Bloom Energy Corp Class A
BE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $26.00 | Qsh | Ckdtxfcm |
Bloom Energy Sees Improving Profitability, but Modest Backlog Growth
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Business Strategy and Outlook
Bloom Energy's core product is its Bloom Energy Server, a distributed solution to meet commercial and industrial customers' 24/7 power needs. Customer use cases vary, but typically prioritize reliability and emission reduction, and to a lesser extent cost savings. Bloom’s Energy Server is based on solid oxide fuel cell, or SOFC, technology and runs on natural gas, biogas, or hydrogen. Natural gas has historically been the dominant fuel, but we expect greater emphasis on biogas and hydrogen in coming years. In comparison with other fuel cell companies, Bloom's SOFC technology is best suited for stationary power applications.