Friday’s 10 Worst Performing Stocks

5. Bloom Energy Corp. (NYSE:BE)

Bloom Energy dropped its share prices for a third day on Friday, losing 14.55 percent at intra-day trading at $16.53 apiece as investor sell-off was weighed down by the overall market pessimism.

Just recently, BE entered into a 15-year power purchase agreement with Conagra Brands Inc. (NYSE:CAG) for the deployment of BE’s fuel cell technology at CAG’s facilities in Ohio.

In a statement on Tuesday, CAG said that the PPA will see approximately 6 megawatts and provide combustion-free electricity generation, supplying approximately 70 percent to 75 percent of the electricity needs at the Troy and Archbold facilities, while also projecting a 19-percent decrease in their greenhouse gas emissions.

The initiative was in line with CAG’s 2030 science-based greenhouse gas reduction target.

“We are delighted to partner with Conagra Brands, a leading branded food company,” said BE C&I Sector Leader Adam Colling. “Our collaboration underscores Bloom’s commitment to providing clean and reliable energy solutions and driving economic value in grid-constrained regions like Ohio and the greater Midwest.”