Bloom Energy Corp. (BE) Falls 19% on Restatement

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Bloom Energy Provides Update on Timing of Fourth Quarter and Full Year 2019 Earnings Report and Announces Restatement of Certain Financial Statements

February 12, 2020 4:15 PM EST

Earnings Conference Call to be Held on or Before March 16, 2020

SAN JOSE, Calif.--(BUSINESS WIRE)-- Bloom Energy (NYSE: BE) today announced that the Company expects to present its fourth quarter and full year results on or before March 16, 2020 and to file its Annual Report on Form 10-K for the year ended December 31, 2019 in compliance with the required filing deadline.

The Company also announced it will restate certain prior period financial statements due to an accounting error related to its Managed Services Agreements (MSAs). MSAs are one of... More