Class Action Sued Bloom Energy Over Scandium Sourcing Allegations
News related to:Bloom Energy Corporation · 2 min read
NEW YORK, Sept. 21, 2026 /CourierPR/ -- Kaplan Fox & Kilsheimer LLP has announced that a class action lawsuit has been filed against Bloom Energy Corporation (NYSE: BE) on behalf of investors who purchased or otherwise acquired the company's securities between February 27, 2025, and July 8, 2026. The lawsuit alleges that the company understated its reliance on scandium sourced from China, which is critical to its operations.
According to the complaint, on July 8, 2026, at approximately 1:00 p.m. EST, Hunterbrook Media published a report alleging that Bloom Energy is reliant on Chinese scandium, based on global trade data, Chinese corporate filings, and satellite imagery. The complaint further states that throughout the Class Period, Bloom Energy made false and/or misleading statements and/or failed to disclose that it obtained scandium through intermediaries who sourced the metal from China.
Kaplan Fox & Kilsheimer LLP, a nationally recognized law firm with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey, is handling the case. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
The firm is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Kaplan Fox has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America, the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act, $800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
The deadline for those who are members of the proposed Class to move the court to serve as a lead plaintiff is September 28, 2026. If you have losses, the firm encourages you to contact them to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.