(State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) | ||||||||||
(Address of principal executive offices) | (Zip Code) | ||||||||||
(Registrant’s telephone number, including area code) | |||||||||||
Not Applicable | |||||||||||
(Former name or former address, if changed since last report) |
Title of each class(1) | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||||||||
(1) | The registrant’s Class B Common Stock is not registered but is convertible into shares of Class A Common Stock at the election of the holder. |
Exhibit No. | Description | |||||||
Press release dated August 4, 2021 | ||||||||
104 | Cover page interactive data file (embedded within the inline XBRL document) |
BLOOM ENERGY CORPORATION | ||||||||||||||||||||||||||||||||||||||||||||
Date: | August 4, 2021 | By: | /s/ Gregory Cameron | |||||||||||||||||||||||||||||||||||||||||
Gregory Cameron | ||||||||||||||||||||||||||||||||||||||||||||
Executive Vice President and Chief Financial Officer | ||||||||||||||||||||||||||||||||||||||||||||
($000) | Q221 | Q121 | Q220 | ||||||||||||||
Revenue | 228,470 | 194,007 | 187,856 | ||||||||||||||
Cost of Revenue | 191,126 | 139,356 | 161,607 | ||||||||||||||
Gross Profit | 37,344 | 54,651 | 26,249 | ||||||||||||||
Gross Margin | 16.3% | 28.2% | 14.0% | ||||||||||||||
Operating Expenses | 80,055 | 69,048 | 55,749 | ||||||||||||||
Operating Loss | (42,711) | (14,397) | (29,500) | ||||||||||||||
Operating Margin | (18.7%) | (7.4%) | (15.7%) | ||||||||||||||
Non-operating Expenses1 | 11,152 | 10,492 | 13,012 | ||||||||||||||
Net Loss | (53,863) | (24,889) | (42,512) | ||||||||||||||
GAAP EPS | GAAP EPS | $ (0.31) | $ (0.15) | $ (0.34) |
($000) | Q221 | Q121 | Q220 | ||||||||
Revenue | 228,470 | 194,007 | 187,856 | ||||||||
Cost of Revenue2 | 187,322 | 136,357 | 156,871 | ||||||||
Gross Profit2 | 41,148 | 57,650 | 30,985 | ||||||||
Gross Margin2 | 18.0% | 29.7% | 16.5% | ||||||||
Operating Expenses2 | 64,726 | 54,837 | 41,854 | ||||||||
Operating Income (loss) 2 | (23,578) | 2,813 | (10,869) | ||||||||
Operating Margin2 | (10.3%) | 1.5% | (5.8%) | ||||||||
Adjusted EBITDA3 | (10,947) | 16,062 | 2,084 | ||||||||
Adjusted EPS4 | $ (0.23) | $ (0.07) | $ (0.23) |
Revenue | $950 million - $1 billion | ||||
Non-GAAP Gross Margin*: | ~25% | ||||
Non-GAAP Operating Margin*: | ~3% | ||||
Cash Flow from Operations: | Approaching positive |
June 30, | December 31, | |||||||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | 203,956 | $ | 246,947 | ||||||||||||||||||||||
Restricted cash | 60,584 | 52,470 | ||||||||||||||||||||||||
Accounts receivable | 54,468 | 96,186 | ||||||||||||||||||||||||
Contract asset | 18,638 | 3,327 | ||||||||||||||||||||||||
Inventories | 163,317 | 142,059 | ||||||||||||||||||||||||
Deferred cost of revenue | 36,273 | 41,469 | ||||||||||||||||||||||||
Customer financing receivable | 5,603 | 5,428 | ||||||||||||||||||||||||
Prepaid expenses and other current assets | 23,061 | 30,718 | ||||||||||||||||||||||||
Total current assets | 565,900 | 618,604 | ||||||||||||||||||||||||
