Why Bloom Energy Stock Just Popped 17%
Shares of energy-in-a-box pioneer Bloom Energy (NYSE: BE) jumped furiously in Monday trading -- up 17.2% as of 12:45 p.m. EST, and on no apparent catalyst for the surge.
So what's the explanation for this sudden enthusiasm over Bloom Energy stock? If I had to make a guess, I'd say it's that this isn't "enthusiasm" at all but rather short-sellers having an attack of nerves.
Bloom Energy, after all, has been very good to short-sellers of late. Because it has shed 85% of its value over the past year, folks betting against the stock have made a lot of money. But here's the thing:
Source Fool.com
