Bloom Energy Climbs 7% as Fuel Cell Bid Spreads Beyond Its S&P 500 Add, FuelCell Energy Rises 4%, Plug Power Inches Higher

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Bloom Energy's S&P 500 add is pulling the sector higher, with BE surging 6% and peer FCEL gaining 4% despite sitting entirely outside the rebalance.

With SPY up just 1%, fuel cell stocks' outsized gains reflect two stacking bids: forced index buying and thematic AI data center power demand.

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Shares of Bloom Energy (NYSE:BE) are climbing in Friday morning trading, up 7% to $276.31 after S&P Dow Jones Indices confirmed the fuel cell maker's addition to the S&P 500. The reaction is spreading beyond Bloom Energy stock into the broader fuel cell group.