The inquiry follows a Hunterbrook report alleging Bloom relied on Chinese scandium despite prior statements about having no China supply chain, after shares fell 5.7% to $254.29.
The Law Offices of Howard G. Smith said it is investigating Bloom Energy Corporation over possible federal securities law violations tied to claims about the company’s supply chain. The inquiry follows a July 8, 2026 Hunterbrook report that alleged Bloom, despite repeatedly saying it had “no China supply chain” and was “not dependent on China for scandium,” was actually reliant on C5 Chinese scandium, a rare earth used at the core of each Bloom fuel cell. Hunterbrook said its conclusions were based on global trade data, Chinese corporate filings, satellite imagery and messages with Bloom’s suppliers in China. Bloom shares fell $15.28, or 5.7%, to close at $254.29 on July 8, 2026, which the law firm said injured investors.