Why Is Bloom Energy Stock Crashing This Week?
Shares of Bloom Energy (NYSE: BE) plunged 19.5% this week through 11:40 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. There's no company-specific news, but updates from a customer are rattling investors in the hydrogen stock and compelling some to take some profits off the table.
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Bloom Energy's hydrogen fuel cell energy servers provide clean, reliable, and uninterrupted power onsite, making them a strong choice for artificial intelligence (AI) infrastructure and hyperscale data centers that require round-the-clock power for their gigantic servers and cooling systems. Bloom Energy counts some of the world's biggest names among its customers, including tech giants and cloud companies.
Source Fool.com
