Benzinga | Jul 28, 2020 05:18PM EDT

Bloom Energy: Q2 Earnings Insights

Shares of Bloom Energy (NYSE:BE) fell 2.39% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 76.92% year over year to ($0.23), which beat the estimate of ($0.27).

Revenue of $187,856,000 declined by 19.64% from the same period last year, which beat the estimate of $171,500,000.

Guidance

Bloom Energy hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 28, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.bloomenergy.com%2Fevents-and-presentations%2Fevents-calendar%2Fdefault.aspx&eventid=2403468&sessionid=1&key=0A16DB2DED4484A9AE52F87F08845310&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $19.67

52-week low: $2.44

Price action over last quarter: Up 84.15%

Company Overview

Bloom Energy Corp is engaged in providing electric power solutions. The solution of the company includes bloom energy server which is a stationary power generation platform to provide uninterrupted power. It earns revenue from sale and installation of its energy servers to direct and lease customers, provides services under its operations and maintenance contracts, and by selling electricity to customers under PPA agreements.