Bloom Energy faces securities class action over alleged Chinese scandium reliance

  • Kaplan Fox announced a securities class action against Bloom Energy Corporation.
  • Investors acquired Bloom Energy securities between February 27, 2025, and July 8, 2026.
  • Investors must seek lead-plaintiff status by September 28, 2026.

Kaplan Fox & Kilsheimer LLP announced that a securities class action has been filed against Bloom Energy Corporation on behalf of investors who purchased or otherwise acquired the company’s securities from February 27, 2025, through July 8, 2026. The complaint alleges Bloom obtained scandium through intermediaries sourcing the metal from China and understated its reliance on Chinese supplies. The allegations follow a July 8, 2026, Hunterbrook Media report that cited trade data, Chinese corporate filings, satellite imagery and communications with Bloom suppliers. Investors seeking appointment as lead plaintiff must move the court by September 28, 2026, although participation in any recovery does not require serving as lead plaintiff. Kaplan Fox said contacting the firm does not create an attorney-client relationship or obligate it to accept an investor as a client.

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