Bloom Energy Investors Seek Class Status in Suit Over 2018 IPO

Bloom Energy Corp. investors who say the company misled them ahead of its 2018 initial public offering asked a federal judge in California for permission to pursue their securities suit as a class.

Investors accuse the fuel-cell manufacturer of making misleading statements about construction delays and the efficiency of its technology. The dispute is “ideally suited for class treatment,” the investors said in a memo filed as part of their class certification bid in the U.S. District Court for the Northern District of California.

Judge Haywood S. Gilliam Jr. in 2021 rejected investor allegations of Exchange Act violations but allowed ...