Why Bloom Energy Stock Plunged Over 10% Today
The hydrogen stock crashed amid fears of losing a contract, but there's a major plot twist.
Why Bloom Energy Stock Plunged Over 10% Today
Overview
Shares of Bloom Energy (NYSE: BE) plunged on Wednesday and were trading 10% lower as of 1:30 p.m. ET.
With the hydrogen stock surging a jaw-dropping 990% in one year after accounting for today's sell-off, it had become extremely stretched on valuations and looked ripe for a correction.
Details
Today, though, a wild drama unfolded, sending Bloom Energy stock tanking.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
