Bloom Energy's stock dropped 8% to $269.16 even after UBS raised its price target to $350 and maintained a Buy rating. The decline also affected FuelCell Energy and Plug Power, which fell 8% and 3% respectively, reflecting broader weakness in the hydrogen and fuel cell sector. Analysts highlight Bloom's expanding market beyond data centers into utilities, but skepticism remains due to sector-wide selling and mixed analyst ratings. Investors will watch for updates on Bloom's backlog and contracts to gauge future growth potential.
Bloom Energy trades at USD 268.29 on Pluang, down 7.90% as of Oct 09, 2026 01:01 WIB, close to the news price. FuelCell Energy is also down 8.11% at USD 16.88, while Plug Power fell 3.65% to USD 1.72. Pluang order activity shows mixed sentiment with Bloom Energy seeing 56% sell orders and Plug Power 75% buy orders, reflecting varied investor interest in the sector.
FuelCell Energy's stock fell 12% following the announcement that its CFO of 15 years, Michael Bishop, is stepping down and being replaced by Matthew Latino. This leadership change comes as the company aims to convert a large backlog of awarded but un...
FuelCell Energy's stock surged 11% following Fit Energy's announcement of a Pennsylvania data center project powered by FuelCell's natural gas fuel cells. The project confirms a location under an existing supply agreement but lacks details on order s...
