Latest news with #BloomEnergyCorporation
Business Upturn
15 hours ago
- Business
- Business Upturn
MTAR Technologies receives Rs 19.2 crore worth of orders in clean energy and aerospace sectors
By Aditya Bhagchandani Published on June 9, 2025, 09:01 IST MTAR Technologies Limited announced on June 9, 2025, that it has secured orders totaling Rs 19.2 crore across the clean energy and aerospace sectors. Of this, clean energy accounts for Rs 17.8 crore, while aerospace contributes Rs 1.4 crore. Notably, Rs 4.7 crore worth of orders are earmarked for the development of new products in the clean energy domain. The company expects these newly developed products, once the first articles are successfully executed, to generate an annual recurring revenue of approximately Rs 10 crore. Among the clients awarding these contracts are Bloom Energy Corporation (international), ISRO, and Sanmina–SCI India Private Ltd (domestic). The contracts are part of MTAR's ongoing business engagements and are slated for execution by July 2025 to January 2026. MTAR emphasized that these order wins reflect its continued push for innovation and product development, reinforcing its long-term growth strategy. With nine manufacturing units in Hyderabad, including export-oriented facilities, MTAR serves sectors such as civil nuclear power, fuel cells, hydroelectric energy, space, and defense. The company assured that none of the new contracts involve related party transactions and all are awarded on an arm's length basis. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
5 days ago
- Business
- Yahoo
Why Bloom Energy Corporation (BE) Skyrocketed On Tuesday
We recently published a list of . In this article, we are going to take a look at where Bloom Energy Corporation (NYSE:BE) stands against other Tuesday's best performers. Bloom Energy snapped a four-day losing streak on Tuesday, jumping 11.65 percent to close at $20.41 apiece as investors resorted to profit-taking while digesting a former executive's disposition of shares in the company. In a regulatory filing, Bloom Energy Corporation (NYSE:BE) said that its former chief finance officer, Dan Berenbaum, who stepped down from his post on May 1 without any reason, sold 5,000 shares of the company at an aggregate value of $99,500 on Tuesday, June 3. This followed a series of sell-offs between May 21 and 23, 2025, covering 26,300 shares for a total of $494,272. A bird's eye view of a power generation platform with a power plant in the background. In a statement, Bloom Energy Corporation (NYSE:BE) described Berenbaum's departure as amicable and not related to financial disagreements. Berenbaum joined the company only last year. In the first quarter of the year, Bloom Energy Corporation (NYSE:BE) narrowed its net losses attributable to shareholders by 58.6 percent to $23.8 million from the $57.5 million registered in the same period last year, but marked its return to the red from a $104.8 million net income in the fourth quarter of 2024. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Why Bloom Energy Corporation (BE) Skyrocketed On Tuesday
We recently published a list of . In this article, we are going to take a look at where Bloom Energy Corporation (NYSE:BE) stands against other Tuesday's best performers. Bloom Energy snapped a four-day losing streak on Tuesday, jumping 11.65 percent to close at $20.41 apiece as investors resorted to profit-taking while digesting a former executive's disposition of shares in the company. In a regulatory filing, Bloom Energy Corporation (NYSE:BE) said that its former chief finance officer, Dan Berenbaum, who stepped down from his post on May 1 without any reason, sold 5,000 shares of the company at an aggregate value of $99,500 on Tuesday, June 3. This followed a series of sell-offs between May 21 and 23, 2025, covering 26,300 shares for a total of $494,272. A bird's eye view of a power generation platform with a power plant in the background. In a statement, Bloom Energy Corporation (NYSE:BE) described Berenbaum's departure as amicable and not related to financial disagreements. Berenbaum joined the company only last year. In the first quarter of the year, Bloom Energy Corporation (NYSE:BE) narrowed its net losses attributable to shareholders by 58.6 percent to $23.8 million from the $57.5 million registered in the same period last year, but marked its return to the red from a $104.8 million net income in the fourth quarter of 2024. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
14-05-2025
- Business
- Business Upturn
MTAR Technologies wins Rs 34 crore orders in clean energy and aerospace sectors