Property, plant and equipment, net | 611,371 | 600,628 | ||||||||||||||||||||||||
Operating lease right-of-use assets | 69,708 | 35,621 | ||||||||||||||||||||||||
Customer financing receivable, non-current | 42,457 | 45,268 | ||||||||||||||||||||||||
Restricted cash, non-current | 135,988 | 117,293 | ||||||||||||||||||||||||
Deferred cost of revenue, non-current | 2,683 | 2,462 | ||||||||||||||||||||||||
Other long-term assets | 35,921 | 34,511 | ||||||||||||||||||||||||
Total assets | $ | 1,464,028 | $ | 1,454,387 | ||||||||||||||||||||||
Liabilities, Redeemable Noncontrolling Interest, Stockholders’ (Deficit) Equity and Noncontrolling Interest | ||||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||||
Accounts payable | $ | 87,132 | $ | 58,334 | ||||||||||||||||||||||
Accrued warranty | 7,697 | 10,263 | ||||||||||||||||||||||||
Accrued expenses and other current liabilities | 96,051 | 112,004 | ||||||||||||||||||||||||
Deferred revenue and customer deposits | 79,262 | 114,286 | ||||||||||||||||||||||||
Operating lease liabilities | 5,375 | 7,899 | ||||||||||||||||||||||||
Financing obligations | 13,819 | 12,745 | ||||||||||||||||||||||||
Recourse debt | 2,020 | — | ||||||||||||||||||||||||
Non-recourse debt | 117,690 | 120,846 | ||||||||||||||||||||||||
Total current liabilities | 409,046 | 436,377 | ||||||||||||||||||||||||
Deferred revenue and customer deposits, non-current | 79,059 | 87,463 | ||||||||||||||||||||||||
Operating lease liabilities, non-current | 78,441 | 41,849 | ||||||||||||||||||||||||
Financing obligations, non-current | 459,887 | 459,981 | ||||||||||||||||||||||||
Recourse debt, non-current | 288,650 | 168,008 | ||||||||||||||||||||||||
Non-recourse debt, non-current | 98,093 | 102,045 | ||||||||||||||||||||||||
Other long-term liabilities | 20,904 | 17,268 | ||||||||||||||||||||||||
Total liabilities | 1,434,080 | 1,312,991 | ||||||||||||||||||||||||
Redeemable noncontrolling interest | 334 | 377 |
Stockholders’ equity (deficit): | ||||||||||||||||||||||||||
Common stock | 17 | 17 | ||||||||||||||||||||||||
Additional paid-in capital | 3,155,917 | 3,182,753 | ||||||||||||||||||||||||
Accumulated other comprehensive loss | (124) | (9) | ||||||||||||||||||||||||
Accumulated deficit | (3,177,381) | (3,103,937) | ||||||||||||||||||||||||
Total stockholders’ (deficit) equity | (21,571) | 78,824 | ||||||||||||||||||||||||
Noncontrolling interest | 51,185 | 62,195 | ||||||||||||||||||||||||
Total liabilities, redeemable noncontrolling interest, stockholders' (deficit) equity and noncontrolling interest | $ | 1,464,028 | $ | 1,454,387 |
Three Months Ended June 30, | ||||||||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||||||||
Revenue: | ||||||||||||||||||||||||||
Product | $ | 146,867 | $ | 116,197 | ||||||||||||||||||||||
Installation | 28,879 | 29,839 | ||||||||||||||||||||||||
Service | 35,707 | 26,208 | ||||||||||||||||||||||||
Electricity | 17,017 | 15,612 | ||||||||||||||||||||||||
Total revenue | 228,470 | 187,856 | ||||||||||||||||||||||||
Cost of revenue: | ||||||||||||||||||||||||||
