Law firm files Bloom Energy class action over alleged China scandium reliance

Robbins LLP said a securities class action has been filed on behalf of investors who purchased or otherwise acquired Bloom Energy Corporation securities between February 27, 2025 and July 8, 2026, alleging the company misled investors about its reliance on scandium sourced from China through intermediaries. The lawsuit alleges Bloom Energy obtained scandium through intermediaries who sourced the metal from China and understated the extent of that dependence. The complaint says the company repeatedly told investors its supply chain did not have significant exposure to China and that it was not dependent on China for scandium. The filing cites statements made in SEC reports, earnings commentary, media interviews and a company blog post between February 2025 and July 2026. It says the case followed a July 8, 2026 Hunterbrook Media report titled "Bloom's Big Lie," which alleged Bloom was reliant on Chinese scandium, identified four trade routes showing Chinese material in Bloom's supply chain through intermediary countries, and said Bloom received scandium directly from China on four occasions between August 2023 and May 2024. Bloom shares fell $15.28, or 5.7%, to close at $254.29 on the news. Investors have until September 28, 2026 to seek appointment as lead plaintiff.