Bloom Energy shares fell 4% to $229.83 in afternoon trading, though they remain up 165% year to date, the steepest drop among power equipment names as Caterpillar slid 3% to $727.55 and Generac slipped 1% to $195.67. The article says capital is rotating out of AI and tech stocks, hitting makers whose gains came from data center power demand, while the S&P 500 ETF rose 0.1% and the industrials ETF XLI fell 0.2%. Bloom's fuel cells generate electricity on site for data center operators, and its CEO said in July that major US hyperscalers had approved its solutions. Q2 revenue rose 165.5% to $1.07 billion and non-GAAP EPS reached $0.78 versus a $0.41 estimate, and full-year 2026 revenue guidance is $3.9 billion to $4.2 billion. The article flags a slowdown in AI adoption as a key risk to data center expansion and the stock.
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