Key TakeawaysBloom Energy (BE) is set to become an S&P 500 component prior to trading on September 21, 2026.Shares rallied 7.35% immediately after the index inclusion announcement.UBS analyst Manav Gupta elevated his price objective to $325 from $300, reaffirming a Buy recommendation.The stock has delivered gains exceeding 150% throughout 2026, driven by its position in AI infrastructure power solutions.Analyst consensus stands at Moderate Buy with a mean target of $269.76.Shares of Bloom Energy (BE) advanced 7.35% following confirmation from S&P Dow Jones Indices that the company will enter the S&P 500 index on September 21, 2026, prior to the scheduled quarterly rebalancing.Bloom Energy Corporation, BEThis development adds significant institutional visibility to a stock that has already delivered remarkable returns of more than 150% year-to-date in 2026.In response to the announcement, UBS analyst Manav Gupta increased his price objective on BE shares to $325 from his previous $300 target while maintaining his Buy recommendation. His revised valuation applies an 11.25x EV/Sales multiple to his 2028 revenue projection of $8.9 billion.Gupta expanded his valuation multiple by 0.5x exclusively to account for the S&P 500 addition, which he believes justifies an enhanced long-term valuation framework.The Significance of S&P 500 MembershipEntry into the S&P 500 triggers mandatory purchases by index-tracking funds and exchange-traded products that replicate the benchmark. According to Gupta’s analysis, passive investment vehicles generally accumulate between 25% and 30% of a constituent company’s free-float capitalization, establishing a more stable institutional ownership structure.Gupta holds the 112th position among over 12,500 analysts monitored by TipRanks. His track record on BE stock includes a 67% accuracy rate with average returns of 223.38% per recommendation measured over one-year periods.Apart from the index development, Bloom’s operational performance has been accelerating. The company delivered its most robust quarterly results in Q2 2026, reporting revenue expansion exceeding 166% compared to the prior-year period.Leadership increased the full-year revenue forecast to a range of $3.9 billion to $4.2 billion, representing approximately 100% year-over-year expansion at the midpoint of guidance.Artificial Intelligence Infrastructure Powers Revenue GrowthBloom maintains a supply arrangement with Oracle covering up to 2.8 GW of fuel cell installations. This agreement demonstrates how large-scale data center operators are embracing on-site power generation as an alternative to lengthy grid interconnection processes.The company also broadened its collaboration with Brookfield Asset Management during summer 2026, expanding their funding structure fivefold to $25 billion to accelerate worldwide fuel cell installations.Gupta emphasized what he describes as “delivered-cost economics” as a primary factor attracting hyperscale cloud providers to Bloom’s solutions. On-site fuel cell installations bypass numerous utility-based charges associated with grid power, including transmission expenses, congestion pricing, and distribution losses.His analysis suggests Bloom’s installations can recover their initial investment within approximately 6.5 to 8 years based on natural gas pricing and operational efficiency, creating compelling economics for operators with extended data center power requirements.Institutional investor interest has expanded substantially alongside the stock’s appreciation. As of Q2 2026 conclusion, 116 hedge funds maintained BE positions in the Insider Monkey tracking database, representing combined holdings valued at approximately $10.8 billion. This marks a significant increase from 91 funds holding roughly $4.5 billion in the preceding quarter.The Street consensus currently registers as Moderate Buy, composed of nine Buy recommendations and eight Hold ratings, with a mean price target of $269.76, suggesting approximately 6.68% potential appreciation from present trading levels.The post Bloom Energy (BE) Stock Soars 150% in 2026: S&P 500 Entry Could Drive More Gains appeared first on Blockonomi.