The inclusion of Bloom Energy, alongside Everpure and Illumina, marks a significant shift in index composition, as S&P Dow Jones Indices prepares to drop The Trade Desk, Builders FirstSource, and Molson Coors Beverage from the index. These changes are scheduled to take effect when the markets open on September 21.
Bloom Energy Stock Surges Following S&P 500 Selection
Shares of Bloom Energy climbed 11% to $279.92 by midday Tuesday, extending a blistering rally that has seen the fuel-cell provider’s market value more than triple this year. The jump follows a late-week announcement from S&P Dow Jones Indices confirming the company’s upcoming promotion into the S&P 500 benchmark.
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