Jefferies Reiterates Hold Rating on Bloom Energy Corp. (BE), PT $11, Previews Q3 Report

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Bloom Comments on Korea Fuel Cell Auction Results and Expected 2024 and 2025 Korea Volumes

September 20, 2024 3:03 PM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)-- Bloom Energy Corporation (NYSE: BE)

In response to market commentary regarding the results of the recent Korea Hydrogen Portfolio Standard auction, Bloom expects shipment volumes to Korea to be similar in 2024 and the coming years to what they have been in recent years. As disclosed previously, we continue to expect our partner SK ecoplant Co., Ltd. to purchase 500MW of Bloom solid oxide fuel cells between January 1, 2024 and December 31, 2027.

Bloom is the proven leader in solid oxide fuel cell technology, having demonstrated 60% electrical efficiency using... More