AI Data Center Beneficiaries Hit a Sudden Brake... 2.4 Trillion Vanished in a Day

On February 28, fuel-cell provider Bloom Energy Corporation (NYSE: BE) closed at $156.51 per share on the New York Stock Exchange, down 5.35%, or roughly ₩200,000. Volume came in at about 6.55 million shares, and the company’s market capitalization contracted to approximately $37 billion (around ₩48 trillion). In a single day, Bloom Energy shed about $1.88 billion in market cap—equivalent to roughly ₩2.4 trillion.

Bloom Energy had announced on January 21 that it will release its fourth-quarter 2025 financial results after the market close on February 5 local time, followed by a conference call the same day. Recently, the company has bolstered growth expectations with a series of major orders: a 1.8 GW fuel-cell system for an AI data center project in Wyoming; a $2.65 billion fuel-cell supply agreement with American Electric Power; and a partnership with Brookfield for AI infrastructure that could reach up to $5 billion in total.

Based in the U.S., Bloom Energy is a clean-energy firm that offers on-site power generation systems using solid oxide fuel-cell technology. Its customer base spans global large-scale users such as data centers, semiconductor fabs and major utilities. Thanks to the surge in power demand from AI data centers, Bloom Energy’s stock jumped more than 400% in 2025—outperforming even Nvidia—though its share price volatility has risen in step with that rapid gain.