MTAR Technologies Share Price Rebounds Nearly 14% After Update on Bloom Energy-Linked Data Centre Project

MTAR Technologies share price rebounded sharply on Friday, gaining nearly 13.86% to ₹7,168.00 on the BSE and recovering a significant portion of the previous session's losses. The rally came after reports indicated that the Bloom Energy-linked 1.8-gigawatt data centre project in Cheyenne, Wyoming, remains on track, with development activities progressing as planned. 

According to reports, Black Hills Corporation said it is working closely with the potential large-load customer and expects the project to commence operations in early 2028.  

Why Did MTAR Technologies Share Price Fall on June 11? 

MTAR Technologies share price declined around 11.20% on Thursday. The decline followed concerns surrounding the Wyoming data centre project after Crusoe Energy, one of the key participants in the project, announced a pause in the data centre component at the request of its customer. 

The development raised concerns over Bloom Energy's future fuel-cell deployment pipeline, as the facility was expected to use a combination of Bloom Energy fuel cells and grid electricity, including 900 MW of behind-the-meter fuel-cell capacity. 

MTAR Technologies' Exposure to Bloom Energy 

Investor concerns were driven by MTAR Technologies' dependence on Bloom Energy, which contributes an estimated 55% to 65% of the company's revenue. 

MTAR Technologies serves as a key supplier for Bloom Energy's Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolyser (SOEC) programmes and is also the sole supplier of Bloom Energy's electrolyser units. The company currently caters to around 50% to 60% of Bloom Energy's hotbox requirements. 

Read More: MTAR Technologies Share Price Gains Over 6%; Secures ₹467.30 Crore in International Purchase Orders 

MTAR Technologies Share Price Performance 

As of 12:56 PM on June 12, 2026, MTAR Technologies share price was trading at ₹7,098.00, up ₹802.40 or 12.75% from the previous closing price on the BSE. 

The stock has risen around 200% on a year-to-date basis, while it has advanced over 320% in the past 1 year.  

Conclusion 

MTAR Technologies share price rebounded after reports indicated that the Bloom Energy-linked data centre project in Wyoming continues to progress as planned. The clarification helped ease concerns that emerged following the temporary pause announced for the data centre component of the project. 

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