Why Bloom Energy Stock Collapsed Today
Bloom Energy (NYSE: BE) cannot catch a break.
Yesterday, the fuel cell stock had its price surge pulled back when a late-morning report from The Wall Street Journal expressed doubts about the company's ability to navigate "a rapidly changing [new energy] industry." The stock still ended up more than 10% -- it had been up 12%, and appeared to be heading higher.
Today, Bloom Energy is sharply lower -- down 14.7% as of 11:45 a.m. EST, as Wall Street investment banks begin to pile on in the wake of the Journal's report.
Source Fool.com