On June 11, Bloom Energy rose 4.17% in regular trading, trading at $244.575/share, with trading volume of $457 million, rebounding after a roughly 10% decline triggered by an AI data center project suspension.
On the news front, Crusoe had paused development of its large-scale data center project in Cheyenne, Wyoming at its client's request. The project originally planned to deploy approximately 900 megawatts of Bloom Energy fuel cell systems, representing potential revenue of approximately $2.65 billion. Notably, utility company Black Hills stated the Cheyenne project itself has not been halted and is now working directly with the large power customer, partially alleviating concerns over a complete project cancellation.
The stock had previously surged above $320 following a long-term fuel cell supply agreement with Nebius worth up to $2.6 billion, before retreating on director share sales and profit-taking. Within the Heavy Electrical Equipment sector, GE Vernova rose 4.57%, Forgent Power Solutions gained 4.12%, and NuScale Power added 1.94%, indicating broad sector strength supporting the rebound.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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