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Bloom Energy Priced, NYSE: BE

Sells clean energy power generators based on solid oxide fuel cell technology.

Industry: Industrials

First Day Return: +66.7%

Industry: Industrials

Our mission is to make clean, reliable, and affordable energy for everyone in the world. We have developed a distributed, on-site electric power solution that is redefining the $2.4 trillion electric power market and transforming how power is generated and delivered. The commercial and industrial segments are our initial focus. The Bloom Energy Server, is a stationary power generation platform built for the digital age and capable of delivering highly reliable, uninterrupted, constant power that is also clean and sustainable. The Bloom Energy Server converts standard low-pressure natural gas into electricity through an electrochemical process without combustion, resulting in very high conversion efficiencies and lower harmful emissions than conventional fossil fuel generation. A typical configuration is approximately 125 times more space-efficient than solar power generation. Some of our largest customers are AT&T, Caltech, Delmarva Power & Light Company, Equinix, The Home Depot, Kaiser Permanente and The Wonderful Company. We also work actively with financing partners, such as The Southern Company, that purchase our systems that are deployed at end customers' facilities in order to provide the electricity as a service. Our customer base included 25 of the Fortune 100 companies as of March 31, 2018.
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IPO Data
IPO File Date 06/12/2018
Offer Price $15.00
Price Range $13.00 - $15.00
Offer Shares (mm) 18.0
Deal Size ($mm) $270
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/24/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $270
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Sunnyvale, CA, United States
Founded 2001
Employees at IPO 1,409
Website www.bloomenergy.com

Bloom Energy (BE) Performance