Why Bloom Energy Stock Fell Over 4% Today
Shares of fuel cell technologist Bloom Energy (NYSE: BE) were in retreat along with the market overall today. The stock was down 4.5% as of 12:30 p.m. ET, compared to a 1.5% drop for the S&P 500 and a 2.6% fall for the Nasdaq Composite.
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The specific catalyst for the sell-off came from social media company Snap (NYSE: SNAP), which said last night it would grow less than its previous forecast for year-over-year revenue expansion of 20% to 25%.
Source Fool.com
