S&P 500 Index Faces Quarterly Reshuffle: Bloom Energy (BE.US) Stands Out Thanks to AI Computing Power Demand, Illumina (ILMN.US) and Everpure (P.US) Included

According to reports from Zhihu Finance APP, S&P Dow Jones Indices announced on Friday that Bloom Energy Corp. (BE.US), Illumina Inc. (ILMN.US), and Everpure Inc. (P.US) will be included in the S&P 500 Index in the latest quarterly adjustment.

According to the index provider, these three companies will replace Molson Coors Beverage Co., Trade Desk Inc., and Builders FirstSource Inc. before the market opens on September 21.

In after-hours trading, Bloom Energy shares rose 6%, Illumina increased 1.7%, and Everpure climbed 2.2%.

Fuel cell manufacturer Bloom Energy reported results in July that were more than double expectations and raised its full-year forecast for the second consecutive quarter, indicating extremely strong demand from data centers. The company produces fuel cells powered by natural gas, and its systems are in high demand for powering data centers.

Life sciences company Illumina also raised its full-year total revenue outlook in July to a level above analyst estimates, while computer storage company Everpure also reported better-than-expected results.

The growth of passive investing has increased the importance of being included in the S&P 500 Index. According to guidance from July, companies must have a market capitalization of at least $22.7 billion and meet requirements for profitability, liquidity, and free-float shares to be eligible for inclusion.

As part of a non-periodic adjustment, Reddit Inc. was added to the S&P 500 Index in August, replacing AvalonBay Communities Inc.