Reported 16 days ago
Bloom Energy's stock jumped 20.4% despite reporting a significant earnings miss in Q3 2024, with sales of $330.4 million compared to analyst expectations of $382.2 million. The surprising rise can be attributed to CEO KR Sridhar's announcement of a new partnership with SK Eternix to develop the world's largest fuel cell power system. While the company's financials show improvement, with a decrease in cost of goods sold and a better gross profit margin, Bloom still recorded a loss per share. Analysts remain optimistic about profitability turning positive by 2025, offering a glimmer of hope for investors.
Source: YAHOO