Bloom Energy jumps 8% as Oracle reaffirms 2.4 GW fuel cell deal despite force majeure schedule risk

BE shares climbed about 8% on September 25, 2026, trading at $288.77 in the afternoon, after ORCL reaffirmed its 2.4 GW fuel cell deal with Bloom Energy. Later reports put the day's gain at 8.7%, and the stock is up 232% year to date. Oracle shares slipped 1% to $138.11 on the same day.

The reaffirmation followed a force majeure notice Oracle issued to Blue Owl Capital's Stack Infrastructure unit over Project Jupiter, a data center campus in Dona Ana County, New Mexico. Under that arrangement Oracle could defer certain payments if the campus misses its target schedule. Mainstream coverage described the notice as signaling real schedule risk rather than a false alarm: Energy Transfer's natural gas pipeline to the site has been delayed roughly six months to February 2027 after New Mexico State Land Office permit denials, and an air-quality permit decision is not expected until November 23, 2026. The notice concerned Oracle's arrangement with the developer, not Bloom's own contract.

Bloom also faces a securities class action. Plaintiffs allege the company understated how much it relied on scandium sourced from China through intermediaries. After a July 8, 2026 Hunterbrook Media report on those supply routes, the stock fell 5.7% . Investors who bought between February 27, 2025 and July 8, 2026 have until September 28, 2026 to seek lead plaintiff status .

What to watch: the pipeline and air-quality permit timeline at Project Jupiter, any change to Oracle's payment terms with the developer, and whether a lead plaintiff is appointed after the September 28 deadline.