Sep. 8 at 3:04 AM
$BE BE is ripping after-hours today. Shares near 270.86, up about 7.09 percent.
The catalyst is clear. Bloom Energy is set to join the S&P 500 on September 21, part of the latest quarterly rebalance.
Adding fuel to the fire, UBS just raised its price target to 325, up from 300, keeping a Buy rating in place.
Not everything is clean upside though. There's an ongoing securities class action tied to the stock, with a deadline later this month, so it's not a story without risk.
Still, index inclusion tends to bring fresh institutional buying, and that flow looks like the main driver right now.
Worth tracking how it holds up once the initial excitement settles.
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