On September 29, Bloom Energy Corp rose 3.09% in pre-market trading, trading at approximately $271.2/share, with turnover of $35.02 million. The rebound follows consecutive sessions of selling pressure triggered by Oracle's force majeure notice regarding its Project Jupiter data center in New Mexico.

The 2.45GW Project Jupiter facility relies entirely on Bloom Energy fuel cell systems for power supply. Bernstein clarified that Bloom Energy's commercial contract with Oracle remains fully intact with no changes to terms, and Oracle confirmed the project is still proceeding as planned. The root cause of the delay lies in Energy Transfer's gas pipeline right-of-way being denied twice by the state land office, requiring rerouting through federal land — not an issue with Bloom Energy's equipment delivery.

Bloom Energy currently holds a backlog of approximately 10GW, with Oracle accounting for roughly one-fifth. The stock was formally added to the S&P 500 index on September 21, and the prior selloff was amplified by profit-taking following passive fund positioning around the index inclusion date. The pre-market bounce appears to reflect short-term oversold recovery as the market reassesses the limited direct impact on Bloom Energy's order pipeline.

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