Investors Sue Bloom Energy Over Chinese Scandium Sourcing

Multiple law firms have filed securities class action lawsuits against Bloom Energy Corporation and its executives for alleged violations of the Securities Exchange Act of 1934. The litigation centers on claims that the company made materially false and misleading statements by concealing its reliance on scandium sourced from China via intermediaries in Japan, South Korea, and Thailand.

The legal actions follow a July 8, 2026, report by short-seller Hunterbrook Media titled "Bloom's Big Lie," which asserted that the company remained dependent on Chinese materials despite public assertions to the contrary. Following the report, Bloom Energy's stock price dropped between 5.7% and 6%. The class period for the lawsuits is defined as February 27, 2025, to July 8, 2026.

While the company recently reported quarterly earnings that exceeded analyst expectations, Director John Chambers sold 15,000 shares of company stock on August 3, 2026. Affected investors have until September 28, 2026, to seek appointment as lead plaintiff in the various filings led by firms including Robbins Geller Rudman & Dowd LLP, Levi & Korsinsky, LLP, and The Rosen Law Firm.