Bloom Energy's Pullback Is the Entry Point Long-Term Investors Wanted
Bloom Energy just delivered its biggest quarter ever.
Overview
Bloom Energy (NYSE: BE) has lost about 37% of its value since hitting an all-time high just a few weeks ago. It was trading at around $345 a share then -- and it's at about $218 now.
Normally, a steep decline of that caliber would tell you something went wrong with Bloom's business. In the case of the hydrogen stock, however, the opposite is the case.
Details
Indeed, the company's most recent earnings report was arguably its strongest yet. Bloom raked in over $1 billion in revenue, marking its first billion-dollar quarter in company history, and both margins and profitability improved significantly. To top it off, management raised 2026 revenue guidance (again) into the range of $3.9 billion to $4.2 billion.
Source
Originally published at www.fool.com.