Bloom Energy’s growth story is facing regulatory risks
Bloom Energy has surged 149% in 2026, but its stock now sits 39% below its June peak.
The company’s growth is tied to the AI infrastructure buildout, which is facing local opposition.
A $165 billion New Mexico AI campus project, which includes 2.45 GW of Bloom fuel cells, was rejected by regulators for a second time.
This rejection, along with a New York statewide data center moratorium, signals expanding regulatory resistance to AI infrastructure projects.