Bloom Energy Shares Extend Decline Overnight as CEO Sees Power Demand Surging
Bloom Energy shares fell nearly 9% at Thursday’s close and more than 1.5% overnight after its third-quarter results. CEO K.R. Sridhar said power demand would “skyrocket” beyond AI.
Bloom Energy Corp. (BE) shares plunged nearly 9% at the close on Thursday and fell over 1.5% overnight after its third-quarter results, as cash flow concerns dragged the stock lower.Although widely seen as part of the AI power trade, CEO K.R. Sridhar said in the investor call that the company’s ave…