UBS Upgrades Illumina to Buy From Neutral, Adjusts Price Target to $260 From $135

S&P Dow Jones Indices announced Bloom Energy, Illumina, and Everpure will join the S&P 500, replacing Molson Coors, The Trade Desk, and Builders FirstSource in the S&P SmallCap 600. The changes will take effect before the market opens later this quarter.

Illumina raised its full-year 2026 guidance, expecting revenue of $4.60B-$4.64B and EPS of $5.30-$5.40, citing strong clinical consumables growth and momentum in multiomics. The company also announced new leadership and partnerships. Analysts project revenue growth to $6B by 2030, with mixed stock ratings and an average price target of $207.21.

Bloom Energy (BE) will join the S&P 500 on September 21, according to S&P Dow Jones Indices. Clear Street raised its price target to $330, citing 20% upside potential and expected institutional investor interest. BE stock gained 9% on the news. UBS also raised its target to $325. Bloom reported record Q2 revenue and raised its 2026 outlook to $3.9B-$4.2B.

Bloom Energy (BE), Everpure (EP), and Illumina (ILMN) will join the S&P 500 index in September. The S&P 500 is currently at 7,689.89 points, up 12.34% year-to-date. The changes reflect the index's quarterly rebalance.

The Trade Desk (TTD) was removed from the S&P 500 index and laid off 575 employees on the same day. Illumina (ILMN) will replace it. The stock fell 4.37% to $14.43, down 90% since its inclusion in July 2025. The company reported slowing growth and leadership changes.

Illumina (ILMN), Bloom Energy (BE), and Everpure (P) will join the S&P 500 on 21 September 2026, replacing Molson Coors (TAP), The Trade Desk (TTD), and Builders FirstSource (BLDR). All three stocks gained in after-hours trading, with Bloom Energy rising up to 7.5%. Illumina reported $1.159B revenue for Q2 2026, up from $1.059B a year earlier, and improved earnings per share. Bloom Energy has seen a 191% rally over the past year, driven by AI data-center demand.