Bloom Energy and Fuel Cell Stocks Slump as AI Data Center Momentum Fades

Key Facts

1Bloom Energy shares sank 9% as the pre-earnings rally reversed momentum.

2Plug Power shares fell 3% amid a broader sell-off in fuel cell makers exposed to AI data center expansion.

Bloom Energy shares sank 9% as the pre-earnings rally reversed momentum, 24/7 Wall St. reported. Plug Power shares fell 3% amid a broader sell-off in fuel cell makers exposed to AI data center expansion, as investors locked in profits ahead of upcoming earnings reports.

BE closed at $238.53 on October 21, 2026, while PLUG closed at $1.41 on the same date. The sell-off represents a technical and sentiment-driven reversal of the 'AI data center trade,' wiping out recent gains driven by optimism over power deals for AI infrastructure.