Bloom Energy, Once an AI Data Center Beneficiary, Loses 4 Trillion Won in a Day

Bloom Energy Corporation (ticker: BE) closed at $135.27 on the New York Stock Exchange on the 26th, plunging 9.95%. Trading volume topped 6.29 million shares, and its market capitalization shrank to about $38 billion (roughly ₩50 trillion), wiping out approximately $3.4 billion (₩4 trillion) in a single day.

On the 12th of this month, Bloom Energy was newly added to the Bloomberg 500 Index, which comprises the top 500 U.S. companies by market capitalization, and starting on the 23rd it also joined the STOXX North America Mid 200 Index, boosting its presence in global benchmarks. Meanwhile, investors are growing cautious about medium- to long-term risks, including a potential slowdown in AI data-center power demand and the rise of competitors’ hydrogen solutions.

Headquartered in California, Bloom Energy is a distributed power-generation company based on solid-oxide fuel cells, and its Bloom Energy Servers provide continuous power to enterprise data centers and commercial facilities. In South Korea, the company plans to supply 500 MW of fuel cells by 2027 in partnership with SK ecoplant, and it is continuing its domestic push by reaffirming expected Korean volumes following the country’s hydrogen-power mandate auction results.