Bloom Energy (NYSE:BE) shares fell 9% to $218.09 in afternoon trading, giving back their October 21 gain as caution builds ahead of its third-quarter 2026 report. FuelCell Energy (NASDAQ:FCEL) dropped 6% to $12.36 and Plug Power (NASDAQ:PLUG) fell 3% to $1.37, with the Global X Hydrogen ETF (NASDAQ:HYDR) down 4% and SPDR S&P 500 ETF Trust (NYSEARCA:SPY) off 1%. The article links the size of each drop to how heavily each company depends on data center demand, since Bloom Energy sells fuel cell systems for on-site data center power while FuelCell builds utility-scale plants and Plug Power focuses on hydrogen for warehouse and industrial users. After a large run this year, Bloom Energy's expectations are elevated, and its report will show whether margins keep pace with data center demand.
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