Product | 108,891 | 83,127 | ||||||||||||||||||||||||
Installation | 36,515 | 38,287 | ||||||||||||||||||||||||
Service | 35,565 | 28,652 | ||||||||||||||||||||||||
Electricity | 10,155 | 11,541 | ||||||||||||||||||||||||
Total cost of revenue | 191,126 | 161,607 | ||||||||||||||||||||||||
Gross profit | 37,344 | 26,249 | ||||||||||||||||||||||||
Operating expenses: | ||||||||||||||||||||||||||
Research and development | 25,673 | 19,377 | ||||||||||||||||||||||||
Sales and marketing | 22,727 | 11,427 | ||||||||||||||||||||||||
General and administrative | 31,655 | 24,945 | ||||||||||||||||||||||||
Total operating expenses | 80,055 | 55,749 | ||||||||||||||||||||||||
Loss from operations | (42,711) | (29,500) | ||||||||||||||||||||||||
Interest income | 76 | 332 | ||||||||||||||||||||||||
Interest expense | (14,553) | (14,374) | ||||||||||||||||||||||||
Interest expense - related parties | — | (794) | ||||||||||||||||||||||||
Other income (expense), net | 22 | (3,913) | ||||||||||||||||||||||||
(Loss) gain on revaluation of embedded derivatives | (942) | 412 | ||||||||||||||||||||||||
Loss before income taxes | (58,108) | (47,837) | ||||||||||||||||||||||||
Income tax provision | 313 | 141 | ||||||||||||||||||||||||
Net loss | (58,421) | (47,978) | ||||||||||||||||||||||||
Less: Net loss attributable to noncontrolling interest and redeemable noncontrolling interest | (4,558) | (5,466) | ||||||||||||||||||||||||
Net loss attributable to Class A and Class B common stockholders | $ | (53,863) | $ | (42,512) | ||||||||||||||||||||||
Net loss per share available to Class A and Class B common stockholders, basic and diluted | $ | (0.31) | $ | (0.34) | ||||||||||||||||||||||
Weighted average shares used to compute net loss per share available to Class A and Class B common stockholders, basic and diluted | 172,749 | 125,928 |
Six Months Ended June 30, | ||||||||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||||
Net loss | $ | (88,202) | $ | (129,620) | ||||||||||||||||||||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||||||||||||||||||
Depreciation and amortization | 26,808 | 25,852 | ||||||||||||||||||||||||
Non-cash lease expense | 4,520 | 2,759 | ||||||||||||||||||||||||
Impairment of equity method investment | — | 4,236 | ||||||||||||||||||||||||
Revaluation of derivative contracts | 462 | (72) | ||||||||||||||||||||||||
Stock-based compensation expense | 36,343 | 41,652 | ||||||||||||||||||||||||
Loss on extinguishment of debt | — | 14,098 | ||||||||||||||||||||||||
Amortization of debt issuance costs and premium, net | 1,900 | (470) | ||||||||||||||||||||||||
Changes in operating assets and liabilities: | ||||||||||||||||||||||||||
Accounts receivable | 41,718 | (11,531) | ||||||||||||||||||||||||
Contract assets | (15,311) | (256) | ||||||||||||||||||||||||
Inventories | (21,026) | (3,532) | ||||||||||||||||||||||||
Deferred cost of revenue | 4,984 | (9,995) | ||||||||||||||||||||||||
Customer financing receivable | 2,636 | 2,490 | ||||||||||||||||||||||||
