Why Bloom Energy Stock Bounced Back 7% This Morning

Why Bloom Energy Stock Bounced Back 7% This Morning

Color me unsurprised, therefore, to see that Bloom Energy shares soared 7% in early trading today, and as of 11:30 a.m. EDT are still up by 3%. On Monday, as you will recall, Bloom Energy got caught up in a broad sell-off of energy stocks caused by the declining price of oil and rising pandemic concerns. Today, oil prices are bouncing back, which has helped revive Bloom Energy's stock price.