Bloom Energy to Join S&P 500 on September 21, Replacing Molson Coors

Key Facts

S&P Dow Jones Indices announced on September 4 that Bloom Energy, ticker BE, will join the S&P 500 before trading opens on September 21, 2026, replacing Molson Coors Beverage, ticker TAP, in the quarterly rebalance.

The announcement concerns a scheduled S&P 500 constituent change, not an addition that became effective immediately. S&P Dow Jones Indices classified Bloom Energy in the Industrials sector in its table of changes.

BE closed on September 4, 2026 at $252.87 after reaching a session high of $253.30 and a low of $235.55. Those figures cover a trading session before the index change takes effect on September 21 and do not by themselves establish the size of any rebalance-related flows.

The operating context comes from Bloom Energy’s Q2 2026 results: revenue reached $1.0654 billion, up 165.5% year over year, while GAAP operating margin was 17.1% and non-GAAP operating margin was 22.5%.

Bloom raised its 2026 outlook to revenue of $3.9 billion-$4.2 billion, non-GAAP gross margin of about 34%, non-GAAP operating income of $800 million-$900 million, and adjusted EPS of $2.55-$2.85. The company did not formally guide to $4.1 billion of revenue and a 21% operating margin; approximately 21.0% results only from dividing the midpoints of the operating-income and revenue ranges, or $850 million by $4.05 billion.

For portfolios designed to track the S&P 500, the September 21 effective date provides the basis for rebalancing holdings, but it does not guarantee sustained institutional demand or positive stock performance. The principal next points to watch are completion of the index change and Bloom Energy’s execution against its 2026 guidance ranges.