Prepaid expenses and other current assets | 7,656 | 7,314 | ||||||||||||||||||||||||
Other long-term assets | (1,410) | (3,574) | ||||||||||||||||||||||||
Accounts payable | 29,449 | 8,831 | ||||||||||||||||||||||||
Accrued warranty | (2,565) | (159) | ||||||||||||||||||||||||
Accrued expenses and other current liabilities | (16,225) | 13,509 | ||||||||||||||||||||||||
Operating lease right-of-use assets and operating lease liabilities | (5,140) | (2,973) | ||||||||||||||||||||||||
Deferred revenue and customer deposits | (43,428) | 2,907 | ||||||||||||||||||||||||
Other long-term liabilities | 1,529 | (1,701) | ||||||||||||||||||||||||
Net cash used in operating activities | (35,302) | (40,235) | ||||||||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||||
Purchase of property, plant and equipment | (34,461) | (19,560) | ||||||||||||||||||||||||
Net cash used in investing activities | (34,461) | (19,560) |
Six Months Ended June 30, | ||||||||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||||
Proceeds from issuance of debt | — | 70,000 | ||||||||||||||||||||||||
Proceeds from issuance of debt to related parties | — | 30,000 | ||||||||||||||||||||||||
Repayment of debt | (7,838) | (82,248) | ||||||||||||||||||||||||
Repayment of debt - related parties | — | (2,105) | ||||||||||||||||||||||||
Debt issuance costs | — | (3,371) | ||||||||||||||||||||||||
Proceeds from financing obligations | 7,123 | — | ||||||||||||||||||||||||
Repayment of financing obligations | (6,387) | (5,111) | ||||||||||||||||||||||||
Distributions to noncontrolling interests and redeemable noncontrolling interests | (4,762) | (5,815) | ||||||||||||||||||||||||
Proceeds from issuance of common stock | 65,668 | 5,186 | ||||||||||||||||||||||||
Net cash provided by financing activities | 53,804 | 6,536 | ||||||||||||||||||||||||
Effect of exchange rate changes on cash, cash equivalent and restricted cash | (223) | — | ||||||||||||||||||||||||
Net decrease in cash, cash equivalents, and restricted cash | (16,182) | (53,259) | ||||||||||||||||||||||||
Cash, cash equivalents, and restricted cash: | ||||||||||||||||||||||||||
Beginning of period | 416,710 | 377,388 | ||||||||||||||||||||||||
End of period | $ | 400,528 | $ | 324,129 |
Q221 | Q121 | Q220 | |||||||||
Revenue | 228,470 | 194,007 | 187,856 | ||||||||
Gross Profit | 37,344 | 54,651 | 26,249 | ||||||||
Gross Margin % | 16.3% | 28.2% | 14.0% | ||||||||
Stock-based compensation (Cost of Revenue) | 3,804 | 2,999 | 4,736 | ||||||||
Gross Profit excluding SBC | 41,148 | 57,650 | 30,985 | ||||||||
Gross Margin excluding SBC % | 18.0% | 29.7% | 16.5% |
Q221 | Q121 | Q220 | |||||||||
Cost of Revenue | 191,126 | 139,356 | 161,607 | ||||||||
Stock-Based Compensation - Cost of Revenue | 3,804 | 2,999 | 4,736 | ||||||||
Cost of Revenue – Excluding SBC | 187,322 | 136,357 | 156,871 |
Q221 | Q121 | Q220 | |||||||||
Operating Expenses | 80,055 | 69,048 | 55,749 | ||||||||
Stock-Based Compensation - Operating Expenses | 15,329 | 14,211 | 13,895 | ||||||||
Operating Expenses – Excluding SBC | 64,726 | 54,837 | 41,854 |
