Bloom Energy Third Quarter 2024 Earnings: Misses Expectations

BLOOM ENERGY CORP +4.31%

BLOOM ENERGY CORP

BE

27.08

+4.31%

Bloom Energy (NYSE:BE) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$330.4m (down 18% from 3Q 2023).
  • Net loss: US$14.7m (loss narrowed by 91% from 3Q 2023).
  • US$0.065 loss per share (improved from US$0.76 loss in 3Q 2023).
earnings-and-revenue-history
NYSE:BE Earnings and Revenue History November 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bloom Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in the US.

The company's shares are up 32% from a week ago.

Risk Analysis

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