BE stock is up on S&P 500 inclusion; UBS raised PT to $325 with >20% upside potential.
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Let's talk about "Bloom Energy," a name chosen by many of our guests, and now there's big news about it. Yes, big news for Bloom Energy. Its shares are booming this morning. The stock is currently up more than 7 %, or nearly 8% , on the back of news that it will be added to the S&P 500 index.
It will join the broadest benchmark of US stocks on September 21 .
So, while the broader market faces these headwinds, shares of Bloom Energy are rising following news of its inclusion in the S&P 500 index. As for Bloom Energy, UBS has become optimistic about it following this news.
They have raised their target price for the stock to 325, and are maintaining a " buy" rating for the stock. This means there are upside opportunities of more than 20% from the closing levels we saw last Friday, giving the company a higher valuation.
When considering the future trajectory from here towards 2028 sales based on revenue projections of $8.9 billion. " Bloom Energy" is one of the names that's headed for a rise when we think about the growing need for energy with the spread of artificial intelligence, Nicole.
All three names that will be included in the S&P 500 index are rising. There are no surprises. As you know, fund managers who accurately copy the index then have to buy some of these stocks.
Everpure, Illumina and Bloom Energy are all recording gains.
What this channel has said about $BE
Schwab Network has 2 calls on this stock; only the adjacent ones are shown.