Why Did Bloom Energy Stock Rocket Higher Today?
It took a day for investors to absorb just how big Bloom's earnings report was.
Overview
Bloom Energy (NYSE: BE) announced earnings Tuesday, but apparently it took a day for the news to sink in with investors. The market was focused on the Federal Reserve decision and concerns about the tech sector yesterday, leading to declines in many artificial intelligence (AI) names.
Bloom was one of them, despite a stellar earnings report. That reversed in a big way today, though. Bloom stock rocketed over 30% in early trading, and remained up by 26.6% as of 11:57 a.m. ET.
Details
Source
Originally published at www.fool.com.
Related Articles
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.