Bloom Energy Stock Falls Despite Q3 Earnings Beat as Operating Cash Flow Turns Negative

Bloom Energy (NYSE: BE) shares traded near $209 in premarket trading Friday, extending the previous session’s losses despite the fuel-cell manufacturer’s stronger-than-expected third-quarter earnings and increased full-year guidance. The quarter also recorded a $27.1 million operating cash outflow. At that price, the stock was 4.06% below Thursday’s closing level of $217.77. Bloom released its quarterly results after the market closed on October 22. For the quarter ended September 30, Bloom generated record revenue of $1.24 billion , up 138.1% year over year and ahead of the approximately $1.06 billion consensus estimate.

Source: The Crypto Basic