On September 8, Bloom Energy Corp rose 6.24% in pre-market trading, trading at approximately $268.65/share, extending its recent strong momentum. The move was driven by the approaching inclusion of the stock in the S&P 500 index, scheduled to take effect before the open on September 21.

S&P Dow Jones Indices announced that Bloom Energy Corp, along with Illumina and Everpure, will join the S&P 500 in the latest quarterly rebalance, replacing Molson Coors Beverage, Trade Desk, and Builders FirstSource. As the effective date nears, passive funds and ETFs tracking the S&P 500 are required to complete position-building within the rebalancing window, catalyzing early capital allocation into the stock.

Fundamentally, the company reported Q2 revenue of $1.065 billion, up 166% year-over-year, with GAAP operating profit of $182 million. A major institution recently upgraded the stock to Buy, projecting revenue of $4.122 billion, $9.038 billion, and $14.771 billion over the next three years, citing the company's earnings inflection point and strong visibility into North American power supply shortages over the next two to three years.

(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.)