Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Bloom Energy Corporation (NYSE: BE) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Bloom Energy Corporation (NYSE: BE) concerning whether a series of statements by Bloom Energy Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 12, 2020, the Company revealed it would restate more than three years of financial statements due to miscalculations. The company said that the change would have a material effect on five quarters of results, from the second quarter of 2018 to the third quarter of 2019. In total, it is expected to decrease all revenue collected from the beginning of 2016 through the third quarter of 2019.
On this news, NYSE: BE fell over 21% in after-market trading on February 12, 2020.
Based in San Jose, California, and founded in 2001 Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation.
If you purchased shares of Bloom Energy Corporation (NYSE: BE) on or before February 12, 2020, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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