"Bloom delivered Q3 revenue of $519.05 million, crushing the consensus estimate of $426.40 million. That represents 57.1% year-over-year growth from $330.40 million in the prior-year quarter. Product and service revenue specifically grew 55.7% to $442.9 million, signaling broad-based demand across the company's installed base of 1,200+ fuel cell systems worldwide. The top-line beat matters because it reflects real deployment momentum, not just accounting adjustments."
"Yet, as of 7:27 p.m. ET in after-hours trading, Bloom Energy is trading for $134.500, which is up around 18.3%. For one, Bloom Energy said they expect 2025 to be better than previously stated guidance. Second, the company announced they're expanding their capacity to 2 gigawatts by next December. That level of scale should allow Bloom to 4X their 2025 revenue."
Bloom Energy reported Q3 revenue of $519.05 million, a 57.1% year-over-year increase driven by product and service revenue growth to $442.9 million across 1,200+ installed fuel cell systems. Adjusted EPS was $0.15 and gross margin improved to 30.4% from 25.2% a year earlier. Operating income turned positive at $7.85 million while net income remained negative $23.09 million. Operating cash flow and free cash flow were negative $213.1 million and $220.4 million, respectively, with $59 million in cash on hand. Management raised 2025 expectations and announced plans to expand capacity to 2 gigawatts by next December, aiming to materially increase 2025 revenue and support AI data center power demand.
Read at 24/7 Wall St.
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