Why Did Bloom Energy Stock Tank Today?

By Howard Smith – Dec 17, 2025 at 3:09PM ESTKey PointsWill spending on AI infrastructure go from boom to bust? Bloom Energy shares soared with the AI frenzy, and now investors aren't sure that was justified.These 10 Stocks Could Mint the Next Wave of Millionaires ›NYSE: BEBloom EnergyMarket Cap$21BToday's Changeangle-down(-12.21%) $10.70Current Price$76.92Price as of December 17, 2025 at 3:54 PM ETIs the party over for Bloom Energy?Bloom Energy (BE 12.21%) has been one of the darlings of the artificial intelligence (AI) boom. Shares of the fuel cell maker soared as investors identified it as a potential solution to the challenge of powering all the data centers being planned and built. Investors have soured somewhat on the AI sector, though, and Bloom Energy shares have plunged 46% from October highs. That includes a 12.6% drop as of 3:07 p.m. ET today. Image source: Getty Images. From boom to bust? In October, Bloom announced a $5 billion deal with Brookfield Asset Management, under which the asset manager will build artificial intelligence (AI) data centers powered by Bloom's fuel cell technology. Large capital investment commitments like that are now being questioned by investors, however. Today, investor scrutiny of AI spending has increased, with reports that private equity asset manager Blue Owl Capital may not provide financing for a $10 billion data center in Michigan, previously announced in collaboration with tech giant Oracle. ExpandNYSE: BEBloom EnergyToday's Change(-12.21%) $-10.70Current Price$76.92Key Data PointsMarket Cap$21BDay's Range$75.70 - $90.5052wk Range$15.15 - $147.86Volume16MAvg Vol15MGross Margin33.24% Investors poured into Bloom shares, hoping that the massive AI spending would bring a windfall for the company. Bloom's valuation soared on those hopes to a market cap of over $33.5 billion. That's a rich valuation for a company that just reported record quarterly revenue of $519 million. Advertisement Now that AI spending is being questioned, investors are booking profits in Bloom Energy stock. That helps explain today's stock price plunge.About the AuthorHoward Smith is a contributing Motley Fool stock market analyst covering technology and industrial stocks. Prior to The Motley Fool, Howard spent nearly 30 years supervising quality and operations in the steel industry, mostly with leading steel company Nucor. He holds a bachelor’s degree in metallurgical engineering from Lafayette College and a master’s degree in environmental engineering from Johns Hopkins University.TMFBuilt2LastRead NextDec 15, 2025 •By Catie HoganWhy Shares of BE Got Crushed Last WeekDec 12, 2025 •By Rich SmithWhy Bloom Energy Stock Dropped TodayDec 12, 2025 •By Neha ChamariaWhy Is Bloom Energy Stock Crashing This Week?Dec 6, 2025 •By Brett SchaferWhy Bloom Energy Stock Sank 17.3% In NovemberDec 2, 2025 •By Howard SmithWhy Did Bloom Energy Stock Pop Today?Nov 25, 2025 •By Rich SmithWhy Bloom Energy Stock Sank Today