Why These Energy Stocks are Losing This Week

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1. Bloom Energy Corporation (NYSE:BE)

Share Price Decline Between Dec. 10 – Dec. 17: 24.01%

Topping our list of Energy Stocks that Lost This Week is Bloom Energy Corporation (NYSE:BE). The company designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. Bloom’s Energy Server generates power onsite, converting fuels like natural gas, biogas, and hydrogen into electricity without combustion.

One of the biggest winners amid the AI boom, Bloom Energy Corporation (NYSE:BE) has skyrocketed since the beginning of 2025 as investors identified it as a potential solution to serve the exorbitant energy demand of the data centers being planned and built. Earlier this year, the company was also handpicked by Oracle Corporation (NSE:ORCL) to deploy its fuel-cell technology at some of the tech giant’s data centers.

However, recent fears regarding an AI bubble have sparked heavy selling, which escalated after Oracle missed revenue estimates in its Q2 2026 results last week and posted a negative free cash flow of $13 billion for the trailing four quarters. The sell-off was further intensified following reports that Blue Owl Capital has pulled out from its planned $10 billion financial support to Oracle’s data center in Michigan, reflecting financial institutions’ growing concerns about Big Tech’s ballooning spending on AI.

Moreover, the recent news that SpaceX is planning to go public in 2026 could also raise a new potential threat to Bloom Energy Corporation (NYSE:BE)’s business model, since Elon Musk plans to use the money to deploy AI data centers in orbit, where solar energy is abundant, and Bloom’s technology is no longer required.

Despite the recent dip, the share price of Bloom Energy Corporation (NYSE:BE) has soared by almost 230% since the beginning of 2025, as of the writing of this piece.

While we acknowledge the potential of BE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BE and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Retirement Stock Portfolio: 11 Energy Stocks to Buy and 14 Best Utility Dividend Stocks to Buy Now.

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