[Jditi]

45v to be EASED by Yr end! ... to be followed by LOTS of orders which have been on hold.

Per Treasury yesterday: "we are working to include appropriate adjustments and additional flexibilities to help grow the industry and move projects forward".

https://home.treasury.gov/news/press-releases/jy2625

[Atlanta1]

buddy, this is old news - correcting a previous S-3.

Also, it is not a dilutive offering of new shares. It's a sale by existng shareholders.

[Atlanta1]

why is this bad news?

[Jack_Bolander]

I Love It when companies wait until Friday afternoon to announce BAD NEWS !

[Jack_Bolander]

MORE BAD NEWS !

https://seekingalpha.com/news/4149759-bloom-energy-files-for-mixed-securities-shelf?mailingid=36730865&messageid=2900&serial=36730865.2245&source=email_2900&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=36730865.2245

[Jack_Bolander]

Jditi - "This is the week 45v is finalized with common sense, Aug 16 deadline! Buy!"

[Jack_Bolander]

Jditi - " finalized 45v rules are coming within the next 2 weeks!"

[Jditi]

This is the week 45v is finalized with common sense, Aug 16 deadline! Buy!

https://www.casey.senate.gov/news/releases/casey-colleagues-urge-biden-administration-to-change-proposed-hydrogen-production-tax-credit

[Jditi]

Not sure why market is ignoring this, but eased, finalized 45v rules are coming within the next 2 weeks! When the authors of law tell an agency they need to get the law's intent right by a certain date, they always do it.



https://www.casey.senate.gov/news/releases/casey-colleagues-urge-biden-administration-to-change-proposed-hydrogen-production-tax-credit

[harry crumb]

Been loading back up here $$$$$$

[harry crumb]

Lets see a gap down to 13, reload $$$$$

[harry crumb]

Boom, this company is for real. Long hold here $$$$$$

[Jditi]

Last Wednesday saw the biggest news to hit hydrogen in a LONG time: https://www.padilla.senate.gov/newsroom/press-releases/padilla-colleagues-urge-treasury-to-adjust-guidance-to-support-clean-hydrogen-power-development/

These senators wrote the 45v law, so will be taken very seriously and say the draft significantly deviates from the law's intent.

Not only are their recommendations enormously bullish for hydrogen names, unlocking billions into the space, but they also insist treasury finalize before Aug 16th!

I'd say this caused the Thu/Fri rally but hydrogen was only inline with solar names.

All the hydrogen names should mean revert (at least) to 52 week highs in the next few weeks!

[Jack_Bolander]

It looks like there was a Delayed Reaction

[harry crumb]

Easy money flippn bloom $$!$!

[Jack_Bolander]

OUCH !

https://www.oregonlive.com/silicon-forest/2024/06/amazon-scraps-plan-to-use-fuel-cells-powered-by-natural-gas-to-run-oregon-data-centers.html

[Jack_Bolander]

MORE BAD NEWS :

https://tdn.com/news/state-regional/amazon-scraps-plan-to-use-fuel-cells-powered-by-natural-gas-to-run-oregon-data/article_602b95c8-2771-11ef-8ffa-93f501958d44.html

[harry crumb]

Told everybody! $$$$$$

[igotthemojo]

BE up 13%...i hadnt checked but assumed they had news?...

FCEL up 14.5% on huge volume....no news there...

i just asumed that fcel was piggy backing BE news...lol

[uksausage]

Anyone have any idea what is driving this multi-day rally in Bloom which isnt being mirrored in their peers.
Happy to see it but will it last?

[harry crumb]

Beast mode, holding for 20’s $$$$$

[Jditi]

All the hydrogen names should be flying this week.

