NYSE$BE
Bloom Energy Corp · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Announced third quarter 2021 financial results with Q3 revenue of $207.2 million, a 3.5% year-over-year increase, and a GAAP gross margin of 17.8%.
Bloom Energy reported a revenue of $207.2 million for Q3 2021, representing a 3.5% increase compared to the same period last year. The company's GAAP gross margin was 17.8%. They also launched Bloom Electrolyzer and Hydrogen Energy Server.
- Record acceptances of 353 systems in Q3 2021, a 12.4% increase year-over-year.
- Q3 2021 revenue reached $207.2 million, up 3.5% from $200.3 million in Q3 2020.
- Launched commercial availability of Bloom Electrolyzer and Hydrogen Energy Server starting in 2022.
- Expanded strategic partnership with SK ecoplant to accelerate hydrogen commercialization.
Headline financials
Revenue & EPS history
Bloom Energy · Revenue · Quarterly
$207M
Revenue by segment
Bloom Energy · $207M total across 4 segments · Q3 2021
- Product Revenue$129M—62.0%
- Service Revenue$39.3M—18.9%
- Installation Revenue$22.2M—10.7%
- Electricity Revenue$17.3M—8.3%
Forward guidance
The press release contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Tailwinds
- Bloom’s ability to accelerate its growth with its current products and hydrogen electrolyzers around the world
- Bloom’s expectations regarding the success of its strategic partnership with SK ecoplant
- Bloom’s expectations regarding its fuel cell technology platform
- Bloom’s financial outlook for 2021
- timing and development of an ecosystem for the hydrogen market, including in the Korean market
Headwinds
- Bloom’s limited operating history
- the emerging nature of the distributed generation market and rapidly evolving market trends
- the significant losses Bloom has incurred in the past
- the significant upfront costs of Bloom’s Energy Servers and Bloom’s ability to secure financing for its products
- Bloom’s ability to drive cost reductions and to successfully mitigate against potential price increases
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-1.7%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+9.6%
Avg return
30 days after
47%
15 / 32 earnings
Positive
+40.1%
Q3 2019
Best reaction
-46.3%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +27.2% | +27.4% | +25.8% | |
| Q4 2025 | +4.7% | +13.9% | -1.0% | |
| Q3 2025 | +18.8% | +25.7% | -3.6% | |
| Q2 2025 | -1.8% | +3.9% | +41.6% | |
| Q1 2025 | -8.2% | -10.8% | +0.8% | |
| Q4 2024 | +4.3% | +4.7% | -11.8% | |
| Q3 2024 | +20.1% | +23.4% | +146.9% | |
| Q2 2024 | +16.1% | +19.8% | +0.5% | |
| Q1 2024 | -5.4% | +5.8% | +25.8% | |
| Q4 2023 | -15.6% | -23.8% | -20.9% | |
| Q3 2023 | +9.5% | +6.8% | +40.1% | |
| Q2 2023 | -5.3% | -6.0% | -9.6% | |
| Q1 2023 | -10.3% | -25.0% | -10.3% | |
| Q4 2022 | +0.7% | -2.8% | -15.8% | |
| Q3 2022 | +11.0% | +12.5% | +26.8% | |
| Q2 2022 | +16.5% | +21.1% | +2.4% | |
| Q1 2022 | -25.5% | -34.5% | -10.2% | |
| Q4 2021 | +5.3% | +24.3% | +42.5% | |
| Q3 2021 | +0.1% | +7.3% | -22.7% | |
| Q2 2021 | -0.4% | +7.8% | +2.1% | |
| Q1 2021 | -3.9% | -13.2% | +6.2% | |
| Q4 2020 | -4.2% | -3.3% | -29.3% | |
| Q3 2020 | -13.4% | -0.5% | +75.5% | |
| Q2 2020 | -20.7% | -25.0% | +1.2% | |
| Q1 2020 | +3.4% | -3.3% | +23.7% | |
| Q4 2019 | -33.3% | -33.3% | +7.0% | |
| Q3 2019 | +40.1% | +50.7% | +43.1% | |
| Q2 2019 | -46.3% | -40.2% | -42.9% | |
| Q1 2019 | -7.2% | -12.4% | -29.6% | |
| Q4 2018 | -5.6% | -6.5% | +32.7% | |
| Q3 2018 | -24.9% | -15.3% | -33.0% | |
| Q2 2018 | +0.8% | -1.0% | +2.7% | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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