Hey guys, I posted about Bloom Energy recently, but I found some updated news about them that I wanted to share.
Bloom Energy recently reported an 11.5% increase in revenue and a 1.7% improvement in gross margin. They even reaffirmed its projections for the financial year 2024 (we’ll see about that, tho). So it looks like they are having a great year. That’s good news and a big change after the whole mess they got into with the Hinderburg report back in 2019.
For newbies, back then that report mentioned an enormous $2.2B in undisclosed service liabilities. Bloom Energy denied everything, but it didn’t matter: BE dropped, and investors filed a suit against them.
The good news is that they recently agreed to settle $3M with investors to solve this situation. And if anyone is late, I found out that you can still [file for it](https://11thestate.com/cases/be-ipo-settlement), they´re accepting claims even after the deadline.
Anyways, does anyone here have $BE? What are your predictions for the next quarter?
Source: thesatisfiedplethora