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Why Bloom Energy Stock Dropped Today

Why Bloom Energy Stock Dropped Today

Shares of fuel-cell power generator Bloom Energy (NYSE: BE) were down 5% as of 1:30 p.m. EST Wednesday on no company-specific news. Bloom Energy shares have gained 32% just since the start of the new year. Much of the optimism comes from the political landscape, which was supported last week when the Department of Energy (DOE) announced new plans for federal funding in the sector.