Bloom Energy was just named to the S&P 500. These other stocks are joining the index as well.

S&P Dow Jones Indices named Bloom Energy as an incoming S&P 500 constituent in its latest reshuffle, according to MarketWatch. Molson Coors Beverage, Builders FirstSource and Trade Desk were identified as stocks leaving the benchmark. The change affects index membership rather than the companies’ underlying businesses, and the report does not provide the effective date or the full list of additions beyond Bloom Energy.

The index move arrives against different recent operating trajectories. Bloom Energy reported FY 2025 revenue of $2.0B, up 37.3% YoY, but remained loss-making, with a -4.3% net margin and diluted EPS of $-0.37. Molson Coors reported $13.0B of revenue, down 5.1% YoY, alongside a -16.4% net margin and diluted EPS of $-10.75. Builders FirstSource generated $15.2B of revenue, down 7.4% YoY, while posting a 2.9% net margin and diluted EPS of $3.89.

For BE, index inclusion can create mechanical buying from funds that track the S&P 500, adding a near-term flow event to a business already showing strong reported revenue growth. The company’s 29.0% gross margin and negative net margin make the earnings-quality question distinct from the index-flow story. TAP’s removal intersects with a declining revenue line and negative reported profitability, while BLDR’s exit affects a company that remains profitable despite lower revenue. Trade Desk is named in the report as another deletion, but no operating enrichment was supplied for TTD.

The index announcement does not establish that Bloom Energy’s revenue growth will persist or that the departing stocks’ businesses have deteriorated because of the reshuffle. It also does not quantify passive assets tracking the index, the number of shares to be bought or sold, or the effective date of the changes. Those omissions limit how precisely the immediate trading impact can be sized.

The next facts to watch are the formal effective date and any subsequent filing or company update that clarifies operating momentum. For BE, the key figures are revenue growth, the -4.3% net margin and diluted EPS of $-0.37; for TAP, future revenue and profitability against $13.0B of revenue and a -16.4% net margin; and for BLDR, whether profitability holds after $15.2B of revenue and a 2.9% net margin. The announcement therefore sets up a defined index-flow event, with the fundamental follow-through still unresolved.