On September 24, Bloom Energy Corp fell 8.05% in regular trading, trading at $252.53/share, with turnover of $5.69 billion. The sharp decline was triggered by Oracle issuing a force majeure notice related to its New Mexico data center, known as Project Jupiter, which reportedly utilizes Bloom Energy's solid-oxide fuel cell technology for on-site power generation.

Oracle is one of Bloom Energy's key clients in the AI computing on-site power segment. The company had previously secured a contract to provide a 55MW on-site power solution for Oracle Cloud Infrastructure data centers with a 90-day deployment commitment. The force majeure notice has raised market concerns over Bloom Energy's order execution timeline and near-term revenue recognition pace.

Adding to the selling pressure, the passive fund allocation window following Bloom Energy's formal inclusion in the S&P 500 on September 21 is nearing completion. The stock had risen over 6% in the two sessions following index inclusion, reaching as high as $281.17, and accumulated profit-taking compounded the negative catalyst. The broader Heavy Electrical Equipment sector also traded lower, with GE Vernova down 2.23%, Forgent Power Solutions down 3.42%, NuScale Power down 1.79%, and X-Energy down 1.74%.

(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.)