(BE) Alert: Johnson Fistel Launches Investigation into Bloom Energy; Company Required to Restate Three Years of Financial Statements

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Feb 12, 2020, 19:18 ET

SAN DIEGO, Feb. 12, 2020 /PRNewswire/ --

Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Bloom Energy Corporation ("Bloom Energy") (NYSE: BE) for violations of federal securities laws.

On February 12, 2020, Bloom announced it would restate more than three years of financial statements due to miscalculations. The company said that the change would have a material effect on five quarters of results, from the second quarter of 2018 to the third quarter of 2019. In total, it is expected to decrease all revenue collected from the beginning of 2016 through the third quarter of 2019.

Following this news, shares of Bloom shares were down over 21% in after-market trading on February 12, 2020.

If you have information that could assist in this investigation, including past employees and others, or if you are a Bloom shareholder and are interested in learning more about the investigation, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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SOURCE Johnson Fistel, LLP