Why Bloom Energy Shares Are Rising


Bloom Energy Corp BE shares are trading higher by 8% at $16.73 after the company reported better-than-expected fourth-quarter sales results.

Bloom Energy reported quarterly losses of 5 cents per share which missed the analyst consensus estimate of a loss of 4 cents per share. The company reported quarterly sales of $342.50 million which beat the analyst consensus estimate of $307.99 million by 11%.

Commenting on the fourth quarter and full year earnings, KR Sridhar, founder, chairman, and CEO of Bloom Energy said, “This was a record quarter and year for Bloom Energy. With nearly $1 billion in revenue, we are now at an inflection point. In many ways, as the energy industry transforms, we are in a category of our own with growing revenue, margin expansion, strong backlog and the best, most innovative solutions for customers who want low-carbon and resilient power today and a zero-emissions energy tomorrow. We are poised to capitalize on demand for clean energy, decarbonization, and the growth of the hydrogen and renewable fuels economy.”

See Also: NFL Expands Metaverse Reach Ahead Of Super Bowl Via Partnership With Roblox

Bloom Energy has a 52-week high of $43.92 and a 52-week low of $12.55.

Market News and Data brought to you by Benzinga APIs
Posted In: MoversTrading IdeasKr Sridharwhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!