Here's Why Bloom Energy Fell 42.3% in March
Shares of Bloom Energy (NYSE: BE) fell over 42% last month, according to data provided by S&P Global Market Intelligence. While the coronavirus pandemic played a significant role, it wasn't the only factor being considered by investors.
The fuel cell developer released fourth quarter and full-year 2019 operating results on March 16. Although the topline numbers -- growth in revenue, product installations, and backlog -- were encouraging, investors are taking the company's significant operating losses and indebtedness much more seriously given the current economic environment.
In other words, the economic consequences of the coronavirus pandemic and the relatively poor health of operations combined to push the small-cap stock much lower in March.
Source Fool.com
