BE · Bloom Energy Corporation

Bloom Energy Corp BE

Designs and manufactures solid-oxide fuel cell systems that generate on-site electricity for commercial and industrial customers.

Industry
Electrical Equipment
Listed on
New York Stock Exchange
IPO
2018-07-25
Website
bloomenergy.com

Daily brief

Bloom Energy rises ahead of S&P 500 entry

+9.63% to $277.22 from $252.87

What moved BE

  • Bloom Energy is set to join the S&P 500 before trading opens on September 21, replacing The Trade Desk in the index.
  • Shares rose more than 6% as the pending addition extended a rally built on demand for Bloom’s on-site fuel-cell power systems from AI data-center operators.
  • Illumina and Everpure are also joining the S&P 500 in the same rebalancing, while Trade Desk, Nike and Honeywell are leaving.

Sources: Bloomberg · CNBC · CoinCentral

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