Bloom Energy (BE) stock recently received a major, positive catalyst. S&P Global just announced that the firm would be added to the S&P 500 Index ($SPX) on Sept 21. This development will likely produce further, significant gains for shares of Bloom Energy, as many exchange-traded funds (ETFs) and hedge funds will look to buy BE stock as a result of its inclusion in the index.
Bloom Energy has many other highly favorable attributes, however, including its ability to provide power for data centers very quickly, utilizing either natural gas or clean energy. Moreover, the company has an extremely impressive roster of customers that is growing at a rapid pace. Finally, Bloom appears well-positioned to benefit from the swift expansion of data centers and the possible wide-scale utilization of hydrogen trucks in Europe in the coming years.