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0.00208441896821257 0.00208441896821257 -0.00104220948410628 0.000521104742053049 -0.0052110474205316 0.00625325690463788 0.00573215216258465 0.00573215216258465
Stock impact report

Bloom Energy has provided incorrect financial results since IPO [MarketWatch]

Bloom Energy Corporation Class A (BE) 
Last bloom energy corporation class a earnings: 11/7 04:26 pm Check Earnings Report
Company Research Source: MarketWatch
Bloom Energy has provided incorrect financial results since IPO, stock sinks more than 20% Bloom Energy Corp. announced Wednesday afternoon that all financial results the company has provided during and since its initial public offering will have to be restated due to an accounting error, sending its stock on a downward spiral. Bloom BE, -8.37% shares had bounced back with a gain of more than 88% in the past three months through Wednesday’s close, as the S&P 500 index SPX, +0.11% increased 8.6% over that time. The stock had plummeted from a $15 IPO price to less than $3 a share last fall amid a short-seller’s report that called the company’s accounting into doubt and new clean-energy standards that shut the company out . After closing at $10.46 Wednesday, shares declined more than 20% in after-hours trading and were down about 9% early Thursday. Bloom immediately recognized all the revenue from a certain kind of sale of its stationary power-generation servers and fuel cells inst Show less Read more
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