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BTCC / BTCC Square / Global Cryptocurrency /
Bloom Energy Stock Drops 6% on Data Center Project Pause

Bloom Energy Stock Drops 6% on Data Center Project Pause

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-06-11 11:58:02
0
BTCCSquare news:

Bloom Energy shares tumbled 6% Tuesday morning after Crusoe Energy halted construction of a 1.8 GW data center project linked to Bloom's fuel cell pipeline. The sudden pause threatens a significant portion of Bloom's near-term revenue backlog, sending the stock to a session low of $241.13—marking a 16% weekly decline.

Despite the selloff, Wall Street maintained confidence. RBC Capital and BMO Capital both reiterated Outperform ratings, with RBC holding its $335 price target. The pause comes despite Bloom's strong Q1 performance, where revenue surged 130.4% year-over-year to $751 million, handily beating estimates.

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