Bloom Energy Just Joined the S&P 500. Here's What History Says Happens Next.

Bloom Energy (BE) has been added to the S&P 500 on Sept. 21, 2026, after a two-year rally of 1,880% and strong profitability, following its shift from niche fuel-cell technology into a widely tracked growth name. The company develops solid oxide fuel cells (SOFCs) that convert natural gas, biogas, propane, and hydrogen into electricity without combustion, and can be deployed in under two months—often faster than traditional utility connections. Growth has been driven by AI data center demand, including customers and deployment partners such as Oracle, CoreWeave, Nebius, and Equinix. Analysts expect revenue and adjusted EBITDA to grow at CAGRs of 72% and 126% through 2028.