Why Bloom Energy Stock Dropped 5% Today

Shares of fuel cell stock Bloom Energy (NYSE: BE) dropped nearly 8% in early trading today. The shares remained down about 5.2% as of 10:35 a.m. EDT.

TheFly.com just reported a big block trade in Bloom Energy. Last night it was revealed that someone is selling 9.2 million shares, asking for anywhere between $16.20 and $16.50 a share. With Bloom shares closing the day at about $17 Thursday, that price range was already disconcerting, and it got more so when the final price was announced this morning: $16.20, the bottom of the range.

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Source Fool.com