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Bloom Energy Corporation

Company NameBloom Energy Corporation
Stock SymbolBE
Class PeriodJuly 26, 2018 to September 16, 2019
Lead Plaintiff Motion DeadlineJanuary 03, 2020

On September 17, 2019, Hindenburg Research published a scathing report about Bloom Energy, alleging $2.2 billion in undisclosed service liabilities and claiming that the Company’s technology is “not sustainable, clean, green or remotely profitable.” Hindenburg also accused the Company of having an estimated $2.2 billion in undisclosed servicing liabilities and using “tricky accounting . . . to avoid recognizing major recent additional losses.”

On this news, Bloom Energy’s share price fell $0.88, or 21%, to close at $3.31 per share on September 17, 2019, thereby injuring investors

 

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