On September 28, Bloom Energy Corp declined 3.01% overnight, trading at $280.13/share, with turnover of $25.64 million.

The decline reflects the ongoing overhang from Oracle's force majeure notice issued to the developer of its Project Jupiter data center in New Mexico. The 2.45GW facility is designed to rely entirely on Bloom Energy's solid-oxide fuel cell systems for on-site power generation. Although Oracle has publicly reaffirmed its commitment to the project and confirmed it intends to maintain the original contract timeline, the force majeure notification — aimed at deferring payments should the project face delays — continues to fuel concerns over AI infrastructure buildout pace and order execution risk across the data center supply chain.

Notably, the project delay stems from a gas pipeline permitting issue rather than any failure on Bloom Energy's part to deliver equipment. Bloom Energy's backlog stands at approximately 10GW, with Oracle representing roughly one-fifth. The company's contract structure allows equipment reallocation across projects, with financing partners bearing delivery obligations, providing a degree of financial insulation. Nevertheless, broader uncertainty around data center capital expenditure timing and public resistance to large-scale projects continue to pressure sentiment.

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