Securities Class Action Filed Against Bloom Energy Over Scandium Allegations
News related to:Bloom Energy Corporation · 2 min read
Robbins LLP has announced that a securities class action has been filed against Bloom Energy Corporation on behalf of investors who purchased the company's securities between February 27, 2025, and July 8, 2026. The lawsuit alleges that Bloom Energy misled investors regarding the source of its materials, specifically its reliance on scandium from China.
According to the complaint, Bloom Energy stated multiple times during the class period that its supply chain did not have significant exposure to China. This included statements in its annual and quarterly reports, as well as in media interviews. For instance, in its 2025 annual report and subsequent quarterly filings, the company claimed it was not dependent on China for its scandium needs. However, the lawsuit alleges that Bloom Energy obtained scandium through intermediaries who sourced the metal from China, and that the company understated the extent to which it relied on Chinese scandium.
The collapse of Bloom Energy’s stock price, which fell 5.7% to close at $254.29 per share on July 8, 2026, followed the publication of an article by Hunterbrook Media titled "Bloom's Big Lie." The article alleged that Bloom Energy was in fact reliant on Chinese scandium, citing four separate trade routes that showed Chinese scandium was part of Bloom's supply chain. The article claimed that Bloom Energy received scandium directly from China on four occasions between August 2023 and May 2024.
The lawsuit seeks to represent investors who purchased Bloom Energy stock during the applicable class period. Investors who suffered losses during this period may have legal rights. The deadline to seek appointment as lead plaintiff is September 28, 2026. Robbins LLP, a recognized leader in shareholder rights litigation, is representing the investors on a contingency fee basis. Investors do not have to serve as lead plaintiff to potentially share in any recovery if the lawsuit is successful.
If you purchased Bloom Energy stock during the class period and suffered investment losses, you may be eligible for compensation. To learn more or to seek appointment as lead plaintiff, interested parties can submit an inquiry through Robbins LLP’s website or contact the firm directly.