NEW YORK, Feb 27, 2026, 16:10 EST — After-hours.
- Bloom Energy shares were down about 9% near $154 late in Friday’s session, extending a two-day pullback.
- A filing showed CEO KR Sridhar sold 200,000 shares earlier this week.
- Traders are watching inflation and rate expectations into the Federal Reserve’s March meeting.
Bloom Energy Corp shares slid 8.6% on Friday and were last at $154.03 near the close, after swinging between $167.45 and $151.80. Fuel-cell peers Plug Power fell 6.3% and FuelCell Energy dropped 11.0%, as traders cut risk across parts of the alternative-power complex. 1
The move matters now because Bloom has become a crowded way to play the scramble for extra electricity, especially around AI data centers, and crowded trades tend to snap back fast. Friday’s drop capped a rough week for a stock that had been running hard and then started to wobble.
Chief executive and founder KR Sridhar sold 200,000 shares on Feb. 24 at a weighted average price of $170, a Form 4 filing showed. After the sale, he held about 2.19 million shares directly, with additional holdings listed through trusts. 2
Insider selling is not a verdict by itself — executives sell for taxes, diversification, and preset plans — but it can jar sentiment when it hits during a momentum run. For short-term traders, it also adds one more headline to an already twitchy tape.
Macro didn’t help. U.S. producer prices, a gauge of inflation at the wholesale level, rose 0.5% in January, above economists’ expectations, a Labor Department report showed. Ben Ayers, a senior economist at Nationwide, said wider producer margins “could add some upside” to consumer costs, and the report reinforced calls that the Fed stays on hold; the delayed January PCE inflation report is due March 13. 3
Higher-for-longer rate bets tend to bite the kinds of stocks that rely on big growth assumptions, and Bloom has been trading like that sort of name. The stock’s intraday swings have been sharp, and Friday’s slide showed how quickly the bid can thin out.
Bloom, which makes solid oxide fuel-cell systems for onsite power, has leaned into the data-center narrative in recent weeks. In an earnings release earlier this month, Sridhar said “bring-your-own-power” had shifted from a slogan to a “business necessity” for AI hyperscalers, while the company laid out 2026 targets that imply much higher revenue. 4
That story remains the bull case: quicker deployment than grid upgrades, and customers willing to pay to avoid delays. But it is also a setup for disappointment if projects slip, financing costs rise, or customers decide to wait for utility connections instead of paying for onsite generation.
The downside scenario is plain. If the next few weeks bring more sticky inflation prints and the market pushes rate-cut expectations further out, Bloom and its fuel-cell peers could stay under pressure even without any company-specific bad news.
For the next session, traders will watch whether Bloom stabilizes after a steep two-day drop and whether selling pressure spreads into other “power for AI” themes. Attention then turns to the Fed’s March 17-18 meeting for the next hard signal on rates. 5
