$5,000 in Bloom Energy at Its COVID-Era Low Would Be Worth This Much Now
If you bought Bloom shares at one of its lowest prices ever, you would be sitting on a 6,633% gain today.
Motley Fool reports that Bloom Energy (NYSE: BE) has reported its strongest quarter ever, with revenue surpassing the $1 billion mark for the first time in company history. This success has been reflected in the company's stock, which has surged this year, with a $5,000 investment from this time last year now valued at approximately $22,500.
However, the lowest point for Bloom stock during this period was reached on March 18, when the COVID-19 market sell-off and an accounting fiasco forced the company to restate years of revenue, driving the stock price down to around $3. This represents a significant opportunity for investors, as the stock has not yet returned to this historically low price.
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