Bloom Energy takes first step in stock offering

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Bloom Energy Corporation announced it has publicly filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock.

Silicon Valley-based Bloom has a manufacturing site on the University of Delaware’s STAR campus. The plant manufactures fuel cells that are typically powered by natural gas. 

The fuel cells have been used in data centers and at Silicon Valley companies with large tax incentives.

Any stock offering is expected to offer some insight into  Bloom, which has long been secretive about its finances. The filing indicated that Bloom has posted losses in 2016 and 2017l.

The number of shares to be offered and the price range for the proposed offering have not been determined. Bloom Energy intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol “BE”.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective, a company release stated. 
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