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Bloom Energy (BE) Stock Drops 5% on Bank of America Downgrade
BEBloom Energy(BE) InvestorPlace·2024-01-29 20:57

This year isn’t off to a great start for Bloom Energy (NYSE:BE), which is falling today on news that Bank of America Securities has downgraded shares. Specifically, BofA analyst Julien Dumoulin-Smith has lowered BE stock to an “underperform” rating. Of course, not all of Wall Street is so bearish on Bloom, but Dumoulin-Smith’s take has been enough to send shares down today.Does this mean that it’s time to sell BE stock before shares fall even further? Not necessarily. The company may be struggling now, but ...