On September 29, Bloom Energy Corp rose nearly 15% in regular trading. The rebound follows several sessions of pressure tied to Oracle's force majeure notice on the New Mexico Project Jupiter data center, with sentiment now improving on multiple fronts.

On the catalyst side, Jefferies raised its price target on Bloom Energy to $264 from $229, while the FactSet consensus among analysts stands at $287.26 with an overweight rating. Bernstein explicitly confirmed that Bloom Energy's commercial contract terms with Oracle remain unchanged and that the project continues as planned. The delay stems from Energy Transfer's gas pipeline right-of-way being twice rejected by the state land office, requiring rerouting through federal land — not from any Bloom Energy equipment delivery issue.

Bloom Energy currently holds approximately 10GW in backlog orders, with Oracle accounting for roughly one-fifth. The stock had previously declined after Oracle issued the force majeure notice to developer Stack Infrastructure for the 2.45GW Project Jupiter facility, which relies entirely on Bloom Energy fuel cells. The company was formally added to the S&P 500 index on September 21.

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