Bloom Energy Corp's stock plummeted 5.08% in intraday trading, reflecting broad weakness across the Heavy Electrical Equipment sector.

The sector-wide selloff weighed on Bloom Energy despite the company's strong recent momentum driven by a landmark $2.6 billion fuel cell capacity agreement with Nebius for AI data center power supply. Within the sector, multiple companies experienced declines, creating downward pressure on the stock.

Bloom Energy Corporation is a global leader in on-site power generation, manufacturing and deploying solid-oxide fuel cell systems powered by natural gas, biogas, or hydrogen. Its Bloom Energy Servers provide resilient distributed power to data centers, semiconductor manufacturing, and other critical industrial operations.