Bloom Energy stock falls 7.3% after Senate passes bill ending clean energy tax credits

Bloom Energy (BE) stock fell 7.3% to $22.13 after the Senate passed the One Big Beautiful Bill Act, ending clean energy tax credits. The company’s net loss narrowed by 58.6% to $23.8 million in Q1. Revenues increased by 38.7% to $326 million, with full-year expectations between $1.65 billion and $1.85 billion.

Investors reacted negatively to the news, repositioning portfolios before the July 4 bill deadline. The Senate version of the bill would end 45V clean hydrogen tax credits on January 1, 2028, rather than the original 2032. This led to a decline in BE stock and dampened investor sentiment.

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Read more at Yahoo Finance: Bloom Energy (BE) Declines 7.3% on One Big Beautiful Bill Senate Passage