{"id":113920,"date":"2026-06-11T11:41:34","date_gmt":"2026-06-11T06:11:34","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=113920"},"modified":"2026-06-11T11:42:59","modified_gmt":"2026-06-11T06:12:59","slug":"mtar-technologies-share-price-bloom-energy","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mtar-technologies-share-price-bloom-energy\/","title":{"rendered":"MTAR Technologies Share Price Falls 7.27% to Rs 6,590 as Key US Client Bloom Energy Slides on AI Data Center Spending Concerns"},"content":{"rendered":"
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MTAR Technologies share price: Rs 6,590 (-7.27%). Open Rs 7,100, High Rs 7,154, Low Rs 6,578. Prev close Rs 7,106.50. Key client: Bloom Energy (NYSE: BE) fell 5.63% in US on June 10. Bloom Energy = 48% of MTAR Q3 FY26 order inflow of Rs 13.7 billion. Support: Rs 6,763 | Resistance: Rs 7,585. MTAR YTD +165% before correction.<\/em><\/p>\n

The MTAR Technologies<\/a> share price<\/strong> fell 7.27% to Rs 6,590 on Thursday, June 11, 2026, as the stock responded to a 5.63% decline in its key US client, Bloom Energy Corporation (NYSE: BE), in American markets on June 10. The MTAR Technologies share price<\/strong> opened at Rs 7,100, fell sharply through the session to a low of Rs 6,578, before settling around Rs 6,590. MTAR Technologies is a critical manufacturing partner of Bloom Energy, supplying Yuma Hot Boxes and fuel cell components from Hyderabad, and derives approximately 48% of its quarterly order inflow from this single US client. Bloom Energy’s decline was driven by growing market concerns about AI data center spending sustainability, following a period where the fuel cell energy company had been one of the biggest beneficiaries of the AI infrastructure buildout wave.<\/p>\n

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