Why Bloom Energy Stock Keeps Going Down
Bloom Energy(BE) The Motley Fool·2024-02-20 21:26By now you've probably heard the bad news about Bloom Energy (BE -9.72%). On Thursday, the hydrogen fuel cell pioneer announced a big revenue miss and a 23% decline in revenue year over year for its fiscal fourth quarter of 2023. The CFO announced he's leaving the company, and investors seemed inclined to do likewise, selling off Bloom stock by 17.5%.On Tuesday, the selling continued, with Bloom stock losing a further 9.1% through 3:05 p.m. ET -- and Bank of America may be the reason.A late downgrade from B ...