Utilities Fall as Bond Yields Rise -- Utilities Roundup
Utilities shares, considered bond proxies because of their relatively hefty dividends, fell.
Bloom Energy Corp., which makes large power generators for customers like data centers and hospitals, said it expects to raise roughly $229.8 million in its initial public offering. The company said in a filing Monday it expects to sell 18 million shares for $13 to $15 each. ([email protected])