US Stock Market Move | Concerns over Oracle Corporation's data center project cause Bloom Energy (BE.US) to plunge 7%.

On Thursday, Bloom Energy (BE.US) plunged over 7% after Oracle Corporation issued a force majeure notice regarding its New Mexico data center. It is reported that Oracle Corporation invoked the force majeure clause in an attempt to build a financial firewall for its giant data center project in New Mexico, a move that added further uncertainty to the already struggling Project Jupiter and quickly transmitted pressure across the entire financing chain. Investor concerns about the project's prospects have spread from core participants to the surrounding supply chain. Project Jupiter uses Bloom Energy's fuel cells, and as an important data center power provider, the company's stock price came under pressure.