Bloom Energy class action over Chinese scandium

Bloom Energy Corporation faces a securities class action lawsuit filed by Robbins Geller Rudman & Dowd LLP LLP on behalf of investors who purchased Bloom Energy securities between February 27, 2025 and July 8, 2026. The lawsuit, captioned Nevins v. Bloom Energy Corporation, No. 26-cv-07944 (N.D. Cal.), alleges that Bloom Energy and certain top executives violated the Securities Exchange Act of 1934 by making false and misleading statements and failing to disclose that the company obtained scandium through intermediaries who sourced the metal from China, thereby understating its reliance on Chinese scandium. The complaint cites a July 8, 2026 report by Hunterbrook Media titled 'Bloom's Big Lie,' which allegedly traced four China-linked routes into Bloom's supply chain, including direct shipments of scandium oxide to its Delaware plant and scandium-bearing ceramics and powders flowing through intermediaries in Thailand, Japan, and South Korea. Following the report, Bloom Energy's stock price fell nearly 6%. Investors have until September 28, 2026 to seek appointment as lead plaintiff.