Bloom Energy Shares Rise After S&P 500 Inclusion Confirmed

Bloom Energy Corp (NYSE:BE) shares rose 5.1% to $265.70 in premarket trading after confirmation that the company will join the S&P 500 Index before the market opens on September 21.

Inclusion in the benchmark means investment funds and exchange-traded funds that track the S&P 500 will need to adjust their holdings to reflect the revised index composition.

Bloom Energy will be the first energy company added to the S&P 500 since 2022, according to the supplied information.

UBS Raises Bloom Energy Price Target to $325

The index announcement was accompanied by an updated assessment from UBS analyst Manav Gupta, who increased his price target for Bloom Energy to $325 from $300 while maintaining a Buy rating.

Gupta based the revised target on an 11.25-times enterprise value-to-sales multiple applied to a 2028 revenue estimate of $8.9 billion.

The analyst increased the valuation multiple to account for his expectations surrounding S&P 500 membership. Gupta said passive fund ownership typically increases after a company enters the benchmark, potentially changing the composition of its institutional shareholder base.

The price target, revenue forecast and valuation assumptions represent UBS's estimates and do not establish Bloom Energy's future financial performance or share price.

Second-Quarter Revenue Reached $1.07 Billion

The latest developments follow Bloom Energy's second-quarter 2026 results, when the company reported revenue of $1.07 billion.

Revenue more than doubled from the corresponding period a year earlier and exceeded Wall Street estimates, according to the supplied information.

The company operates in the fuel cell and clean-power market, where some sector peers were also trading higher during Tuesday's premarket session.

Bloom Energy Gains as Major Indices Trade Lower

Bloom Energy's advance came during a weaker premarket session for the broader U.S. equity market.

The S&P 500 was down 0.3%, the Dow Jones declined 0.8% and the Nasdaq slipped 0.1%. Investors were also assessing higher oil prices, new Canadian retaliatory tariffs on U.S. goods and an approximately 60% market-implied probability of a Federal Reserve interest-rate increase at its next meeting.

Bloom Energy's 5.1% premarket increase followed confirmation of its forthcoming S&P 500 membership and UBS's price-target increase, alongside the company's previously reported second-quarter results.

The index change is scheduled to take effect before trading begins on September 21.