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Raymond James has upgraded the rating for Bloom Energy from “Market Perform” to “Outperform” with a price target of $ 33 (EUR 27,50). “We are being opportunistic given the stock’s 35% pullback from its all-time high set on February 8, but to be clear, this is not a valuation-based upgrade,” the analyst stated.
Bloom Energy Corporation announced financial results for its fourth quarter and full year that ended December 31, 2020. Fourth Quarter Financial Highlights Revenue of $249.4 million in the fourth quarter of 2020, an increase of 16.8% compared to revenue of $213.5 million in the fourth quarter of 2019 Gross margin of 25.5% in the fourth […]
A coalition of 11 founding member companies – Air Liquide, Anglo American, Bloom Energy, CF Industries, Chart Industries, Cummins Inc., Hyundai, Linde, McDermott, Shell and Toyota have partnered to form Hydrogen Forward, an initiative focused on advancing hydrogen development in the United States. These companies believe that accelerating investment in hydrogen will help the U.S. […]
During Bloom Energy’s analyst day held Dec 16, 2021, Bloom Energy projected preliminary fiscal year 2021 metrics: revenues between $950 million and $1 billion, a year over year increase of 25% non-GAAP gross margin of approx. 25%, up 3% YOY Bloom Energy feels strongly positioned for ’21 and sees cash flow from operations approaching positive. […]