Bloom Energy Corporation
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Bloom Energy Corporation |
Stock Symbol : | NYSE: BE |
Class Period Start: | 07/01/2018 |
Class Period End: | 11/05/2018 |
Lead Plaintiff motion: | 07/29/2019 |
Date Filed: | 05/28/2019 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the July 29, 2019 lead plaintiff deadline in a class action lawsuit filed against Bloom Energy Corporation (NYSE: BE) (“Bloom Energy Corporation” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Bloom Energy Corporation securities pursuant to and/or traceable to the Company's Initial Public Offering in July 2018 (the "IPO"), have until July 29, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Bloom Energy Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Bloom Energy was experiencing material construction delays that would cause system deployments to fall significantly, even below the low end of Bloom Energy’s previously announced guidance; and as a result of the foregoing, defendants’ positive statements in the Registration Statement about Bloom Energy’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. In July 2018, the Company completed its initial public offering (“IPO”), issuing approximately 18 million shares of common stock priced at $15 per share. On November 5, 2018, the Company revealed that it had only delivered 206 system deployments (i.e., “acceptances”) for third quarter 2018, significantly below its previously-issued guidance of 215 to 235 acceptances. For fourth quarter 2018, the Company expected only 225 to 275 acceptances, well below the more than 300 acceptances that analysts expected. Following this news, NYSE: BE fell more than 25%, to close at $17.25 per share on November 6, 2018. If you were negatively impacted by your investment in Bloom Energy Corporation securities pursuant to and/or traceable to the Company's Initial Public Offering in July 2018 (the "IPO") and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |