Is Bloom Energy Setting the Stage for a Big 2020?
It's been a brief, albeit rough, life on the public markets for Bloom Energy (NYSE: BE). Shares of the fuel cell developer, formerly a start-up darling in Silicon Valley, have fallen 58% since the initial public offering (IPO) in 2018. They've fallen even further from all-time highs set shortly after their market debut.
Why have the public markets been so unforgiving? There are a handful of reasons, but they all point back to challenging economics. Bloom Energy has struggled to rein in operating expenses and needs to significantly scale product sales just to reach break-even operations. It generated an operating loss of $147 million in the first nine months of 2019.
That said, investors are hoping that solid progress achieved in the third quarter of 2019 was the beginning of a trend. Can Bloom Energy maintain the momentum in 2020?
Source Fool.com
