NEW YORK, March 21, 2019 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Bloom Energy Corporation ("Bloom Energy" or the
"Company") (NYSE: BE). Such investors are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or
888-476-6529, ext. 9980.
The investigation concerns whether Bloom Energy and certain of its officers and/or directors have engaged in securities fraud
or other unlawful business practices.
[Click here to join a class action]
In July 2018, Bloom Energy completed its initial public offering (the "IPO"), issuing
approximately 18 million shares of common stock priced at $15 per share and raising approximately
$284.3 million in net proceeds. On November 5, 2018, Bloom
Energy announced that it had delivered only 206 system deployments (i.e., "acceptances") for the quarter, significantly
below even the low end of its previously provided guidance of 215 to 235 acceptances. In addition, the Company provided
guidance of only 225 to 275 acceptances for the fourth quarter of 2018, well below the more than 300 acceptances that analysts
expected.
Following this news, Bloom Energy's stock price fell $5.76 per share, or 25.03%, to close at
$17.25 per share on November 6, 2018. Since the IPO, Bloom
Energy's stock has traded as low as $9.21 per share, significantly below the $15 offering price.
The Pomerantz Firm, with offices in New York, Chicago,
Los Angeles, and Paris, is acknowledged as one of the premier
firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham
L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights
of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com