Why Bloom Energy Stock Popped 27% This Week
Shares of Bloom Energy (NYSE: BE) stock have not performed well this year. From the first trading day of 2019 to the first trading day of this week, Bloom stock lost nearly 50% of its value (47.4% of its price). But this week, a miracle happened.
On Wednesday, reports TheFly.com, investment banker JPMorgan laid out its forecast for the alternative energy sector in 2020. Within minutes, Bloom Energy stock was flying -- up 8.7% from Tuesday's close on Wednesday, rising another 10.1% on Thursday, and finally closing today up a further 9.2% -- 27.2% in total stock price gains since Monday.
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Source Fool.com
