"Bloom Energy's Stock Plunge: Q4 Results, CFO Departure, and Gloomy Outlook"
TL;DR Summary
Bloom Energy's stock plunged by 19.2% after reporting a nearly 23% drop in revenue for the fourth quarter and the unexpected departure of its president and CFO, Greg Cameron. The company attributed the revenue decline to challenges in its Korean business and stated that it had to "hit a pause" in sales to Korea to adapt to new government policies. Despite swinging to a profit in the fourth quarter, investors are concerned about the sales hit and are giving up on the renewable energy company for now.
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