Reports Q3 revenue $330.4M, consensus $382.24M. The company stated: “Today we are announcing an 80 MW power project using Bloom Energy (BE) fuel cells. We are thrilled to partner with SK Eternix to deliver the world’s largest fuel cell power system and make it operational in 2025. A fuel cell project of this scale is a proof point for how Bloom Energy can power large AI data centers going forward. Bloom is a project-based business, which can lead to quarterly variability – our year-to-date results and our expectations for a strong close to 2024 reflect this. We are confident in our ability to execute based on our identified projects and contracting activities, and we are thus reaffirming our 2024 financial guidance.”
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