FuelCell Energy Plunges 17%, Bloom Energy Sinks 14% Despite NTT Data Deal, Plug Power Drops 7%
A 24/7 Wall St. report on the fuel cell sector's post-election slide finds FuelCell Energy down 17% to $8.77, Bloom Energy down 14% despite its NTT DATA deal to deploy 900 megawatts across data centers, and Plug Power down 7%. Traders fear tighter rules could slow the AI data center build-out, and Texas's incoming governor Gina Hinojosa has promised a moratorium on new data center approvals.
