FuelCell Energy and Bloom Energy Decline in Profit-Taking; Plug Power Rises on Electrolyzer Milestone
Summary
FuelCell Energy shares dropped 10% and Bloom Energy fell 7% in a profit-taking reversal after recent gains tied to data-center power demand and strategic agreements. FuelCell Energy's Q2 FY2026 results showed $35.59M revenue, an adjusted loss of $0.53 per share, and a $42.57M non-cash impairment on the Groton Project, alongside a pipeline expansion to 4 GW (90% for data centers). Meanwhile, Plug Power edged up 1% after announcing the commissioning of a 5 MW GenEco PEM electrolyzer system in Denmark.
Source
bskyFuelCell Energy and Bloom Energy Decline in Profit-Taking; Plug Power Rises on Electrolyzer Milestonebriefly.coKey quotes
· 4 pulledFuelCell Energy (NASDAQ:FCEL) dropped 10% Thursday afternoon, reversing part of a prior 14% one-day rise tied to a strategic agreement with Fit Energy.
Bloom Energy (NYSE:BE) fell 7% to about $303 after closing Wednesday at $326.19, also giving back gains tied to data-center power demand.
FuelCell Energy's Q2 FY2026 results (June 8) reported $35.59 million revenue, an adjusted loss per share of $0.53, and a $42.57 million non-cash impairment on the Groton Project, plus a pipeline expansion to 4 GW with 90% for data centers.
Plug Power (NASDAQ:PLUG) rose 1% to $2.64 after announcing commissioning of a 5 MW GenEco PEM electrolyzer system at Made Power-to-X in Esbjerg, Denmark.
You might also wanna read
US Grid Constraints Drive Behind-The-Meter Data Center Boom, Onsite Gas Generation Poised for 40GW+ by 2028
The article analyzes how US grid infrastructure is failing to keep pace with the surging power demands of AI labs and hyperscale data center
newsletter.semianalysis.com·5d ago
GRIDSERVE reports 45% YoY growth as UK’s EV charging infrastructure expands
Tesla's energy storage business gets sucked into the company's downward spiral
Tesla's 4680 Battery Supply Chain Disrupted as Partner Writes Down $2.9B Deal by 99%
South Korean battery material supplier L&F Co. has written down the value of its $2.9 billion supply deal with Tesla by over 99%, indicating
electrek.co·6mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.