Bloom Energy Investors Have Until September 28 to Lead Lawsuit
News related to:Bloom Energy Corporation · 1 min read
SAN DIEGO, Sept. 9, 2026 /CourierPR/ -- Purchasers of Bloom Energy Corporation (NYSE: BE) stocks who bought between February 27, 2025, and July 8, 2026, have until September 28, 2026, to seek appointment as lead plaintiff in a class action lawsuit. The lawsuit, captioned Nevins v. Bloom Energy Corporation, No. 26-cv-07944 (N.D. Cal.), alleges that Bloom Energy and certain of its executives violated the Securities Exchange Act of 1934.
According to the complaint, Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. The company uses scandium, a rare earth metal, as a dopant to stabilize the zirconia-based ceramic electrolyte in its fuel cells. The lawsuit alleges that defendants throughout the class period made false and/or misleading statements, or failed to disclose that Bloom Energy obtained scandium through intermediaries who sourced the metal from China. This, the complaint states, understated the extent to which Bloom Energy relied on scandium from China.
On July 8, 2026, at approximately 1:00 p.m. EST, Hunterbrook Media published a report titled "Bloom's Big Lie," which alleged that Bloom Energy was, in fact, reliant on Chinese scandium. The report, based on global trade data, Chinese corporate filings, and satellite imagery, traced four separate China-linked routes into Bloom's supply chain, including scandium oxide shipped directly to its Delaware plant and scandium-bearing ceramics and powders flowing through intermediaries in Thailand, Japan, and South Korea. This news caused the price of Bloom Energy stock to fall nearly 6% on that day.
Robbins Geller Rudman & Dowd LLP, a law firm that has ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, is leading the lawsuit. The firm has recovered more than $916 million for investors in 2025, with its attorneys having obtained many of the largest securities class action recoveries in history, including the largest ever, $7.2 billion, in In re Enron Corp. Sec. Litig.