Bloom Energy Shares Rise Following Confirmation of S&P 500 Inclusion
Shares of Bloom Energy (NYSE:BE) rose by 5.1% in premarket trading after it was confirmed that the company will be added to the S&P 500 Index on September 21, marking its first inclusion since a similar addition for an energy firm in 2022. This change requires investment funds and ETFs tracking the index to adjust their holdings accordingly. UBS analyst Manav Gupta raised his price target for Bloom Energy from $300 to $325 while maintaining a Buy rating, citing expectations of increased passive fund ownership following S&P inclusion. The firm also noted that this follows strong second-quarter revenue performance in 2026, where the company reported $1.07 billion—more than double year-over-year and above Wall Street estimates. Despite broader market weakness with declines across major indices like the S&P 500 (-0.3%), Dow Jones (-0.8%) and Nasdaq (-0.1%), Bloom Energy's stock gained traction, driven by its index inclusion confirmation, UBS’s updated outlook, and strong Q2 results.
Topics: Bloom Energy stock price rise S&P 500 inclusion UBS analyst upgrade