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Bloom Energy Stock Sank This Week Heading Into Its Latest Earnings Report; Then Bounced

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Bloom Energy Stock Sank This Week Heading Into Its Latest Earnings Report; Then Bounced: https://g.foolcdn.com/editorial/images/786507/data-center-power-needs.jpg

Shares of hydrogen fuel cell maker Bloom Energy (NYSE: BE) were down 10% for the week at market close today, just before the company released its second-quarter results. The only news from the company itself this week before the quarterly report was an announcement of a new, more efficient fuel cell it is offering to help power the growing data center server market.

Power needs are expanding as data centers are built to hold servers used for artificial intelligence (AI) computing needs. But that market isn't yet contributing to Bloom Energy's bottom line.

Source Fool.com

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