Bloom Energy's AI data‑center fuel‑cell deal sparks sharp share decline

Bloom Energy announced a landmark agreement to supply its solid‑oxide hydrogen fuel cells to Nebius, an AI cloud platform, marking a major push to power artificial‑intelligence data centers with clean energy. The contract was hailed as a breakthrough for the hydrogen fuel‑cell market, but the announcement coincided with a steep slide in Bloom Energy’s share price, which has fallen nearly 40% from its late‑June peak as investors sold out of the stock.

In parallel, the company is set to release its Q2 2026 earnings on Tuesday, July 28. analysts expect earnings of $0.39 per share on revenue of about $828 million, with full‑year guidance of $1.85‑$2.25 earnings per share. The juxtaposition of a high‑profile AI data‑center deal and a forthcoming earnings report underscores the firm’s strategy to expand its fuel‑cell business while navigating market volatility.