Robbins LLP is Investigating Allegations that Bloom Energy Failed to Adequately Disclose the Company Was Reliant on Chinese Scandium

Robbins LLP informs investors that a securities class action has been filed on behalf of all persons and entities that purchased or otherwise acquired Bloom Energy Corporation (NYSE: BE) securities between February 27, 2025 and July 8, 2026 (the "Class Period"). Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. Scandium is a rare earth metal used as a dopant to stabilize the zirconia-based ceramic electrolyte in the Company's solid oxide fuel cells.

Investors who suffered losses during the Class Period may have legal rights and should contact Robbins LLP for information about seeking appointment as lead plaintiff.

Why Was Bloom Energy Sued?

According to the complaint, in multiple instances during the class period, Bloom Energy described the Company's supply chain as not being dependent on China. The lawsuit alleges that Bloom Energy and certain defendants failed to adequately disclose that the Company was in fact reliant on Chinese scandium.

According to plaintiff, defendants failed to disclose that:

(1) Bloom Energy obtained scandium through intermediaries who sourced the metal from China;

(2) as a result, the Company understated the extent to which it relied on scandium from China; and

(3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 Why Did BE Stock Collapse?

This complaint alleges that the collapse of Bloom Energy's stock followed the publication of an article by Hunterbook Media entitled "Bloom's Big Lie." The Report alleged that Bloom Energy is "in fact, reliant on Chinese scandium."

Hunterbrook “found four separate trade routes that appear to show Chinese scandium is still part of Bloom’s supply chain, and the material is reaching the U.S. through intermediary countries.” Based on conversations with a major scandium producer in China (who claimed to be Bloom Energy’s largest supplier) and commercially available trade data, the Report claimed that Bloom Energy received scandium directly from China on 4 occasions between August 2023 and May 2024."

On this news, Bloom’s stock price fell $15.28, or 5.7%, to close at $254.29 per share on July 8, 2026.

Who May Be Eligible?

The lawsuit seeks to represent investors who purchased or otherwise acquired Bloom Energy Corporation (BE) securities during the applicable Class Period. If you purchased Bloom Energy stock during this period and suffered investment losses, you may have rights under the federal securities laws. Submit a form for information.

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