BLOOM ENERGY CORPORATION INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a  securities  class  action  lawsuit  has  been  filed  in  the  United States District for the Northern District of California against Bloom Ener

NEW YORK, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP  announces that a   federal securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Bloom Energy Corporation ("Bloom" or the "Company") (NYSE: BE) and certain of its officers, on behalf of shareholders who:

• purchased or otherwise acquired Bloom securities pursuant and/or traceable to Bloom's Registration Statement issued in connection with Bloom's July 2018 initial public stock offering (the "IPO" or "Offering"); or
   
• purchased the publicly traded securities of Bloom between July 26, 2018 and September 16, 2019 (the "Class Period").

All investors who purchased shares of Bloom Energy Corporation and incurred losses are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If you have incurred losses in the shares of Bloom Energy Corporation, you  may, no later than January 3, 2020, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of Bloom Energy Corporation.

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The filed Complaint alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:

• Bloom's technology produced emissions comparable to that of a modern natural gas plant;
   
• Bloom's estimates of useful life for its energy servers and fuel cells were inaccurate;
   
• Bloom used misleading accounting to mask the effect of future servicing expenses;
   
• consequently, Bloom will potentially be liable for up to $2.2 billion in undisclosed servicing liabilities; and
   
• as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
   

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774

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