Bloom Energy Corporation
Company Name | Bloom Energy Corporation |
Stock Symbol | BE |
Class Period | July 26, 2018 to September 16, 2019 |
Lead Plaintiff Motion Deadline | January 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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