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Bloom Energy Stock Fell 16% on the Same Day 2 Giant Data Center Deals Named It. Is It a Buy?

The Motley Fool·
Bloom Energy Stock Fell 16% on the Same Day 2 Giant Data Center Deals Named It. Is It a Buy?

Bloom Energy stock dropped 16% on November 5 despite announcements of two major data center deals: a 900-megawatt deployment with NTT DATA (new business) and a 702-megawatt Wyoming plant for Google (previously ordered in January). The sell-off was driven by concerns about data center opposition post-midterms. At 52x forward earnings, the stock appears more reasonably priced than in October, though still premium-valued.

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