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The latest announcement is out from Bloom Energy ( (BE) ).
Bloom Energy’s Board of Directors has decided to cancel 1,150,000 performance-based stock units from the equity package previously awarded to Dr. Sridhar, aligning with the company’s updated strategic priorities. In place of the 2021 PSUs, a new equity package has been approved, offering Dr. Sridhar a front-loaded three-year equity award and a one-time grant, aimed at incentivizing performance aligned with the company’s goals and retaining his leadership through 2027.
More about Bloom Energy
Bloom Energy Corporation operates in the clean energy industry, providing innovative solutions for electricity generation through its solid oxide fuel cell technology. The company focuses on delivering reliable and efficient power supply to various sectors, including AI data centers, industrial, and utility customers.
YTD Price Performance: 54.59%
Average Trading Volume: 8,425,616
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.23B
See more data about BE stock on TipRanks’ Stock Analysis page.
