Why Bloom Energy Slumped 22.5% in February

Shares of Bloom Energy (BE 5.98%) tumbled 22.5% in February, according to data provided by S&P Global Market Intelligence. The energy technology company's fourth-quarter results disappointed investors, as did its 2024 revenue guidance. On top of that, its well-regarded CFO is leaving the company. A rough end to the yearBloom Energy's revenue plunged 22.8% during the fourth quarter to $356.9 million. Its adjusted earnings also slumped, falling from $59 million, or $0.27 per share, in the year-ago period to $ ...