FuelCell Energy rises on AI power demand while Bloom Energy falls after TD Cowen flags project delays impacting 2027-2028 estimates.
FuelCell Energy shares climbed 6% to $19.63, driven by momentum in AI-related power deals, while Bloom Energy fell 6% to $202.92. Plug Power declined 2% to $2.13, extending its struggles in the fuel-cell sector.
TD Cowen reiterated a Hold rating on Bloom Energy, citing delays in Oracle and American Electric Power data center projects. The firm warned these setbacks could pressure 2027 and 2028 earnings estimates, calling the stock fully valued at 514x P/E.
Year-to-date, Bloom Energy has surged 133%, FuelCell Energy 167%, and Plug Power just 7%, reflecting divergent performance in the AI-driven power thesis.