Why ConocoPhillips, Bloom Energy, and Plug Power Stocks Just Crashed

Why ConocoPhillips, Bloom Energy, and Plug Power Stocks Just Crashed

It's a bad day for energy investors, a bad day for oil stocks, and even a bad day for stocks offering alternatives to oil, as shares of everyone from ConocoPhillips (NYSE: COP) to Bloom Energy (NYSE: BE) to Plug Power (NASDAQ: PLUG) have plummeted. As of 12:55 p.m. EDT, Conoco stock is taking a 6.5% hit, while Plug and Bloom are down 6.4% and 5.8%, respectively. Well, ConocoPhillips has two strikes against it.