Why Bloom Energy Stock Dropped 12% Today
Bloom Energy(BE) The Motley Fool·2024-09-06 15:07Who knows Bloom Energy best -- the fuel cell company itself, or the analyst who covers it? Easy come, easy go. One month ago, Bloom Energy (BE -10.06%) stock soared 11% in a day after reporting strong sales (but a big GAAP loss) in its Q2 2024 earnings report. Today, the fuel cell stock is moving in the opposite direction, down 11.7% through 10:05 a.m. ET. You can blame investment bank Jefferies for that. Downgrading Bloom Energy stock In a note covered on StreetInsider.com, Jefferies analyst Lloyd Byrne to ...