Shares of fuel cell companies like Bloom Energy, FuelCell Energy, and Plug Power dropped sharply as the recent rally tied to AI data center demand reversed. Bloom Energy led the decline with a 9% drop, reflecting investor caution before its third-quarter 2026 earnings report. The selloff is linked to broader tech weakness and concerns about whether Bloom Energy can sustain margins amid high expectations. The upcoming earnings report will be crucial in setting the near-term direction for these stocks and the hydrogen sector overall.
Bloom Energy trades at USD 213.70 on Pluang, down 10.41% as of Oct 23, 2026 00:21 WIB, showing a sharper decline than the article's 9% drop. FuelCell Energy also falls 9.17% to USD 11.99, with a high sell order activity of 68%. Plug Power is less affected, down 2.48% at USD 1.38, reflecting mixed investor sentiment in the hydrogen sector ahead of Bloom's earnings report.
