Bloom Energy Beats Part of Investors’ Suit on 2018 IPO, for Now

Bloom Energy Corp. got some claims trimmed in a securities suit over its 2018 initial public offering, but investors have permission to amend their complaint and try again, a federal judge in California said.

Investors accuse the fuel-cell manufacturer of misleading them about construction delays and fuel-cell life cycles ahead of the IPO. But they sufficiently alleged only some of their Securities Act claims, and all of their Exchange Act claims fell short, the U.S. District Court for the Northern District of California said.

The investors failed to plead that some of the statements they challenged under the Securities ...