Bloom Energy: Q2 Earnings Snapshot

August 9, 2022 GMT

SAN JOSE, Calif. (AP) _ Bloom Energy Corp. (BE) on Tuesday reported a loss of $118.8 million in its second quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of 67 cents. Losses, adjusted for one-time gains and costs, came to 20 cents per share.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for a loss of 20 cents per share.

The developer of fuel cell systems posted revenue of $243.2 million in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $244.2 million.

Bloom Energy expects full-year revenue in the range of $1.1 billion to $1.15 billion.

Bloom Energy shares have increased 13% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.76, a rise of 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BE at https://www.zacks.com/ap/BE