Why Bloom Energy Stock Dropped, Then Popped, on Thursday
Bloom Energy (NYSE: BE) investors finally caught a break this afternoon. Two days ago, The Wall Street Journal published a critique on Bloom, explaining how the company attempted to disrupt the power grid by offering energy users the option of producing their own power on-site, but ended up getting disrupted itself when cheaper, more efficient forms of distributed energy production emerged.
Bloom stock sank 18% in response to that article, and at first appeared poised to go lower again today, sinking 5% in early trading. But then it recovered, finishing the day up 3%, and investment bank Johnson Rice had something to do with that.
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Source Fool.com
