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Bloom Energy shares plunge over 17% on fears of data-center project delays post-U.S. midterms

Market News
05 Nov 2026, 20:03 WIB
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Bearish
Bloom Energy shares plunge over 17% on fears of data-center project delays post-U.S. midterms

Bloom Energy's stock fell sharply, dropping over 17% and becoming the second-worst performer in the S&P 500, due to investor concerns that data-center construction projects may slow down following the U.S. midterm elections. The company, which focuses on on-site power generation with data centers as key customers, saw its shares hit a four-month low and its worst daily decline since June. This selloff reflects broader worries about the technology sector and the potential impact of political changes on infrastructure development.

Bloom Energy shares are trading at USD 166.96 on Pluang as of Nov 06, 2026 01:21 WIB, down 16.69% in one day. The stock's market cap stands at $59.23 billion, reflecting significant investor caution. Typical hold time for Bloom Energy on Pluang is 16 days, indicating moderate trading activity.

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