Bloom Energy shares are trading lower after the company announced a private offering of $250 million green convertible senior notes due 2029 to qualified institutional buyers.
Portfolio Pulse from Benzinga Newsdesk
Bloom Energy shares are trading lower following the announcement of a $250 million private offering of green convertible senior notes due 2029 to qualified institutional buyers.
May 22, 2024 | 8:59 pm
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Bloom Energy shares are trading lower after the company announced a $250 million private offering of green convertible senior notes due 2029 to qualified institutional buyers.
The announcement of a $250 million private offering of green convertible senior notes suggests potential dilution of existing shares, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100