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FuelCell Energy Rockets 24%, Bloom Energy Tumbles 14% in a Stunning Fuel Cell Divergence
FuelCell Energy shares jumped 24% to $24.45 following a new data center customer deal and a Jefferies upgrade to Buy. Conversely, Bloom Energy fell 14% to $268.65, creating a rare divergence between the two peers. Market volatility persists as bullish AI power demand competes with profit-taking selling.
What changed
FuelCell Energy secured its first data center customer and received a price target increase from UBS.
Live updates
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FuelCell Energy Surges 24% While Bloom Energy Drops 14%
confidence 90%FuelCell Energy shares jumped 24% to $24.45 following a new data center customer deal and a Jefferies upgrade to Buy. Conversely, Bloom Energy fell 14% to $268.65, creating a rare divergence between the two peers. Market volatility persists as bullish AI power demand competes with profit-taking selling.
What's confirmed:
- FuelCell Energy stock rose 24% to $24.45 while Bloom Energy fell 13% to 14% to $268.65.
- FuelCell Energy signed a 380 MW data center power deal with Fit Energy.
- Jefferies upgraded FuelCell Energy to Buy based on data center power upside.
- UBS raised its price target for FuelCell Energy to $22.00.
- FuelCell Energy added a shift at its Torrington plant.
Still unconfirmed:
- Bloom Energy has a $20 billion backlog.