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Bloom Energy Corp. (NYSE:BE) shares plummeted on Monday. This decline follows a sharp escalation in geopolitical rhetoric.
President Donald Trump warned Monday he would completely obliterate Iran’s oil and power infrastructure if the Strait of Hormuz remains closed.
This threat pushed WTI crude futures above $101 a barrel. While high oil prices sometimes boost alternative energy, the broader market uncertainty is weighing on growth-heavy tickers.
Short Interest Up
Bearish bets against the fuel cell manufacturer are rising. Short interest in Bloom Energy increased from 22.04 …
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