Q221 | Q121 | Q220 | ||||||||||||
Operating Loss | (42,711) | (14,397) | (29,500) | |||||||||||
Stock-based compensation | 19,133 | 17,210 | 18,631 | |||||||||||
Operating Income (loss) excluding SBC | (23,578) | 2,813 | (10,869) |
Q221 | Q121 | Q220 | |||||||||
Net loss to Common Stockholders | (53,863) | (24,889) | (42,512) | ||||||||
Loss for non-controlling interests1 | (4,558) | (4,892) | (5,466) | ||||||||
Loss (gain) on derivatives liabilities2 | 942 | 518 | (412) | ||||||||
Loss (gain) on the Fair Value Adjustments for certain PPA derivatives3 | (735) | (193) | 135 | ||||||||
Stock-based compensation | 19,133 | 17,210 | 18,631 | ||||||||
Adjusted Net Loss | (39,081) | (12,246) | (29,624) | ||||||||
Net loss to Common Stockholders per share | $ (0.31) | $ (0.15) | $ (0.34) | ||||||||
Adjusted net loss per share (EPS) | $ (0.23) | $ (0.07) | $ (0.23) | ||||||||
GAAP weighted average shares outstanding attributable to common, Basic and Diluted (thousands) | 172,749 | 170,745 | 125,928 | ||||||||
Adjusted weighted average shares outstanding attributable to common, Basic and Diluted (thousands)4 | 172,749 | 170,745 | 130,646 |
Q221 | Q121 | Q220 | |||||||||
Net loss to Common Stockholders | (53,863) | (24,889) | (42,512) | ||||||||
Loss for non-controlling interests1 | (4,558) | (4,892) | (5,466) | ||||||||
Loss (gain) on derivatives liabilities2 | 942 | 518 | (412) | ||||||||
Loss (gain) on the Fair Value Adjustments for certain PPA derivatives3 | (735) | (193) | 135 | ||||||||
Stock-based compensation | 19,133 | 17,210 | 18,631 | ||||||||
Depreciation & Amortization | 13,366 | 13,442 | 12,818 | ||||||||
Provision (benefit) for Income Tax | 313 | 124 | 141 | ||||||||
Interest Expense (Income), Other Expense (Income), net | 14,455 | 14,742 | 18,749 | ||||||||
Adjusted EBITDA | (10,947) | 16,062 | 2,084 |
666VZYY99;;KE]@BSXY_P7
M>_4%&@&8&1 9#LAP%NPOT+\:>=0)%B!(8.[/_XARO,.=?-.>L% ! A&^B1
M#1,% %$ZR&4(1 R(5#X# Q$[A >?M>,]?[B&!O;;8O#_?.?(Q[<<-@QBV#GU
MRE54!6041"FK8XJN8;0) F'K(+S^^IN8./.*1TJ=3"^ALM$$KXF=+]7'Y>R<
M\Z8>4I9)Y+(V /#66V^MZNFYTE$\("+8:<3P,@U?%!XP]GLT+!:+Z\RP!Z3W
M*M_S$VP^;+.20ZR'B63(HB0 8/;,";]56(]2,SW._&U05U<7"VL3;72] SON
MN&,[LBBB3X@.&!(BZ098M7K5,#+J$W7_6 D'-3>-[+*$E<',MH58MGRI
M6BM*9<6A:E0=6KM6??RVD^][6TNR&7T*ME58:! )4K'^L\V-(UM_->+V#QM8
ML2@2.\LKWF]7(GV+9R B(B(B(B(B(B)B@"%SJ+'SKR%J%P*(P5.YZ\85WQLU
M8O"(#EO-LT)**6WY@C^2 &* NJ0!74GK7O./^<$B3_HWAPJT3S(8%.W .AV=[7NC42LC5-(S.7N]_8J4,MJQ?(2&=_R>[X
MK>_72)!J(^-3,!#$7!RO='\:B/, YT* =PKP,N[C#V64C]30?D_)'5'V:U"S
M-UE7LVB X\+.RL(H>,LASO2'\HVI7L. E'W0"$YA#\ O$\_Q
MW/^&-X @Q_!R#"_3:V(8Y._!2AL%$_4/(MG,)9N9I']!\E$&*:2/( D(GP&LK\,S4-AB.G8RF
M2&]B]#V,YU#BG/]3(U45%K"FHO409.B1P74&0ZRQB28)UD-N5G0&[O+H YMR
MR"9JZJ8IGJ,.>%,.]D9/)508H'Q3F:B\]E-L.>F.7F=Z_S!YU!Y:YU;*O8=7
MLN48Y0]02P,$% @ AH$$4R0>FZ*M ^ $ !H !X;"]?1Z%P"<^''G\R6ZI-1^_7'GV?J;^^MM
M/TO<:ND>VO6WBO^>2N,M(CHQZ_[ ,__+3D/GOQS(=/M_4$H&6PEUJBQ
M:\!0?.TDW"[87ELM)TZ*I->1@0:3BN\C.3<- ':_[.82&P4PW'4(QM][]LB^
M_?N-:VAMV'](GTHT+VN&2 .@ %/T_#<5\D"@"08@D?)?=6//D0M7L)R8_TZR+3RQOJ=^687W[
