FuelCell Energy Soars 23% on Russell Index Inclusion, Bloom Energy Climbs 7%, Plug Power Gains 5%

FuelCell Energy shares jumped 23% to $36.64 in early Tuesday trading after inclusion in the Russell 2000 and Russell 3000 indices during the latest reconstitution. The move extended a strong June rally, while Bloom Energy climbed 7% to $293.61 and Plug Power rose 5% to $2.72, benefiting from sympathy within the fuel-cell sector. FuelCell Energy entered the session up sharply and is up 346% year to date, while Bloom Energy is up 233%. The article notes the index addition acts as a catalyst for passive funds and ETFs tracking the Russell indices. It also points to other recent drivers for FuelCell Energy, including an agreement with Fit Energy to supply up to 380 MW for AI data centers and a $49 million non-dilutive financing package via the U.S. Export-Import Bank. Analysts cited upgrades, and Bloom’s latest results showed Q1 FY2026 revenue of $751 million, up 130% year over year.