Why Bloom Energy Stock Tumbled Today
Has the shine worn off this AI energy darling?
Why Bloom Energy Stock Tumbled Today
Overview
Bloom Energy (NYSE: BE) has been one of the leading artificial intelligence (AI) stocks this year. Shares of the solid-oxide fuel cell system maker have rocketed 275% year to date. But the stock is retreating today after hitting an all-time high yesterday.
Bloom shares plunged as much as 13% in early trading, and were still down 5.2% as of 1:20 p.m. ET. That may be due to investors realizing Bloom Energy's solution to powering data centers isn't the only one coming.
Image source: The Motley Fool.
Details
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.