"The Internal Revenue Service expects the U.S. Department of Energy to update a model used to determine eligibility for the new clean hydrogen production tax credit under recently proposed rules, an IRS attorney said Friday."

https://www.law360.com/tax-authority/federal/articles/1833286?utm_source=shared-articles&utm_medium=email&utm_campaign=shared-articles

[harry crumb]

Bloom a winner

[harry crumb]

Bloom is about to bloom again! $$$$$$$

[jsc52033]

yes and it has a gap to fill up higher

[harry crumb]

Bloom is a winner, adding an holding

[budgetthis]

Let’s Bloom into spring…….we’re having a great day last few days, for sure.

$$ BE $$

[harry crumb]

We think bloom is going to be a strong company in coming quarters, pretty good investment imo

[Monksdream]

BE new 52 week low

[harry crumb]

Win many lose a few lol

[Jack_Bolander]

Ouch

[harry crumb]

Loaded here

[harry crumb]

If it gets to 13 area we are loading again

[harry crumb]

Solid company here, earnings were tremendous

[56Chevy]

Marker:

BE
$11.61 1.58 (15.75%)
Volume: 8,351,213

.

[harry crumb]

Boom, 20’s will be back

[Jack_Bolander]

Banger - PLUG FCEL and HYZN are next.

The tide is quickly going out and it's easy to see whose wearing trunks.

[uksausage]

Wow.
Got to sort out the 45V verdicts then projects can get financing orders committed and staff not let go.

[Jack_Bolander]

Today will be ugly.

Earnings will be uglier.

https://www.bizjournals.com/sanjose/news/2023/10/25/bloom-lays-off-97-workers-in-fremont-sunnyvale.html?utm_source=sy&utm_medium=nsyp&utm_campaign=yh&yptr=yahoo

Bloom Energy Corp. has cut 95 workers across two of its facilities, one each in Sunnyvale and Fremont. The San Jose company planned to let go the affected wor...

[gasman3]

I believe the share price is at a 3 year low.

[uksausage]

I know!

[Jack_Bolander]

Next Wednesday's drop won't be with BE.

[uksausage]

Need to read the call transcript. As I mention ed their end year forecast seemed hard to substantiate.
Bloom probably suffering from being boring and not trying to do everything hydrogen. Subtle marketing focus to CHP and that’s it. But still executing their bus8ness with better cost controls.
The market seemed to be expecting better so they fell, May see historic price drops next Wednesday !

[Jack_Bolander]

Banger - Would you like to revise your analysis?

[Jack_Bolander]

Banger - Wrong Again! If a risky company has mediocre results the share price falls.

It happens nearly every time, and you have seen it happen many times before.

Were you hoping for a different result this time?

Tell me Dave, do we know of another poorly managed, risky company which will be announcing MIXED results soon?

[Jack_Bolander]

Banger - Not really. Mixed at best. Not enough to move the needle?

[uksausage]

pretty good report - steady as they go, nothing spectacular.

Not sure how they get to o 25% GM for. the year and positive operating margin may be for the last month?

Seems their phasing over the year isn't as skewed to second half as others in the industry reflecting their market now.

[Jack_Bolander]

Press release: Q2 Non-GAAP EPS of -$0.17 (missed by $0.03)

Revenue of $301.1M (+23.8% Y/Y, missed by $10.26M.

For 2023 Outlook:

Revenue:$1.4 - $1.5 billion; Product & Service Revenue: $1.25 - $1.35 billion;

Non-GAAP Gross Margin: ~25%;

Non-GAAP Operating Margin: Positive.

[uksausage]

Wow, new interface....
todays announcement of Bloom selling CHP solutions is interesting - haven't they always been CHP so just not marketed as such? Or have they added a module of some sort to capture the steam stream?

https://ih.advfn.com/stock-market/NYSE/bloom-energy-BE/stock-news/91699806/bloom-energy-launches-advanced-chp-solution-for-ne

In the article they talk about replacing hydrochloride based chillers in datacenters with their technology - cant see how a CCHP can do any chilling apart from providing the electricity to chill using whatever technology you want.