Bloom Energy Stock Surges 8% on Oracle Reassurance

Bloom Energy stock saw an 8% surge on Friday to close at around $288.70, making it the top performer in the S&P 500.

The jump came after Morgan Stanley analysts reassured investors that Oracle's force majeure notice would not affect Bloom Energy.

The notice was sent by Oracle to Stack Infrastructure, a developer behind its Project Jupiter data center campus in New Mexico. However, Morgan Stanley analyst David Arcaro noted that the delay is due to pipeline and air quality permits, not Bloom's fuel cell technology.

Arcaro kept his Overweight rating on Bloom and a $310 price target intact, stating that the project is not part of Bloom's 2026 guidance. If the New Mexico site faces delays or gets scrapped, contractual protections mean Oracle can redirect fuel cell shipments to other data center projects instead.