Bloom Energy faces securities class action over alleged Chinese scandium sourcing disclosures

  • Robbins Geller announced a securities class action against Bloom Energy and certain executives.
  • Bloom Energy shares fell nearly 6% after Hunterbrook Media published its July 8 report.
  • Investors have until September 28, 2026, to seek lead plaintiff appointment.

Bloom Energy Corporation faces a securities class action alleging that the company and certain executives misled investors about its reliance on scandium sourced from China. The lawsuit, Nevins v. Bloom Energy Corporation, No. 26-cv-07944, was filed in the U.S. District Court for the Northern District of California and concerns securities purchased between February 27, 2025, and July 8, 2026, inclusive. The complaint alleges that Bloom Energy obtained scandium through intermediaries sourcing the metal from China, understated that exposure and consequently made materially misleading statements about its business, operations and prospects. The allegations followed a July 8 Hunterbrook Media report that identified four China-linked routes into Bloom Energy’s supply chain. Bloom Energy shares fell nearly 6% after the report, according to the complaint. Investors have until September 28, 2026, to seek appointment as lead plaintiff; participation in any potential recovery does not depend on holding that role.

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