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

Rich Smith, The Motley Fool
·2 min read
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.