Why Bloom Energy Stock Is Down Today After Gaining 32% Tuesday
Shares of fuel cell maker Bloom Energy (NYSE: BE) were down 9.2% as of 12:19 p.m. EDT on Wednesday, and were down as much as 12% in morning trading. Today's sell-off is not that unusual for a speculative stock like Bloom. The company made a big announcement over the weekend that drove yesterday's big gains, disclosing that it was partnering with Samsung Heavy Industries, one of the world's biggest shipbuilders, to develop ships powered by fuel cells.
