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SAN JOSE - Bloom Energy (NYSE:BE), which has delivered an impressive 253% return over the past year and maintains a market capitalization of $9.09 billion, announced Wednesday that Jim Hagemann Snabe has joined its Board of Directors, bringing decades of experience in scaling global enterprises to the power solutions company. According to InvestingPro data, the company has shown strong momentum with revenue growth of 22.72% in the last twelve months.
Snabe’s career spans more than 30 years in information technology and industrial sectors. He previously served as co-CEO of SAP and currently serves as Chairman of Siemens AG. His past roles include Vice Chair of Allianz SE and Chair of A.P. Møller - Mærsk, where he focused on digital transformation and sustainability initiatives. The appointment comes as Bloom Energy demonstrates solid financial health, with current assets nearly five times its short-term obligations and moderate debt levels.
"Jim’s proven success in scaling global enterprises at SAP, Maersk, and Siemens will be invaluable in our drive to bring clean, reliable, and affordable power to businesses and communities worldwide," said KR Sridhar, Founder, Chairman and CEO of Bloom Energy, in a press release statement.
Jeffrey Immelt, lead independent director of Bloom Energy and former Chairman and CEO of GE, noted that Snabe "brings a lifetime of experience in energy markets, global development, leadership and innovation."
Snabe also currently serves on the Board of Temasek, the Board of Trustees at the World Economic Forum, and is an advisor to Deutsche Bank. Additionally, he holds a position on the Board of Directors at C3 AI.
Bloom Energy, headquartered in Silicon Valley, provides fuel cell systems for onsite electricity generation. The company reports it has deployed 1.5 GW of power across more than 1,200 installations globally, serving Fortune 500 companies including data centers, semiconductor manufacturing facilities, utilities, and other commercial and industrial sectors. The stock is currently trading near its 52-week high of $39.15, reflecting strong market confidence. For detailed analysis and 20 additional exclusive insights, investors can access the comprehensive research report available on InvestingPro.
In other recent news, Bloom Energy Corp. reported its second-quarter 2025 earnings, significantly surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.10, well above the forecasted $0.01, and reported revenue of $401.2 million, exceeding projections of $376.24 million. These results highlight the company’s strong financial performance in the quarter. Additionally, Mizuho has raised its price target for Bloom Energy to $48.00 from $31.00, maintaining an Outperform rating on the stock. This 55% increase in the price target is attributed to Bloom Energy’s plans to expand its manufacturing capacity to meet the rising power demand from data centers. These developments reflect positive sentiment from analysts regarding the company’s growth prospects.
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