Bloom Energy Shares Fall More Than 5% After Oracle Notice
Oracle seeks to defer related payments if its New Mexico Project Jupiter data center is shelved or misses its planned 2028 launch.
Bloom Energy shares fell more than 5% in premarket trading Thursday after Oracle issued a force majeure notice tied to its Project Jupiter data center in New Mexico, putting the fuel-cell supplier’s exposure to the project in focus.
Oracle’s notice addresses payment obligations if the data center is shelved or cannot launch as planned in 2028. The notice signals that delays could affect the timing of payments connected to the development.
Project Jupiter is planned to use Bloom Energy fuel cells after the project changed its power design. The data center is intended to provide computing capacity for OpenAI.
The market reaction highlights the potential spillover from delays at large artificial intelligence infrastructure projects to companies supplying their energy systems. Bloom’s premarket decline came as investors assessed how the notice could affect the timing of business tied to the project.
