Bloom Energy, Illumina, and Everpure are considered top contenders for inclusion in the S&P 500 index during its quarterly rebalancing, with the official announcement from S&P Dow Jones Indices expected after market close on Friday, September 4, 2026. Other companies like Astera Labs, Cheniere Energy, and Twilio are also on analysts' watchlists for potential additions.
Bloom Energy has seen significant stock movement recently, with its shares rising 8.41% on Thursday to close at $235.55. This surge is largely attributed to speculation about its S&P 500 inclusion rather than company-specific news. Analysts like Melissa Roberts from Stephens have named Bloom and Cheniere Energy as likely candidates. Bloom Energy's market capitalization of nearly $69 billion, along with its recent profitability and liquidity, meet the criteria for inclusion. The company reported its best-ever quarter with $1.065 billion in revenue, up 166% year-over-year, and management raised full-year revenue guidance to $3.9 billion to $4.2 billion.
Inclusion in the S&P 500 means passive index-tracking funds will be mandated to purchase shares, which can drive up demand and price. However, this is not a confirmed event, and Bloom Energy has experienced similar speculation in the past where it did not get added. The company is currently trading at a premium compared to peers, with a TIKR mid-case valuation of around $1,255 by the end of 2030, representing a potential total return of approximately 433%.
Stephens' analysts also identified other companies as potential additions across various sectors, including Royalty Pharma and Alnylam Pharmaceuticals in healthcare, and Credo Technology Group in technology. Conversely, companies like The Trade Desk, Builders FirstSource, Norwegian Cruise Line, Molson Coors, and Mosaic are being flagged as potential demotion candidates from the S&P 500 index. These index changes can significantly impact share prices due to the forced buying or selling by passive funds.
