Bloom Energy Shares Drop 16% Despite Major Data Center Announcements from NTT DATA and Google
Bloom Energy (BE) experienced a significant 16% stock decline on November 5, despite being named in two major data center power announcements. The company secured a new international agreement with NTT DATA to deploy 900 megawatts of fuel cells globally, with shipments expected to begin in 2027. Additionally, Alphabet's Google was identified as the end-user for a massive 702-megawatt project in Wyoming powered by Bloom's technology. Despite the positive news, investor sentiment was weighed down by concerns regarding potential regulatory opposition to AI data center expansion following recent midterms. Analysts noted that while the Google deal is substantial—representing over half of Bloom's projected 2026 revenue—the order was actually placed in January via an American Electric Power (AEP) subsidiary, meaning it did not represent new immediate orders.
Topics: Artificial Intelligence Infrastructure Data Centers Fuel Cells Renewable Energy
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Part of the story Bloom Energy Shares Surge Following 1.6 GW Data Center Fuel Cell Contracts (2 articles)