The Dip Is Here for Bloom Energy. Here's Whether to Buy It or Walk Away.
Bloom Energy is trading about 30% lower than its 52-week high. Is this your buying window?
Overview
After a run for the ages, Bloom Energy (NYSE: BE) stock has taken a plunge. Year to date, Bloom stock has more than doubled. But a few days after announcing its landmark $25 billion agreement with Brookfield Asset Management (NYSE: BAM), the stock hit turbulence. General market volatility and a short-seller report have weighed on the stock.
The stock trades almost 30% lower from its 52-week high. For investors watching Bloom, that begs the question -- is now the buying opportunity you've been waiting for, or should you wait this one out?
Details
In a nutshell, Bloom makes modular boxes that lets customers, like data centers, generate electricity on their own site instead of waiting years to connect to the grid.
Source
Originally published at www.fool.com.