Why Bloom Energy Stock Just Dropped 30%
Shares of energy-in-a-box company Bloom Energy (NYSE: BE) are tumbling today, down 30.3% as of 10:10 a.m. EDT -- and for once, this is a story that doesn't have (much) to do with the coronavirus scare. Instead, this is straight-up an earnings story.
Last night, Bloom reported its Q4 numbers, and instead of the more than $270 million that Wall Street analysts had predicted it would collect, Bloom's sales for the quarter were less than $214 million. Investors were disappointed, and Bloom stock is down as a result.
Image source: Bloom Energy.
Source Fool.com
