Bloom Energy Tops $1 Billion in Quarterly Revenue for the First Time — Stock Rises

Bloom Energy Corporation (NYSE: BE ) is trending after the company reported second-quarter earnings Tuesday that surpassed $1 billion in quarterly revenue for the first time, alongside a wave of analyst activity. Bloom shares are showing limited movement. What’s next for BE stock? Strong Q2 Results Bloom reported EPS of 78 cents, beating the consensus estimate of 42 cents. Revenue came in at $1.065 billion, beating the consensus estimate of $851.4 million and representing 165.5% growth year-over-year, driven largely by product revenue that surged 215.4% to $935.4 million. Gross margin expanded to 33.4% from 26.7% a year earlier, and operating income swung to $182.2 million from a $3.5 million operating loss in the prior-year period. Cash flow from operating activities improved to $226.4 million from a use of $213.1 million a year earlier. “The demand for Bloom Energy&#8217...