Bloom Energy, Everpure, Illumina to Join S&P 500 in September Rebalance

Bloom Energy (BE) shares rose 15% after announcing a new production facility and Ameren Missouri's 20-year energy plan. The company reported $1B revenue last quarter, up 166% YoY, and expects sales to double this year. Analysts forecast rapid earnings growth, but the stock remains expensive. Hedge funds increased stakes in BE from Q1 to Q2.

Morgan Stanley predicts a 77 GW power shortfall for US data centers by 2029, creating a $100-$240B opportunity for behind-the-meter solutions. The bank highlights Bloom Energy's fuel cells as a winner due to faster deployment (under 6 months) compared to alternatives, despite higher costs. Morgan Stanley maintains an Overweight rating and $310 price target for Bloom Energy, citing its speed-to-power advantage.

Illumina (ILMN) shares rose 7.7% after analysts raised price targets, citing expected clinical sales growth and AI applications. The stock closed at $293.84, up 7.6%. Illumina's shares have seen significant volatility, with a 22.4% gain last year on strong earnings. The company has raised its full-year EPS guidance to $4.70. ILMN is up 119% YTD, reaching a 52-week high.

Bloom Energy (BE) stock surged 34.3% in September, driven by investor optimism and a price target increase to $308 by Barclays. The company is expanding production capacity and partnerships, including a $25B deal with Brookfield, to meet data center power demand. Bloom Energy raised its full-year revenue guidance to over $4B, implying 100% year-over-year growth. The company is also addressing public concerns through community engagement initiatives.

Oracle (ORCL) issued a force majeure notice for its New Mexico AI data center, Project Jupiter, which includes Bloom Energy's (BE) largest fuel-cell deployment. Bloom Energy shares initially dropped over 5% but have since recovered. Oracle remains committed to the project, but regulatory delays could push back revenue recognition for Bloom Energy. Citadel Securities' Ken Griffin has increased his stake in Bloom Energy over the past year.

Nebius Group (NBIS) reported Q2 results, praising Bloom Energy (BE) for its fuel-cell tech. BE's solution is seen as a quieter, low-emission power option for Nebius's 300MW AI data center in Vineland, NJ. BE stock rose 12.3% on Aug. 12 following the endorsement, which may help address prior community opposition. BE shares have surged amid AI data center demand.