NEW YORK, NY / ACCESSWIRE / March 21, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bloom Energy Corporation("Bloom" or the "Company") (BE) Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/be.
The investigation concerns whether Bloomand certain of its officers and/or directors have violated federal securities laws.
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.
If you are aware of any facts relating to this investigation, or purchased Bloomshares,you can assist this investigation by visiting the firm's site: www.bgandg.com/be. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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