Why Bloom Energy Stock Plunged Over 10% Today

Bloom Energy shares fell more than 10% in a volatile session, trimming a year-long rally as investors weighed AI-fueled growth prospects against project delays. The stock slid about 10% at 1:30 p.m. ET, following a 990% annual gain, with Bloom’s bull case centered on its solid-oxide fuel cells delivering stable power for AI data centers, including a revised Oracle deal for up to 2.8 GW of systems. A Bloomberg report that Crusoe paused a 1.8 GW Cheyenne project initially pressured shares, but Black Hills later clarified the project remains active and on track to start by early 2028, potentially keeping Bloom’s pipeline intact.