Bloom Energy Announces Fourth Quarter 2020 and Full Year 2020 Financial Results
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Bloom Energy Corp. (BE) Misses Q4 EPS by 8c, Revenues Beat; Offers FY21 Revenue Guidance
February 10, 2021 4:06 PM ESTBloom Energy Corp. (NYSE: BE) reported Q4 EPS of ($0.08), $0.08 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $249.4 million versus the consensus estimate of $235.28 million.
Fourth Quarter Financial Highlights
Revenue of $249.4 million in the fourth quarter of 2020, an increase of 16.8% compared to revenue of $213.5 million in the fourth quarter of 2019, primarily driven by a 16.6% increase in acceptances.450 acceptances, or 45.0 megawatts (MW), a 16.6% increase year-over-year. Recall that an acceptance typically occurs when the system is turned on and producing full power. For orders where one of our partners performs the... More