October 27, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Blue Earth Inc (NASDAQ:BBLU) shares over potential securities laws violations by Blue Earth Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Blue Earth Inc (NASDAQ:BBLU) concerning whether a series of statements by Blue Earth Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Blue Earth Inc reported that its annual Total Revenue rose from $4.91 million in 2011 to $10.31 million in 2013 while its Net Loss increased from $14.00 million in 2011 to $25.47 million in 2013. Shares of Blue Earth Inc (NASDAQ:BBLU) grew from $0.95 per share in March 2013 to as high as $3.77 per share in September 2014.

Then on October 21, 2014 an analyst report disclosed that there is evidence of a current law enforcement investigation of Blue Earth Inc, that Blue Earth Inc has engaged stock promoters who have improperly touted its stock, and that there are multiple red flags regarding the Companys past and present auditors.

Shares of Blue Earth Inc (NASDAQ:BBLU) declined from $3.77 per share in late September 2014 to as low as $1.00 per share on October 21, 2014.