Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Bloom Energy Corporation Investors

LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24BE&src=ctag” target=”_blank”gt;$BElt;/agt; lt;a href=”https://twitter.com/hashtag/CLASSACTION?src=hash” target=”_blank”gt;#CLASSACTIONlt;/agt;–Glancy
Prongay & Murray LLP (“GPM”), a national investors rights law
firm, announces that a class action lawsuit has been filed on behalf of
investors that acquired Bloom Energy Corporation (“Bloom Energy” or the
“Company”) (NYSE: BE)
securities pursuant and/or traceable to the registration statement and
prospectus (collectively, the “Registration Statement”) issued in
connection with the Company’s July 2018 initial public offering (“IPO”
or the “Offering”). Bloom Energy investors have until July 29, 2019 to
file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here
to participate.

If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, at
310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com,
or visit our website at www.glancylaw.com.

In July 2018, Bloom Energy completed its initial public offering
(“IPO”), issuing approximately 18 million shares of common stock priced
at $15 per share. On November 5, 2018, Bloom Energy revealed that it had
only delivered 206 system deployments (i.e., “acceptances”) for
third quarter 2018, significantly below its previously-issued guidance
of 215 to 235 acceptances. For fourth quarter 2018, the Company expected
only 225 to 275 acceptances, well below the more than 300 acceptances
that analysts expected.

On this news, the Company’s share price fell $5.76 per share, more than
25%, to close at $17.25 per share on November 6, 2018, thereby injuring
investors. Since the IPO, Bloom Energy’s stock has traded as low as
$9.21 per share, significantly below the $15 offering price.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) Bloom Energy was
experiencing material construction delays that would cause system
deployments to fall significantly, even below the low end of Bloom
Energy’s previously announced guidance; and (2) as a result of the
foregoing, defendants’ positive statements in the Registration Statement
about Bloom Energy’s business, operations, and prospects were materially
misleading and/or lacked a reasonable basis.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased shares of Bloom Energy during the Class Period you may
move the Court no later than July 29, 2019 to ask the
Court to appoint you as lead plaintiff. To be a member of the Class you
need not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class. If
you wish to learn more about this action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925
Century Park East, Suite 2100, Los Angeles California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
www.glancylaw.com
shareholders@glancylaw.com