2024-03-14 12:08:31 ET
Summary
- Q4'23 results and guidance were weaker than expected.
- The company achieved positive CFOA and operating margins in Q4'23, achieving a key milestone.
- Bloom Energy sees strong potential from the AI and data center space, although sales cycle tends to be longer for greenfield projects.
- The company announced that Greg Cameron, the company's CFO, after four years of being with the company.
- The proposed large data center deployment with Amazon has been delayed, and there is a chance this may be further delayed or terminated.
Bloom Energy ( BE ) posted a Q4'23 result that was surprisingly negative to me on multiple fronts.
After looking into the print, I prefer to stay on the sidelines despite the long-term growth prospects and market expansion opportunities....
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For further details see:
Bloom Energy: Staying On The Sidelines