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Bloom Energy to Join S&P 500, Replacing Molson Coors

9/9/2026

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Summary

Bloom Energy Joins

Bloom Energy will join the S&P 500 on 2026/09/21, replacing Molson Coors.
UBS raised its Bloom Energy price target to $325 from $300, maintaining a Buy rating.
Jefferies increased its target to $229 from $188 while keeping a Hold stance.
Bloom Energy launched Power Connect, cutting onsite installation time for data centers by over 40%.
Quarterly revenue topped $1.06 billion, net income $196 million, free cash flow $175 million.

Summary

BMO ZSP Risks

BMO's S&P 500 ETF (ZSP) holds tens of billions and charges a 0.09% fee.
ZSP units are unhedged, making returns follow CAD/USD exchange changes.
ZSP’s top holdings cluster in a few mega-cap tech stocks, raising AI risk.
BlackRock's iShares Core S&P 500 ETF (XUS) manages about $9 billion and charges a 0.10% fee.
Both ETFs face September volatility because of the Federal Reserve’s hawkish stance and inflation.

History

Historical Context

State Street Global Advisors and the American Stock Exchange launched the SPDR S&P 500 ETF (ticker SPY) on January 22 1993, issuing 150,000 units that began trading a week later. As the first U.S. ETF, SPY showed index-tracking securities could scale, later reaching $500 billion AUM in 2024 and prompting widespread adoption of passive vehicles by firms such as BMO and BlackRock.

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Bloom Energy Joins

Bloom Energy will join the S&P 500 on 2026/09/21, replacing Molson Coors.
UBS raised its Bloom Energy price target to $325 from $300, maintaining a Buy rating.
Jefferies increased its target to $229 from $188 while keeping a Hold stance.
Bloom Energy launched Power Connect, cutting onsite installation time for data centers by over 40%.
Quarterly revenue topped $1.06 billion, net income $196 million, free cash flow $175 million.

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