🔴 Bloom Energy is trading 4.11% down in pre-market after hotter-than-expected CPI lifted Treasury yields

Bloom Energy is trading 4.11% down at $229.50 in pre-market on October 15 as hotter-than-expected September CPI lifted Treasury yields and weighed on rate-sensitive growth stocks.

• Shares fell 9.15% to $239.34 at the October 14 close; a report linked the decline to the inflation shock and broader market weakness.
• No clear company-specific announcement explaining the additional pre-market drop was identified. American Electric Power’s reported fuel-cell project was supportive news.
• Investors are also looking ahead to Bloom Energy’s October 22 earnings report.