We are short Bloom Energy common stock and related derivatives.

Bloom had one job on its July 28 earnings call in our view: answer the scandium questions with actual numbers. Instead, management chose a more familiar routine: espousing theoretical absolutes, lawyered qualifiers, patronizing deflections, and a numbers-free detour through geology, collectively epitomizing everything that is wrong with Bloom’s approach to shareholder communications.

Click the button below to read our post-earnings update. SEE IMPORTANT DISCLAIMERS AT THE END OF THE REPORT.