Bloom Energy is planning a cooperation with Shell to use its SOEC technology for the large-scale production of hydrogen. Bloom points out that they’ve already performed very successful series of tests with the Ames Research Center of NASA in Mountain View: 2.4 metric tons of H2 per day were able to...
My number one in this segment was and remains Bloom Energy, even if the share price, despite the recent price gains, does not come close to reflecting the prospects. In the third quarter, the turnover was able to rise nearly 37 percent to over 400 million USD. There is much to suggest that the...
Bloom Energy was able to increase its turnover by 24 percent in the second quarter to over 301 million USD. The right growth, meanwhile, is to take place – as in every year contingent on project completions – again in the second half of the year – principally in the fourth quarter. The ratio is...
Good figures for first quarter 2023: Turnover rose over 37 percent compared with the prior-year quarter to 275 million USD. Regarding the year as a whole, the first half of the year will constitute 30 percent of sales. The whole year is to generate, as forecasted, 1.4 to 1.5 billion USD in turnover...
The figures for fiscal 2022, but above all an evaluation of the written version of the accompanying conference call with expert analysts from renowned investment banks, suggest a very good future for Bloom Energy and support my extremely optimistic assessment. In it were many self-commendations from...
The outlook that CEO K. R. Sridhar gave at the press conference on the figures for the third quarter of 2022 sparkled with optimism for the company. The total output capacity in SOFC fuel cell stacks would reach 600 MW within the year. The capacity of the electrolyzers would lie at 1.3 GW that year. Both figures should experience a doubling in 2023, after the new factory in Fremont, California commences production in the third quarter of 2022. There, Bloom has a highly efficient setup regarding the manufacture of both of its stack types (SOFC and SOEC), as the new production facilities can produce these simultaneously or in alternation. I imagine the stacks that will be produced are those that will give the highest margin according to the market environment and demand.
More is unimaginable, looking at the share price development of the past weeks for Bloom Energy: from 16 USD to over 31 USD, corresponding to a near doubling. The price decline that then occurred was the fault of a type of arbitrage, as Bloom had announced a capital increase at short notice and...
The future prospects of Bloom are fully intact and unchanged (over 30% growth p. a.) and allow for a very positive outlook: for 2022, over 1.1 billion USD turnover, cash flow positive, gross profit margin of 24% and on the way to the profit zone with strongly increasing backlog of orders and new complementary fields of activity (e.g. electrolysis). The first quarter, with a turnover of 201 million USD and a stated loss of 78.4 million USD (contains 26.3 million USD stock-based compensation), or minus 0.44 USD per share (GAAP), was disappointing at first glance. Large material deliveries to key customer SK ecoplant in South Korea was one reason for it.
Finally: FuelCell Energy has agreed and settled with South Korean company Posco. FuelCell is now independent from Posco again and can pursue other opportunities in Asia. The company figures of FuelCell Energy are not yet very convincing, given the last quarterly results: a measly 14 million USD...
The enormous interest in hydrogen and fuel cell technology has brought a lot of attention to the publicly listed companies in this field. Fuel cell producers like Bloom Energy, however, are finding it difficult to benefit to a comparable extent from the upswing in the H2 sector because their plants are still dependent on fossil gases for the time being. H2-international talked to the head of business development at Bloom Energy Germany, Dr. Stephan Reimelt, about some challenges involved in supplying decentralized energy through fuel cell plants.
With ExxonMobil, FuelCell Energy is already working nicely with regard to carbon capture. Now ExxonMobil has published a six-year plan that sees the corporation wanting to invest USD 15 billion in this area. As a result, I therefore believe that for FuelCell Energy there is potential for many a...
