Why Bloom Energy Corp. (BE) Performed Worst On Friday?

Yahoo

06-04-2025

We recently published a list of . In this article, we are going to take a look at where Bloom Energy Corp. (NYSE:BE) stands against other Friday's worst performing stocks.
The stock market suffered a bloodbath anew on Friday as investors digested news of a growing trade war, with China making good on its promise with a steep tariff on US goods.
As of 2:55 PM, the S&P 500 lost 5.47 percent of its value, the tech-heavy Nasdaq fell 5.37 percent, and the Dow Jones was down by 5.09 percent.
Following President Donald Trump's imposition of hefty tariffs on all imports to the US, China on Friday struck back with a 34-percent tariff on US goods. The tariffs will begin on April 10.
Ten individual stocks mirrored a broader market pessimism, recording steep intra-day losses. In this article, let us explore Friday's worst intra-day performers and the reasons behind their decline.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.
A bird's eye view of a power generation platform with a power plant in the background.
Bloom Energy dropped its share prices for a third day on Friday, losing 14.55 percent at intra-day trading at $16.53 apiece as investor sell-off was weighed down by the overall market pessimism.
Just recently, BE entered into a 15-year power purchase agreement with Conagra Brands Inc. (NYSE:CAG) for the deployment of BE's fuel cell technology at CAG's facilities in Ohio.
In a statement on Tuesday, CAG said that the PPA will see approximately 6 megawatts and provide combustion-free electricity generation, supplying approximately 70 percent to 75 percent of the electricity needs at the Troy and Archbold facilities, while also projecting a 19-percent decrease in their greenhouse gas emissions.
The initiative was in line with CAG's 2030 science-based greenhouse gas reduction target.
'We are delighted to partner with Conagra Brands, a leading branded food company,' said BE C&I Sector Leader Adam Colling. 'Our collaboration underscores Bloom's commitment to providing clean and reliable energy solutions and driving economic value in grid-constrained regions like Ohio and the greater Midwest.'
Overall, BE ranks 5th on our list of Friday's worst performing stocks. While we acknowledge the potential of BE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.