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home / articles / BE - What's Going On With Bloom Energy (BE) Stock? | Benzinga

BE - What's Going On With Bloom Energy (BE) Stock? | Benzinga

Bloom Energy Corporation Class A

Bloom Energy Corp (NYSE:BE) shares are trading lower by roughly 3.29% to $16.44 during Thursday’s session after the company announced a private offering of $250 million green convertible senior notes due 2029 to qualified institutional buyers.

The company may also sell an additional $37.5 million in notes. These senior, unsecured notes will accrue interest semi-annually and mature on June 1, 2029. Noteholders can convert their notes under specific conditions, and Bloom Energy can redeem the notes for cash starting June 7, 2027, if certain conditions are met. The interest rate and conversion rate will be set at the ...

BE) Stock?>Full story available on Benzinga.com
Stock Information
Company Name: Bloom Energy Corporation Class A
Stock Symbol: BE
Market: NYSE
Website: bloomenergy.com
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