On September 21, Bloom Energy Corp rose 3.53% in pre-market trading, trading at $275.38/share, with turnover of $7.067 million.
On the news front, today marks the official effective date for Bloom Energy Corp's inclusion in the S&P 500 index, replacing Molson Coors Beverage. S&P Dow Jones Indices previously announced this adjustment as part of its routine quarterly rebalance. Passive funds and ETFs tracking the S&P 500 are required to complete position-building around the effective date, creating direct buying support. The stock had previously surged over 9% on September 8 when the inclusion was first announced, touching a high of $277.06, before experiencing profit-taking pullbacks.
Additionally, Mizuho recently raised its target price on Bloom Energy Corp significantly from $242 to $351, maintaining an Outperform rating. The company reported record second-quarter revenue of $1.065 billion, up 165% year-over-year, driven by surging AI data center on-site power demand. Management also raised full-year revenue guidance, with the lower bound of its guidance already exceeding the upper bound from three months prior.
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