BLOOM ENERGY Reports 23.8% Increase in Revenue for Q2 FY2023

August 15, 2023

☀️Earnings Overview

For the second quarter of FY2023 ending June 30 2023, BLOOM ENERGY ($NYSE:BE) saw a 23.8% increase in total revenue, amounting to USD 301.1 million. Net income for the quarter was -66.1 million, a major improvement compared to the -118.8 million reported in Q2 of FY2022.

Analysis

GoodWhale recently conducted an analysis of BLOOM ENERGY‘s wellbeing, which was revealed through their Star Chart. Their health score came out to be 2/10, which is quite low. This low score is largely due to their cashflows and debt, which is probably why BLOOM ENERGY is less likely to pay off debt or fund future operations. Due to their high revenue or earnings growth, BLOOM ENERGY is classified as a ‘cheetah’ company. This means that while they may be successful in terms of growth, they are considered less stable when it comes to their profitability and other areas. BLOOM ENERGY is strong in growth, medium in asset, but weak in dividend and profitability. As such, investors who are interested in companies with high potential growth and are not as concerned with their dividends or profitability may be the best fit for this company. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Bloom Energy. More…

    Total Revenues Net Income Net Margin
    1.33k -241.88 -17.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Bloom Energy. More…

    Operations Investing Financing
    -454.4 -118.22 1.08k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Bloom Energy. More…

    Total Assets Total Liabilities Book Value Per Share
    2.72k 2.37k 1.47
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Bloom Energy are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    19.4% -15.2%
    FCF Margin ROE ROA
    -43.0% -35.9% -4.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items




  • Peers

    The competition between Bloom Energy Corp and its competitors is fierce. Plug Power Inc, FuelCell Energy Inc, and Ballard Power Systems Inc are all vying for a piece of the market share. Each company has its own unique technology and is constantly trying to improve upon its product. The competition is heating up and it is unclear who will come out on top.

    – Plug Power Inc ($NASDAQ:PLUG)

    Plug Power Inc is a provider of alternative energy technology solutions that designs, develops, manufactures, markets, and services hydrogen fuel cells. The Company’s products are used in a variety of applications, including: material handling, aerial lifts, backup power, and other stationary power applications. Plug Power Inc has a market cap of $9.55B as of 2022 and a Return on Equity of -13.42%. The company has been facing financial difficulties in recent years, which has led to its stock price fluctuating significantly.

    – FuelCell Energy Inc ($NASDAQ:FCEL)

    FuelCell Energy Inc is a US company that designs, manufactures, installs, operates and services ultra-clean, efficient and reliable fuel cell power plants. The company has a market capitalization of 1.23 billion as of 2022 and a return on equity of -10.2%. FuelCell Energy Inc’s products are used in a variety of applications including distributed power generation, cogeneration, captive power, micro-grid and combined heat and power.

    – Ballard Power Systems Inc ($TSX:BLDP)

    Ballard Power Systems Inc is a Canadian fuel cell company that designs, develops, manufactures, and sells fuel cells. The company has a market cap of 2.32B as of 2022 and a Return on Equity of -8.43%. Ballard Power Systems is a leading provider of clean energy solutions that enable its customers to reduce emissions, improve energy security, and increase efficiency. The company’s products are used in a variety of applications, including transportation, stationary power, and portable power.

    Summary

    Investing in Bloom Energy presents a potentially lucrative opportunity for investors. During the second quarter of FY2023, the company reported total revenue of USD 301.1 million, representing a year-over-year increase of 23.8%. Additionally, net income improved from USD -118.8 million in the same quarter of the previous year to USD -66.1 million, demonstrating that the company is making progress in achieving profitability. With further improvements in financial performance, Bloom Energy could be an attractive investment in the near future.

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