BENSALEM, Pa.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24BE&src=ctag” target=”_blank”gt;$BElt;/agt; lt;a href=”https://twitter.com/hashtag/classaction?src=hash” target=”_blank”gt;#classactionlt;/agt;–Law Offices of Howard G. Smith announces an investigation on behalf of
Bloom Energy Corporation (“Bloom Energy” or the “Company”) (NYSE: BE)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
In July 2018, Bloom Energy completed its initial public offering
(“IPO”), issuing approximately 18 million shares of common stock priced
at $15 per share. On November 5, 2018, Bloom Energy 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.
On this news, the Company’s share price fell $5.76 per share, more than
25%, to close at $17.25 per share on November 6, 2018, thereby injuring
investors. Since the IPO, Bloom Energy’s stock has traded as low as
$9.21 per share, significantly below the $15 offering price.
If you purchased Bloom Energy securities, have information or would like
to learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
