Bloom Energy (BE) Gets Beaten, Falls 12% Amid AI Selloff

We recently published 10 Big Names Investors Are Dumping. Bloom Energy Corp. (NYSE:BE) is one of the worst performers on Wednesday.

Bloom Energy extended its losing streak to a fourth straight day on Wednesday, shedding 12.14 percent to finish at $76.97 apiece as investors trimmed their positions in AI-linked stocks amid growing concerns about the industry.

Bloom Energy Corp. (NYSE:BE) took a hit from heavy AI selling, having been riding the wave since early this year, triggered by Blue Owl Capital’s pullout from its planned $10 billion financial support to Oracle Corp.’s data center in Michigan.

Investors became increasingly concerned about financial institutions’ growing concerns about technology giants’ ballooning spending on AI.

Bloom Energy Corp. (NYSE:BE) defied the rally in the energy sector.

Earlier this month, Bloom Energy Corp. (NYSE:BE) posted a bullish outlook about its business amid “powerful tailwinds” including the surging demand for electricity driven by AI and nation-state priorities, among others.

In the third quarter of the year, the company widened its net loss attributable to shareholders by 56 percent to $23 million from $14.7 million year-on-year.

Revenues, on the other hand, grew by 57 percent to $519 million from $330 million in the same period last year, on the back of a 55.7 percent jump in product and service revenues during the same period.

While we acknowledge the potential of BE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.