文章核心观点 - 华尔街分析师认为Bloom Energy股票价值仅为14美元,但投资者却愿意以17美元的价格购买 [1][2][3][4] - Bloom Energy最近两个季度的财报表现不佳,未能实现预期的盈利目标 [5][6] - 尽管Bloom Energy未来有望在2025年实现盈利,但目前其股价已超出分析师的目标价,投资者需谨慎 [7] 根据相关目录分别进行总结 行业分析 - 华尔街分析师看好Bloom Energy在为云数据中心提供燃料电池发电的需求增长 [3] - 分析师认为Bloom Energy需要更好地向投资者解释其执行进度 [4] 公司表现 - Bloom Energy最近两个季度的财报表现不佳,销售额下降14.5%,亏损0.25美元/股 [5] - 这打击了分析师对Bloom Energy今年实现调整后盈利,明年实现GAAP盈利的预期 [6]

These companies should see an AI-powered demand acceleration in the coming years.Nvidia has become a darling in the investment community over the past few years. The semiconductor company has developed the chips driving the current boom in artificial intelligence (AI). That has driven the company's profits and stock price skyward. However, Nvidia isn't the only beneficiary of the AI boom. Many companies that either are capitalizing on the megatrend or will do so are currently hovering under the radar of man ...

Investors may be coming around to appreciate Bloom's role powering AI data centers.Shares of fuel cell manufacturer Bloom Energy (BE 15.94%) were on the rise today, up 10.1% as of 1 p.m. ET.There wasn't too much company-specific news today. However, Bloom was highlighted as a top pick in the past weekend's edition of Barron's Magazine as a stock poised to benefit from increasing energy demand resulting from the AI data center buildout.Now potentially regarded as an esteemed "AI beneficiary," Bloom's stock i ...

Crisis will eventually lead to opportunity for hydrogen stocks to buy.Granted, we’re still waiting to see what happens with the restrictive 45V tax credits. That’s because, as the credits are currently set up, “it could slow the industry’s growth if not changed,” as noted by Ernest Moniz, former energy secretary, who heads the consortium formed to organize a market for clean hydrogen, called the Hydrogen Demand Initiative, as quoted by Barron’s.We’re also waiting on potential interest rate cuts from the Fed ...

Could a recovery be on the way, or is this just a temporary pop?Shares of hydrogen companies had an incredible week as investors dove back into higher-risk assets and some strange trading dynamics hit the market early in the week. On top of the strange trading, a $1.7 billion conditional loan guarantee is helping the industry.According to data provided by S&P Global Market Intelligence, shares of Plug Power (PLUG -5.61%) were up as much as 32%, FuelCell Energy (FCEL -3.12%) was up 21.4%, and Bloom Energy (B ...

Shares of Bloom Energy (BE) have gained 3.2% over the past four weeks to close the last trading session at $11.74, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $15.55 indicates a potential upside of 32.5%.The mean estimate comprises 21 short-term price targets with a standard deviation of $5.10. While the lowest estimate of $9 indicates a 23.3% decline from the current price ...

