After a run for the ages, Bloom Energy (NYSE: BE) stock has taken a plunge.
Year to date, Bloom stock has more than doubled
But a few days after announcing its landmark $25 billion agreement with Brookfield Asset Management (NYSE: BAM), the stock hit turbulence. General market volatility and a short-seller report have weighed on the stock. The stock trades almost 30% lower from its 52-week high.
For investors watching Bloom, that begs the question — is now the buying opportunity you’ve been waiting for, or should you wait this one out? Demand for Bloom servers is booming — can it keep up? In a nutshell, Bloom makes modular boxes that lets customers, like data centers, generate electricity on their own site instead of waiting years to connect to the grid.