Bloom Energy Blows Past Q2 Estimates, Shares Jump

Bloom Energy Corp (NYSE: BE ) reported financial results for the second quarter on Tuesday after the closing bell. Here’s a rundown of the report. Bloom Energy stock is trending. What’s going on with BE stock? Bloom Energy Q2 Highlights Bloom Energy posted second-quarter revenue of $1.07 billion, beating analyst estimates of $ 822.77 million, according to Pro. The fuel cell company reported second-quarter adjusted earnings of 78 cents per share, beating estimates of 40 cents per share. Total revenue grew 165.5% on a year-over-year basis. Product revenue accounted for $935.4 million of the company’s quarterly revenue, up 215.4% year-over-year. Cash flow from operations totaled $226.4 million. Bloom Energy ended the quarter with approximately $2.67 billion in total cash and cash equivalents. “The demand for Bloom Energy’s solutions keeps accelerating every quarte...