Why Bloom Energy Stock Just Dropped
Shares of fuel cell pioneer Bloom Energy (NYSE: BE) are sliding Thursday, down 3.6% as of 12:45 p.m. EST after the "energy in a box" company reported a much bigger loss than anticipated, despite beating expectations for sales.
Heading into earnings last night, analysts had predicted Bloom would break even on sales of $235.3 million in its fiscal fourth quarter of 2020. Instead, Bloom had to fess up that it lost $0.08 per share, despite booking sales of $249.4 million.
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Source Fool.com
