Why Bloom Energy Stock Just Dropped 10%
Shares of hydrogen fuel cell company Bloom Energy (NYSE: BE), which closed at $20.73 on Wednesday, opened dramatically lower in Thursday trading, and as of 11:30 a.m. EDT are sitting down 9.9%.
Bloom's new share price of just $18 and change can be traced directly to the actions of one single shareholder, the Canada Pension Plan (CPP) Investment Board, which announced late Wednesday that it is exiting its entire position in the company.
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Source Fool.com
