Why Bloom Energy's Shares Plunged 29.7% in October
Shares of hydrogen fuel cell company Bloom Energy (NYSE: BE) fell 29.7% in October, according to data from S&P Global Market Intelligence, as earnings were released. And this is just the latest volatile month for this renewable energy stock.
A big reason for part of the drop was just that Bloom Energy's stock has skyrocketed since March. Shares are up 96% so far this year and nearly 400% from its March low, so it's still been an outstanding year for this renewable energy stock.
Image source: Bloom Energy.
Source Fool.com