Here's Why Bloom Energy (BE) Fell More Than Broader Market

Bloom Energy (BE) declined 3.08% in recent trading but has gained 6.7% over the past month, outperforming the S&P 500. The fuel cell systems developer is forecasted to report significant earnings growth with EPS of $0.72 (up 380% YoY) and revenue of $1.07 billion (up 106% YoY). However, the stock carries a premium valuation with a Forward P/E of 109.41 versus its industry average of 17.95, and holds a Zacks Rank #3 (Hold) rating.