财务数据和关键指标变化 - 第一季度收入为2.35亿美元,同比下降14.5% [23] - 第一季度非GAAP毛利率为17.5%,同比下降370个基点 [24] - 产品成本上升160美元/千瓦,导致产品毛利率下降500个基点 [24] - 服务业务毛利率有所改善,预计全年实现盈利 [27][28] - 运营费用同比下降2100万美元,公司专注于提高盈利能力 [29] - 第一季度经营亏损同比改善300万美元 [29] - 现金流用量同比减少一半以上,现金余额为5.83亿美元 [30] 各条业务线数据和关键指标变化 - 数据中心业务订单量超过200兆瓦,是公司重要增长动力 [11][13] - 数据中心业务分为两类:扩建和新建,新建项目销售周期更长但收入潜力更大 [11] - 公司为英特尔在加州圣克拉拉的数据中心提供大规模扩容 [13] - 公司为台湾硬件供应商Unimicron和Quanta提供AI制造设施的电力解决方案 [15][16] 各个市场数据和关键指标变化 - 韩国市场需求强劲,但项目价格较低,毛利率约30% [25][26] - 意大利市场与合作伙伴Cefla的生物天然气联合供热项目进展良好 [18] - 公司正在开发其他欧洲和亚洲市场的机会 [18] 公司战略和发展方向及行业竞争 - 公司看好天然气作为向碳中和过渡的桥梁燃料 [9] - 公司的燃料电池技术可提供最低碳排放的天然气发电解决方案 [9] - 公司正在开发碳捕集技术,与多家合作伙伴进行技术验证 [86][87][88][89] - 公司看好数据中心和AI行业的增长机会,将继续投资拓展这些领域 [11][14][15][16][17] 管理层对经营环境和未来前景的评论 - 公司第一季度业绩符合预期,下半年收入有望大幅增长 [8][104][105] - 公司有信心实现全年14-16亿美元收入,约28%非GAAP毛利率,实现7500-1亿美元非GAAP营业利润 [37][38][39] - 公司有充足的产能和供应链准备来满足未来需求增长 [81][82][83] - 新任CFO丹尼尔·贝伦鲍姆表示将专注于公司的盈利能力和现金流管理 [33][34][35] 问答环节重要的提问和回答 问题1 **Andrew Percoco 提问** 询问英特尔项目的规模和时间安排,以及公司在大型数据中心项目中的解决方案 [44][45][46][47][48][49] **KR Sridhar 回答** 公司不会披露具体客户的容量和时间安排,但总体数据中心业务订单量超过200兆瓦。公司可提供独立微电网或与其他分布式电源相结合的混合微电网解决方案 [45][46][47][48] 问题2 **Manav Gupta 提问** 询问服务业务毛利率改善的原因及未来目标 [51][52] 询问AWS项目的会计处理 [52][53][54][55][56][57] **Greg Cameron 回答** 服务业务毛利率改善是由于更多系统投入运营、减少性能补偿以及降低备件成本等因素 [53][54][55] AWS项目的会计处理是将之前已确认的收入和成本进行调整,不会对全年业绩产生重大影响 [56][57] 问题3 **Chris Dendrinos 提问** 询问Quanta和英特尔项目的许可情况 [60][61] 询问公司在氢能方面的进展 [62][63] **KR Sridhar 回答** 公司不会披露具体客户的许可情况,但有信心能够按计划完成这些项目的部署 [61] 公司正在与多家合作伙伴就碳捕集技术进行技术验证,但不会对具体项目进行评论 [63]

Q1 2024 Earnings May 9, 2024 Forward-looking statements and non-GAAP financial measures This presentation contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "could," "estimate," "expe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to ____________ Commission File Number: 001-38598 _______________________ ...

财务表现 - 2024年第一季度，Bloom Energy报告的营收为2.353亿美元，较2023年第一季度的2.752亿美元下降14.5%[2] - 2024年第一季度，Bloom Energy的总体毛利率为16.2%，较2023年第一季度的19.7%下降3.5个百分点[3] - 2024年第一季度，Bloom Energy的非GAAP毛利率为17.5%，较2023年第一季度的21.2%下降3.7个百分点[4] - 2024年第一季度，Bloom Energy的营运亏损为4,900万美元，较2023年第一季度的6,370万美元改善了1,470万美元[5] - 2024年第一季度，Bloom Energy的非GAAP营运亏损为3,070万美元，较2023年第一季度的3,410万美元改善了340万美元[6] - 2024年第一季度总收入为235,298千美元，较2023年同期的356,917千美元下降[18] - 2024年第一季度净亏损为56,543千美元，较2023年同期的4,117千美元增加[18] - 2024年第一季度现金流量经营活动净额为-147,266千美元，较2023年同期的121,833千美元下降[22] - 2024年第一季度现金、现金等价物和受限现金净减少为-162,456千美元，较2023年同期的107,482千美元增加[23] - Q1'24的非GAAP毛利为41,226千美元，较Q4'23的97,779千美元和Q1'23的58,428千美元有所下降[32] - Q1'24的调整后净收入为-38,432千美元，较Q4'23的19,421千美元和Q1'23的-45,445千美元有所下降[33] - Q1'24的调整后EBITDA为-18,218千美元，较Q4'23的39,760千美元和Q1'23的-15,942千美元有所下降[34] 业绩展望与电话会议 - Bloom Energy重申了2024年全年的业绩展望，包括营收为14亿至16亿美元，非GAAP毛利率约为28%，非GAAP营运收入为7500万至1亿美元[9] - Bloom Energy将于2024年5月9日举行电话会议，讨论财务业绩，分析师和投资者可拨打免费电话号码+1 (888) 330-2443参与会议[9] 财务状况 - Bloom Energy的资产总额为22.86亿美元，负债总额为17.97亿美元[16] - 2024年3月31日，公司股东权益为489,150美元，较2023年12月31日的520,670美元有所下降[17] 业务评估 - Bloom Energy鼓励投资者查看非GAAP财务指标与最直接可比的美国GAAP财务指标之间的调和，以评估公司业务[11]