Bloom Energy stock fell more than 10% on Wednesday, June 10. Partner Crusoe Energy reportedly paused development on a 1.8-gigawatt data center in Wyoming. Bloom Energy was scheduled to provide fuel cells for this AI-focused facility.
RBC Capital analysts later clarified the project remains on track despite Crusoe Energy exiting as a partner. Utility provider Black Hills Energy confirmed it is now working directly with the end customer.
The project maintains an expected in-service date of early 2028. Bloom Energy shares recovered a portion of their initial losses following the update.