Bloom Energy Jumps 8% as Oracle Reaffirms 2.4 GW Fuel Cell Contract

Key Facts

1Oracle reaffirmed its 2.4 GW fuel cell contract with Bloom Energy despite a previously reported force majeure notice.

Bloom Energy shares rose 8% after Oracle reaffirmed its commitment to a 2.4 GW fuel cell supply contract. Reuters reported that the confirmation comes despite a previously issued force majeure notice regarding the data center project these cells are intended to power, effectively easing investor concerns over the deal's future.

BE closed at $266.65 on September 24, 2026, while ORCL closed at $139.54 on the same date. This development follows statements from Blue Owl Capital asserting that the force majeure notice does not alter the financial obligations of the companies involved in the New Mexico data center campus, which is designed to support artificial intelligence computing capacity.