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Bloom Energy has provided incorrect financial results since IPO, stock sinks more than 20%

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Bloom Energy Corp. announced Wednesday afternoon that all financial results the company has provided during and since its initial public offering will have to be restated due to an accounting error, sending its stock on a downward spiral.

Bloom












BE, -7.74%










 shares had bounced back with a gain of more than 88% in the past three months through Wednesday’s close, as the S&P 500 index












SPX, -0.16%








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