By Aman Shukla Published on May 14, 2025, 09:09 IST MTAR Technologies Limited has received orders worth approximately ₹34 crore for the manufacture and supply of precision-engineered components in the Clean Energy and Aerospace sectors. These orders are scheduled for execution by the end of FY 2025-26. The contracts have been awarded by two international clients: Bloom Energy Corporation , for Clean Energy-related components valued at approximately USD 2.45 million (₹21.02 crore), to be delivered by September 2025 . Rafael Advanced Defense Systems Limited, for Aerospace components worth approximately USD 1.51 million (₹12.98 crore), to be fulfilled by March 2026. Both contracts are from existing customers and are a continuation of ongoing business relationships. MTAR Technologies operates nine manufacturing units, including an export-oriented unit, in Hyderabad, Telangana. The company provides engineering and manufacturing solutions across sectors such as Clean Energy (including Civil Nuclear Power and Fuel Cells), Space, and Defense. According to the company, it is in discussions with various customers for long-term supply agreements and has recently completed initial deliveries of new products in the targeted sectors. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
05-05-2025
- Business
- Yahoo
Bloom Energy (BE) 'Asymmetric Upside' as Mizuho Upgrades to Outperform
We recently published a list of . In this article, we are going to take a look at where Bloom Energy Corporation (NYSE:BE) stands against other AI stocks in the news today. The Trump administration may soon abandon the tiered approach to accessing advanced AI chips and replace it with a global licensing regime with government-to-government agreements. Developing such a structure would likely conform to President Donald Trump's broader trade strategy of making deals with individual countries. The US would then have an easier time leveraging the American-designed chips in negotiations. 'There are some voices pushing for elimination of the tiers. I think it's still a work in progress.' — -Wilbur Ross, who served as Commerce secretary during the first Trump administration. Changes to the Biden-era rule will potentially limit global access to AI chips and the tiers that previously helped determine how many advanced semiconductors a country could obtain. READ ALSO: and Provided that the plans to change these rules follow through, these US chips would have the power to steer trade talks. The rule, known as the Framework for Artificial Intelligence Diffusion, was issued by the U.S. Department of Commerce in January. Companies must conform to its restrictions starting on May 15. Other possible changes being considered in the Trump administration include a lower threshold for an exception to licensing. Currently, orders under the equivalent of about 1,700 of Nvidia's H100 chips do not count toward country caps. Rather, the government needs to be notified of the order with no licence necessary. The administration is considering making the cutoff orders under the equivalent of 500 H100 chips. All of these possible changes by the Trump administration aim to make the rules stronger yet simpler. However, a few experts are of the belief that removing the tiers would make the rule even more complicated. Many companies and the industry as a whole don't approve of the rule in the first place, stating that limiting access to chips would provoke countries to buy from China instead. Seven Republican senators even sent a letter to Lutnick, the United States Secretary of Commerce, in mid-April to have the rule withdrawn. The letter stated that the restrictions would incentivize buyers, especially in Tier 2 countries, to turn to China's 'unregulated cheap substitutes.' For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A bird's eye view of a power generation platform with a power plant in the Energy Corporation (NYSE:BE) develops solid-oxide fuel cell systems for on-site power generation, helping meet the growing energy demands of AI data centers. On May 5th, Mizuho upgraded the stock to 'Outperform' from Neutral and set a price target of $26, down slightly from $28. The firm sees an attractive risk/reward for the energy company. It also cited growing demand for alternatives to conventional power sources. 'We upgrade to Outperform as we see asymmetric risk/reward upside from marginal orders from utilities or other large load customers.' It also said that it 'sees potential for Bloom's multiple to expand toward GEV's on future large customer/data center deal announcements.' Overall, BE ranks 10th on our list of AI stocks in the news today. While we acknowledge the potential of BE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BE but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
