$5,000 in Bloom Energy at Its COVID-Era Low Would Be Worth This Much Now
If you bought Bloom shares at one of its lowest prices ever, you would be sitting on a 6,633% gain today.
Overview
Bloom Energy (NYSE: BE) just reported its strongest quarter ever, with revenue crossing the $1 billion marker for the first time in company history. This was the fourth straight quarter Bloom reported year-over-year revenue growth, and, by the looks of it, next quarter could mark a fifth.
Bloom stock has, unsurprisingly, surged this year. If you had invested $5,000 in Bloom this time last year, you'd have about $22,500 now. That's an exceptional return for an energy stock. But it's not the best return you could have ever gotten from Bloom.
Details
On March 18, Bloom stock, hit with the double whammy of a COVID-19 market sell-off plus an accounting fiasco that had forced the company to restate years of revenue, bottomed out at about $3 a piece. It was one of the lowest share prices in the company's history, and the stock has not returned to that price since.
Source
Originally published at www.fool.com.