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Form 8-K · Current Report · Filed 2024-11-07

Bloom Energy Reports Q3 2024 Financial Results and Announces Major Fuel Cell Installation

Bloom Energy Corporation announced its financial results for the third quarter of 2024, reporting a revenue of $330.4 million, a 17.5% decrease year-over-year.

Filer
Bloom Energy Corporation BE · NYSE
Filed
Accession
0001628280-24-046303
CIK
0001664703
Signal
Low impactIndustrials

Details

The company also reiterated its 2024 financial guidance and announced the world's largest single site fuel cell installation in partnership with SK Eternix, expected to begin commercial operations in 2025.

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$10.97

Next session

+20.1%

Since filing

+1776.1%

Latest close

$205.81

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Precedent

Previous filings from BE reporting the same item, with the next session's move:

Exhibits (1)

About Bloom Energy Corporation

Bloom Energy Corporation focuses on providing advanced energy solutions through the development and manufacture of innovative solid oxide fuel cells. These fuel cells are part of a proprietary system known as the Bloom Energy Server, which transforms natural gas or biogas into electricity efficiently and cleanly. Aimed primarily at large-scale commercial and industrial clients, Bloom Energy not only enables businesses to generate their own on-site electricity but also supports sustainability goals by significantly reducing emissions compared to traditional energy sources. Founded in 2001 and headquartered in San Jose, California, the company plays a critical role in the shift towards clean energy, impacting sectors such as technology, healthcare, and retail. Bloom Energy's solutions promote energy independence and resilience by offering reliable power that is less susceptible to grid disruptions, underscoring its importance in the modern energy landscape.

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