After already looking to go public for many years, leading stationary power generation system provider Bloom Energy (BE) finally managed to conduct its IPO on the NYSE in July 2018, selling 20.7 million shares for net proceeds of $282.3 million.
With annual sales expected to cross the $1 billion mark in FY2020 and a market capitalization of $1.55 billion, the company is, by far, the largest US-exchange listed fuel cell pure play.
Source: Author's own work
The company's Bloom Energy Server is based on so-called solid oxide fuel cell technology ("SOFC") which converts