Bloom Energy Stock Drops After Chevron-Microsoft Deal Highlights Competition in Data Center Energy Market
Shares of Bloom Energy (NYSE: BE) fell by as much as 13% after hitting an all-time high the previous day, amid growing competition from alternative energy solutions for data centers. A new deal between Chevron and Microsoft to use natural gas turbines at a West Texas project highlights that Bloom is not the only provider in this space.
Topics: AI stocks Bloom Energy data centers energy solutions