Bloom Energy shares rebound 7.29% after Oracle Project Jupiter concerns

  • Bloom Energy shares rebounded after Oracle Project Jupiter concerns drove Thursday’s selloff.
  • 7.29%: Bloom shares traded at $286.08 at publication, according to Benzinga Pro.
  • Oracle said the project remained on track, while Blue Owl said its obligations were unchanged.

Bloom Energy shares rebounded Friday after falling more than 6% Thursday on concerns that Oracle had triggered a force majeure clause tied to Project Jupiter, a sprawling New Mexico data-center development expected to use Bloom’s fuel-cell technology. Oracle said the project remains on track, while Blue Owl Capital, whose portfolio company Stack Infrastructure is developing the site, said its financial obligations to the multiyear project had not changed. Bloom shares were up 7.29% at $286.08 at publication, according to Benzinga Pro, after rising nearly 277% over the past year. The recovery came without a fresh headline and reflected a rebound after a sharp selloff in a high-momentum stock, with traders reassessing the initial news and short sellers potentially covering positions.

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Bloom Energy shares rebound 7.29% after Oracle Project Jupiter concerns - CoinPost Terminal