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SAN JOSE, Calif. - Bloom Energy Corp . (NYSE:BE) reported fourth quarter earnings and revenue that exceeded analyst expectations, while also providing an optimistic outlook for 2025, sending its shares soaring 10% in after-hours trading.
The fuel cell company posted adjusted earnings per share of $0.43 for Q4, handily beating the consensus estimate of $0.29. Revenue came in at $572.4 million, well above analysts’ expectations of $507.36 million and up 60.4% YoY.
Bloom Energy’s strong quarter was driven by continued growth in product and service revenue, which jumped 67.2% YoY to $525.5 million. The company also saw significant margin expansion, with non-GAAP gross margin improving to 39.3% from 27.4% in the year-ago quarter.
Looking ahead, Bloom Energy provided upbeat guidance for fiscal 2025, projecting revenue between $1.65 billion and $1.85 billion. The midpoint of this range implies 19% YoY growth and surpasses the current Wall Street consensus of $1.69 billion.
"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," said KR Sridhar, Founder, Chairman, and CEO of Bloom Energy.
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