MD+1]CB7!4H36H%2F)O3!,I+CR*6)1S>W$Q6_3.=#27("?D_I-6=_^WBG;#$,
M=7 V=N6]R2<2=11,>.V6/
MZ2,O:*YOJ]_+1LQ!- <#40"%EG25"<($0W!?(32*$-8P9* *J(FB?8G/LPA5
MXL8UNDL/Z\(&K2>P)PH1=]CE^P(*G;UH!)GO 1Q5-X)Q)
MLP][Z\VW[OOWF^] J /1V+F"#9
PSYFF7+D!8832,AIL
M(CDM),YW4;:UX<+'+YBPHFGY_B*$87VWPB^^=@&V&S@B17 FR;\C@ZJ*6AP\
M_'"<\=6QJ%9]T*P;,)C[O7C >/-M]Y]G); !HN.G, S
M#:>'A< )?;K.*M=QA4RBSXT_7QR,%1U^Q:)XDOK\F.Y-(WF%L4"-PMWW/8!1
M4R^*.JE$I&3&='^3,8EF_:ABD/B0T=,NE[OO>\ &%AYOY"CG)1FD1IJCE!IM
M64>@)FMQB-+CU\%AF/I-BO1.R06KR37&2>@C;.7OEKOG_6C"1;^^*=VG:1+7
MU',!3/)ZD_.# /QC_@(<ZJ=D=3IQ\,4 2JXZJ8;6\DBE&[PQ W_NY29Z=]OO".O
MOO&VK?27K8%*'*V]<5VR9)$(4.C7IQ+[CAQY]+2Q9]X3P;62E?DL,A\PN'3B
M&?><,Q5'KGCLL7M7-[9$?>CL:(.Z8V^_]B $UMJV;;2[$%O7*2ZY7#RL(E;P]]
MH&]M+7;<:0>0F,R2.I8%+:YH&1 ^_/!#O/_!AV4Z8,5N/$2)PQ&N9]?6WS6L
MI (!>.#))R;43QYP][63?CQ?G.S%IFS/SG\AX951U,MJ8#*/OWW^-LO?TER\
MMQJF&-W6Z._$)4H$_>IX?($!'.&GO>P3&;
M7'D^?_;DL==%0-P>;D"PTFH:8(6PN>46$9D0$"$4RD!$Y,9!VO<* X35#8UK
MK43V7!\LHVEETU\C&:3U]+G)OE%//H$RP=P[GA_EJ\1$03%1(O=IRG+M2<>_
M6V-K!,H$>WLV83C>@\X"$$N<8[60":XG3 @@>3<.>CAYHL0LQ-0S"Y"J] LH
MFJ^2XRM0I*#%='H!9 B!6!U< -#8W#.LM&N>&@"%]![2$7RLV(3%E0UA-
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M;SC[^>VKV\+ V+FCC^*@M
0G]?W@GTSJ51TBL<%*6L#^+$ZSYQ":QPC;0!EHC)L\C&
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M3M%Z%F<1P6MOO+E!M"AM>ZK_W%B 6
1I6Z3
MY3!I]O%/]O87K:.XE]S@U\?]]M4+GYSX8&NQY>!N?P8+!!;F3D9@V"971!AD
M!,* .+BZ[]^V_E 82?1XJ1D65WEEBLCSUOG9+ABLJZ[[^07[S;RN-[89L8-D
M-K4TSH;@-B'CR/)4IWWL/GFJ#,.PL<&I!@I<@0JJ& -@1KO]W,GE$.0$0P;*
M!- 4YVCY5C. OQ;_<5*UGV*8EL ":AS7^B+3Z
M&@R%:@FY1^@ZZY?BR&M.]4Z$\.(KK^/8G7=>#(#LW+4I)1-K$'GJRZ*#2+P3
M'R#99DF^ @G"@6=>.)+^]O?K1-D,.I$"L^ESXRO=(10,,Q*MP6Q*JICDF$EW
M1_=\*F.WZUOM] 2-/(9R\ZX)HW
MMH1[0XD([GKRKG-@K$$NA0!5K=\-YE^0"")6]N+V>Q[ A.D7NZD.[2ZN;QE,
MUTCT2E3'7&6)'"DHW6^M^?R!9TX:.6S9BL5OOKO89=_9^4RJBH[=!]>>D.77
M5%-C ^9.._]:E!G7_\L^@SFUWLJ)FU7(M!NY0E=/UTX(YX/63)C7(X8:UM0T
M U!6M,I5.BNZ@1UY#0;)H4)*>.KI19AZT16O4#[K%LC\>AP<
9F!LN_56F'[>M[Y<_CJEU>G*%H'I:O];;C^"
MD("ELAN8\DIP8H(*,<&VZ]YRQP-# -QUSWWW8<^]]H ".>\P^^H[?'B'6V=<
M<-J7>Q'U0(]MZ51>*=G11!Z0+,,H ;,SRF5=5-N.Y(=AYYYVQZ,^%YA*['*E>"[&O- T:LR 32XDG<8@C_&RN
1QR\'U84L=?%4\Y=Z.=WR:ED
M!U?>G(U$WAYCDQ@]2VE[?G@@D>#ZF>
Cover [Abstract]
Document Type
8-K
Document Period End Date
Aug. 04, 2021
Entity Registrant Name
BLOOM ENERGY CORPORATION
Entity File Number
001-38598
Entity Tax Identification Number
77-0565408
Entity Incorporation, State or Country Code
DE
Entity Address, Postal Zip Code
95134
Entity Address, State or Province
CA
Entity Address, City or Town
San Jose,
Entity Address, Address Line One
4353 North First Street,
Local Phone Number
543-1500
City Area Code
408
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Class A Common Stock, $0.0001 par value
Trading Symbol
BE
Security Exchange Name
NYSE
Entity Emerging Growth Company
false
Amendment Flag
false
Entity Central Index Key
0001664703
RHY_U=3_ 102P,$% @ AH$$4Y>*NQS $P( L !?
#)[0B*()J"C8*[0
M/\/L4EV4"Y#/PY C1X#=7G1
4)6U>=0^ 9W^?W!&99S/2I W1F?;PY/QV2]CI\]$!F.WVY1[VX
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MNKR;?.=-O>T2'