Bloom Energy added to S&P 500 index effective September 21, 2026
Business · 10 September 2026
Written by AI from multiple news reports
Bloom Energy will join the S&P 500 stock index on September 21, 2026, replacing Molson Coors. S&P Dow Jones Indices made the announcement on September 8. The company makes fuel cell power systems, mainly for data centres that run artificial intelligence technology.
Bloom Energy's share price had already risen about 20% before the announcement, reaching $277.22. The company also reported strong second-quarter results, with revenue more than doubling compared to the same period last year. Earnings per share came in at $0.78, well above analyst expectations of $0.39.
When a company joins the S&P 500, funds that track the index automatically buy its shares. UBS has set a price target of $325 for the stock, rating it a Buy.