Bloom Energy (NYSE:BE) Delivers Impressive Q4, Stock Jumps 11.2%
Electricity generation and hydrogen production company Bloom Energy (NYSE:BE) reported Q4 CY2024 results topping the market’s revenue expectations , with sales up 60.4% year on year to $572.4 million. The company’s full-year revenue guidance of $1.75 billion at the midpoint came in 3.6% above analysts’ estimates. Its non-GAAP profit of $0.43 per share was 39.9% above analysts’ consensus estimates.
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Revenue: $572.4 million vs analyst estimates of $507.3 million (60.4% year-on-year growth, 12.8% beat)
Adjusted EPS: $0.43 vs analyst estimates of $0.31 (39.9% beat)
Adjusted EBITDA: $147.3 million vs analyst estimates of $108 million (25.7% margin, 36.4% beat)
Management’s revenue guidance for the upcoming financial year 2025 is $1.75 billion at the midpoint, beating analyst estimates by 3.6% and implying 18.7% growth (vs 10% in FY2024)
Operating Margin: 18.3%, up from 3.6% in the same quarter last year
Free Cash Flow Margin: 82.7%, up from 29.6% in the same quarter last year
Market Capitalization: $5.35 billion
KR Sridhar, Founder, Chairman, and CEO of Bloom Energy said, “We are the solution of choice for powering AI, whether that’s large data centers that need reliable power now, or businesses that are going to use AI for productivity gains. Our proven solution is ready to be deployed at GW scale starting this year.”
Working in stealth mode for eight years, Bloom Energy (NYSE:BE) designs, manufactures, and markets solid oxide fuel cell systems for on-site power generation.
Renewable energy companies are buoyed by the secular trend of green energy that is upending traditional power generation. Those who innovate and evolve with this dynamic market can win share while those who continue to rely on legacy technologies can see diminishing demand, which includes headwinds from increasing regulation against “dirty” energy. Additionally, these companies are at the whim of economic cycles, as interest rates can impact the willingness to invest in renewable energy projects.
A company’s long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Thankfully, Bloom Energy’s 13.4% annualized revenue growth over the last five years was excellent. Its growth beat the average industrials company and shows its offerings resonate with customers.
Bloom Energy Quarterly Revenue
Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Bloom Energy’s annualized revenue growth of 10.9% over the last two years is below its five-year trend, but we still think the results were good and suggest demand was strong. Bloom Energy recent history stands out, especially when considering many similar Renewable Energy businesses faced declining sales because of cyclical headwinds.
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