5.49 0.00 (0.00%)
After hours: 6:10PM EDT
|Bid||5.49 x 3000|
|Ask||5.49 x 1000|
|Day's Range||5.30 - 5.62|
|52 Week Range||4.41 - 38.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.13|
Bloom Energy, the market leader in microgrids, today announced a new AlwaysON Microgrid solution with attractive financing which is designed to make it easier and convenient for companies to protect themselves from extended grid power outages and escalating grid electricity rates. Hundreds of thousands of electric utility customers have been left without power for days at a time this summer as heat waves, storms and wildfire risks have led to extended power outages in California, New York and elsewhere on the Atlantic coast. Bloom Energy is a leading provider of microgrid solutions with more than 85 microgrids already deployed.
Half of the 34 businesses from the region that debuted on Wall Street in 2018 are now trading below their initial offering price, and three have experienced bigger percentage drops than Bloom.
Bloom Energy Corp. stock on Tuesday traded at a third of its initial public offering after the clean-tech company talked down its prospects for next year on concerns that clean-energy initiatives in key states would end up hurting it.
Evidence of the increasing effects of climate change is building, as are the investing opportunities and changes in consumer habits linked to environmental concerns and resource use. Here are select dispatches about the companies responding to customer demands and climate risk, the ESG investors and their advisers, and the enterprising individuals and scientists preparing for tomorrow. Presidential hopeful and South Bend, Ind., mayor Pete Buttigieg climbed on the Iowa State Fair soapbox Tuesday.
Bloom CEO: “Confusion [is] being created in our marketplace, especially in New York and California, as it relates to what their (environmental) policies are going to be ...”
(Bloomberg) -- It’s not every day that a clean energy company complains about climate change laws. And yet, that’s exactly what fuel cell maker Bloom Energy Corp. is doing as its shares plummet to all-time lows.Bloom executives, during a second-quarter earnings call late Monday, forecast flat revenue in 2020 and cast at least part of the blame on clean energy laws in California and New York, two of the company’s stronger markets. The laws -- committing the states to 100% carbon-free electricity by 2045 and 2040, respectively -- have confused Bloom customers and caused them to delay orders, said Chief Executive Officer K.R. Sridhar.“Such objectives are well-intentioned but ill-informed,” he told analysts on the call. “There is no credible way to achieve a 100% renewables goal without compromising public safety, reliability, resiliency and affordability of power.”The laws can be a problem for Bloom because its cells typically run on natural gas, although they can be configured to run on hydrogen or bio gas. When using natural gas, Bloom’s fuel cells do produce global warming emissions, but the emissions are lower than those from gas-burning turbines in standard power plants, according to the company.Sridhar also took a shot at budding interest among cities -- such as Berkeley, California -- in banning natural gas from new buildings.“It is wishful thinking,” he said.Still, the confusion over the laws and the impact on Bloom should be temporary, Sridhar said.The disappointing 2020 guidance prompted a half dozen analysts to slash their price targets. The stock plunged as much as 41% Tuesday, the most since the company’s 2018 initial public offering.(Adds details on Bloom fuel cells’ greenhouse gas emissions in 4th paragraph.)To contact the reporter on this story: David R. Baker in San Francisco at email@example.comTo contact the editors responsible for this story: Lynn Doan at firstname.lastname@example.org, Millie Munshi, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Arcadia Biosciences (NASDAQ: RKDA ) shares ...
Bloom shares were in free fall on Tuesday, after the company made cautious comments about its 2019 outlook, citing slowing installations because of changing attitudes on the use of natural gas.
Shares of Bloom Energy Corp. plummeted 24% toward a record low in premarket trading Tuesday, after the company, which converts natural gas into electricity, warned that revenue growth and margins for 2020 may miss expectations. The stock's selloff is a reversal from a gain of as much as 15% in after-hours trading on Monday, after the company reported a narrower-than-expected second-quarter loss and revenue that beat analyst estimates. Chief Executive K.R. Sridhar said on the post-earnings conference call with analysts that the move by some states to achieve 100% renewables-only power "are well-intentioned, but ill-informed," as there is no credible way to achieve that goal without compromising safety, reliability and affordability. But because of the "confusion," New York and California, the states the company has historically achieved its highest average selling prices, have slowed down conversion. "With fewer orders from those markets in our anticipated mix for 2020, our revenue growth and margins for next year may not be in line with Street expectations," Sridhar said. "We have high degree of confidence that this is an anomaly that'll correct and want to emphasize that we are bullish on these markets going forward." J.P. Morgan analyst Paul Coster reiterated his overweight rating, but slashed his price target to $18 from $33. The stock has plunged 39.4% over the past three months through Monday, while the S&P 500 has gained 2.5%.
Bloom Energy (BE) delivered earnings and revenue surprises of 7.14% and 12.12%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Bloom Energy Corp. rallied more than 13% in the extended session Monday after the clean-energy company narrowed its quarterly loss and reported revenue above Wall Street expectations. Bloom said it lost $62 million, or 55 cents a share, in the second quarter, compared with a loss of $46 million, or $4.34 a share, in the year-ago quarter. Adjusted for one-time items, Bloom lost 13 cents a share, compared with a loss of 27 cents a share a year ago. Revenue rose 38% to $234 million, compared with $169 million a year ago. Analysts polled by FactSet had expected a GAAP loss of 64 cents a share on sales of $208 million for the company. Bloom in July 2018 priced its initial public offering at $15 apiece.
NEW YORK, NY / ACCESSWIRE / August 12, 2019 / Bloom Energy Corp. (NYSE: BE ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 12, 2019 at 5:00 PM Eastern ...
Bloom Energy (BE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, NY / ACCESSWIRE / July 29, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. Class Period: on behalf of all persons who purchased or otherwise acquired Bloom Energy common stock pursuant or traceable to Bloom Energy’s July 2018 IPO. The complaint alleges that Bloom Energy's Registration Statement was materially misleading as it failed to disclose known events and trends that were severely affecting the Company’s business and that made investment in Bloom Energy significantly riskier than presented in the Registration Statement.
LOS ANGELES, CA / ACCESSWIRE / July 29, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Bloom Energy Corporation ("Bloom Energy" or "the Company") (NYSE: BE) for violations of the federal securities laws. Investors who purchased the Company's shares pursuant to and/or traceable to the Company's Initial Public Offering in July 2018 (the "IPO") are encouraged to contact the firm before July 29, 2019.
NEW YORK, NY / ACCESSWIRE / July 29, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine ...
NEW YORK, NY / ACCESSWIRE / July 29, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Bloom Energy Corporation (“Bloom” or the “Company”) (BE) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Bloom securities pursuant or traceable to the Form S-1 Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with Bloom Energy’s July 2018 initial public stock offering (the “IPO” or “Offering”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/be.