BMO Capital points to a news article today along with a disclosure from Quanta Computer that appears to indicate Bloom Energy has secured a second order from the Taiwanese electronics manufacturer as part of the two companies’ previously announced partnership agreement to supply energy servers, installation, and support for a microgrid at Quanta’s manufacturing operations in Fremont, California. Quanta Computer’s release states a total transaction value of $79.8M, which includes three sets of systems, installation, and technical support and the firm believes this order is incremental to the $53.1M order from April. While positive to see a repeat order under the agreement, the firm remains cautious on 2025 revenue growth and keeps a Market Perform rating and $12.25 price target on Bloom Energy shares.
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