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

Bloom Energy’s inclusion in the S&P 500 marks a notable shift for the fuel-cell maker. Being added to the benchmark index typically increases a stock’s visibility among institutional investors, as index funds tracking the S&P 500 must purchase shares to reflect the new composition. For Bloom Energy, this move underscores its growing market capitalization and the index committee’s recognition of its standing. The S&P 500 is a float-adjusted market-capitalization gauge, so periodic additions and removals are routine as company valuations change.

Meanwhile, Molson Coors Beverage, Builders FirstSource, and The Trade Desk are set to be removed from the index. For these firms, exclusion can pressure share prices in the short term, as passive funds that replicate the index sell their positions. Their departures likely reflect shifts in sector weightings or relative market values compared to new entrants.

For investors, the key takeaway is that index changes are mechanical, driven by eligibility criteria rather than a judgment on business quality. Watching how these stocks trade around the effective date can illustrate how passive money flows shape markets, but the underlying fundamentals of each company remain the primary driver of long-term performance.