Why Bloom Energy Stock Is Sinking 5% on Monday
Shares of energy-in-a-box fuel cell company Bloom Energy (NYSE: BE) are down 5.4% around 3 p.m. EDT Monday, the first trading day after a Barron's column criticized valuations in the renewable-energy sector over the weekend.
The column noted that fuel cell stocks Plug Power and Ballard Power have both quadrupled over the past year, and may be due for a pull-back. Bloom Energy is up "only" 64% in the same period -- but that's still 10 times the gain on the broader S&P 500, and may be indicative of similar irrational exuberance, but to a different degree.
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Source Fool.com
