Why Bloom Energy (BE) Shares Are Plunging Today
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) fell 11.8% in the morning session after Jefferies downgraded the stock to ‘Underperform’ from ‘Hold,’ citing concerns about the company’s high valuation and uncertain long-term growth. The investment firm warned that investor enthusiasm had run ahead of the company’s fundamentals. Analysts at Jefferies noted…