- Bloom Energy shares rebounded sharply on September 25, 2026, gaining over 7% to $285.54 after Oracle reaffirmed its commitment to the 2.4 GW fuel cell contract powering the Project Jupiter campus.
- Oracle had issued a force majeure notice to project developer STACK Infrastructure, citing pending natural gas pipeline permits and an air-quality permit for Bloom's fuel cell installation; Oracle, Blue Owl Capital, and Bloom all said the deal stands.
- A six-month delay in the 17-mile Green Chile Project natural gas pipeline, crucial for the 2.4-gigawatt campus, pushed the operational target to February 2027.
- Project Jupiter represents 10% of Bloom's 25 gigawatts of deployment visibility, and the stock trades at 106 times 2026 projected earnings, exposing execution risk to a rich valuation.
Quotes
“Bloom Energy's stock rebounded sharply on September 25, 2026, gaining over 7% to $285.54”
“Bloom Energy (BE) stock rose 8% to $288.77 after Oracle (ORCL) reaffirmed its commitment to a 2.4 gigawatt fuel cell contract”
“Project Jupiter represents 10% of its 25 gigawatts of deployment visibility”
“Oracle, Blue Owl Capital (the developer's owner), and Bloom Energy all stated the deal stands”