Movement Alert|Bloom Energy Corp Rises 3.53% in Pre-Market Trading, S&P 500 Index Inclusion Takes Effect Today

Market Focus
Sep 21

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.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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