Bloom Energy (NYSE:BE), a solid-oxide fuel cell systems provider, closed at $193. 30, down 11. 24%. Investors are locking in profits as the company reports negative operating cash flow and faces heavier expansion spending after an earnings beat-and-raise. Trading volume reached 34. 7 million shares, coming in about 117% above its three-month average of 15. 9 million shares. Bloom Energy IPO'd in 2018 and has grown 672% since going public. The S&P 500 (SNPINDEX:^GSPC) closed at 7,623, down 0. 53%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 25,955, down 0. 21%.
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