Why Bloom Energy Plunged Today Before Recovering

Bloom had a great quarter, but anything less than perfection caused a round of profit taking.Shares of on-premises electricity generator provider Bloom Energy (BE -1.46%) plunged initially today, down 13% at one point, before recovering to a 1.4% decline as of 3:26 p.m. ET.Bloom reported second-quarter earnings last night, beating revenue estimates but missing the mark on the adjusted (non-GAAP) earnings-per-share (EPS) line. Of course, Bloom is a growth stock, so the top line matters more. However, since t ...