology venture backed by prominent investment firms Kleiner Perkins and NEA. The company primarily markets its systems in the United States and South Korea, positioning itself as a pivotal player in the global energy landscape.

The latest news highlights Bloom Energy's groundbreaking projects and partnerships, reflecting its position as a trailblazer in the clean energy sector. Stay tuned for the latest updates and developments about Bloom Energy on StockTitan.

News

SoCalGas and Bloom Energy Powering Caltech with Innovative Campus Hydrogen Project

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Southern California Gas Company (SoCalGas) and Bloom Energy (NYSE: BE) have announced the powering of a portion of Caltech's grid with an innovative hydrogen project. This demonstrates the potential to displace traditional natural gas with hydrogen, providing long-duration clean energy storage and dispatchable power generation. The project showcases how leveraging existing infrastructure with electrolyzers and fuel cell technology may create resilient microgrids, safeguarding businesses, communities, and campuses from power disruptions. If developed at scale, this technology may help further California Governor Gavin Newsom's strategic initiatives to develop a hydrogen economy.
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Bloom Energy Reports Record Revenue in Third Quarter 2023 Financial Results

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Bloom Energy Corporation (NYSE: BE) reported a 37% growth in total revenue for Q3 2023 compared to Q3 2022, driven by a 40.7% increase in Product and Service revenue. Despite a decrease in gross margin, non-GAAP gross margin improved by 12.4%. Operating loss decreased by $51.1 million, with a non-GAAP operating profit of $51.8 million. The company reaffirms its outlook for full-year 2023 with expected revenue of $1.4 - $1.5 billion and positive non-GAAP operating margin.
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Bloom Energy to Announce Third Quarter 2023 Financial Results on November 8, 2023

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Bloom Energy Corporation will release its Q3 2023 financial results on November 8, 2023. A conference call will be held to discuss the results.
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Infinity Fuel Cell and Hydrogen, Inc. Announces New Patent

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Infinity Fuel Cell and Hydrogen, Inc. awarded a new patent for its core fuel cell stack technology.
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Bloom Energy Installs First Fuel Cells in Taiwan

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Bloom Energy has installed the first phase of a 10 MW solid oxide fuel cell contract with Unimicron Technology Corp. in Taiwan. The installation was delivered within five months from order and commissioned within three weeks from delivery. Bloom Energy's fuel cells generate electricity without combustion and reduce CO2 emissions by 30% with no nitrogen oxides, sulfur oxides, or particulate matter.
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Bloom Energy Reports Record Revenue in Second Quarter 2023 Financial Results

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Bloom Energy Launches Advanced CHP Solution for Net Zero Heating and Cooling

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Bloom Energy (NYSE:BE) introduces Bloom Energy Server™ as a high-efficiency Combined Heat and Power (CHP) solution, enabling cost savings and reduced carbon footprint for industrial and commercial customers. The product is ready to ship, with the first customer already announced.
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Bloom Energy Signs First Customer in Germany

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Bloom Energy announces its first customer in Germany, Geothermie-Gesellschaft Bruchsal GmbH, for its solid oxide fuel cells. The fuel cells will provide base load power to the geothermal plant in Bruchsal, reducing CO2 emissions and air pollution. Bloom Energy's design-build contractor, 2G Energie AG, will handle the heat recovery integration. This marks Bloom's expansion in Europe.
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Bloom Energy to Announce Second Quarter 2023 Financial Results on August 3, 2023

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Bloom Energy Corporation (NYSE: BE) will release its Q2 2023 financial results on August 3, 2023, followed by a conference call to discuss the results. The conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET and will last for 60 minutes. Investors can access the live webcast and dial into the call using the provided toll-free numbers and conference ID.
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CJ Warner, Former Renewable Energy Group President and CEO, Joins Bloom Board of Directors

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FAQ

What is the current stock price of Bloom Energy Corporation (BE)?

The current stock price of Bloom Energy Corporation (BE) is $21.14 as of November 15, 2024.

What is the market cap of Bloom Energy Corporation (BE)?

The market cap of Bloom Energy Corporation (BE) is approximately 4.6B.

What does Bloom Energy Corporation do?

Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation.

What is the Bloom Energy Server?

The Bloom Energy Server is a revolutionary on-site power generation system that uses proprietary solid-oxide fuel cell technology.

What fuels can Bloom Energy Servers use?

Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to generate electricity.

Who are some of Bloom Energy's notable clients?

Notable clients include Google, Walmart, AT&T, eBay, The Coca-Cola Company, Caltech, and Kaiser Permanente.

What recent projects is Bloom Energy involved in?

Bloom Energy has announced plans to enter the electrolyzer market, leveraging its fuel cell technology to create sustainable hydrogen fuel.

Where does Bloom Energy primarily sell its systems?

Bloom Energy primarily markets its systems in the United States and South Korea.

What are the benefits of using Bloom Energy Servers?

Benefits include reliable 24/7 power generation, reduced greenhouse gas emissions, and lower operating costs.

Who invested in Bloom Energy as its first clean energy technology venture?

Kleiner Perkins and NEA were the first investment firms to back Bloom Energy's clean energy technology.

What industry was Bloom Energy's technology initially developed for?

Bloom Energy's technology was initially developed for NASA's Mars program.

How does Bloom Energy help businesses?

Bloom Energy helps businesses become more resilient and reduce uncertainty from grid dependence with its reliable and efficient power generation systems.

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Bloom Energy Corporation

NYSE:BE

BE Rankings

#1352 Ranked by Market Cap
N/A Ranked by Dividends

BE Stock Data

4.56B
228.58M
13.25%
85.5%
17.31%
Electrical Equipment & Parts
Electrical Industrial Apparatus
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