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Catherine Clay, CEO of S&P Dow Jones Indices, discusses the upcoming S&P reconstitution and rebalance, noting that the process is fully transparent and routine. She says market participants already know which names are entering and leaving the index, including Bloom Energy, Illumina and Everpure.
Bloom Energy Corp., Illumina Inc. and Everpure Inc. will join the S&P 500 in the latest quarterly rebalance, S&P Dow Jones Indices said Friday.
Bloom Energy's earnings exceeded expectations, marking a significant milestone as sales topped $1 billion. The company also raised its 2026 guidance for the second consecutive time, indicating strong confidence in its future performance.
Bloom Energy Corp. jumped after the fuel-cell maker posted earnings that were more than double expectations and raised full-year guidance for the second consecutive quarter. This surge is attributed to rampant demand from data centers.
