SAN DIEGO, Sept. 18, 2026 /PRNewswire/ — Robbins LLP reminds investors that a securities class action has been filed on behalf of all persons and entities that purchased or otherwise acquired Bloom Energy Corporation (NYSE: BE) securities between February 27, 2025 and July 8, 2026 (the “Class Period”). Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. Scandium is a rare earth metal used as a dopant to stabilize the zirconia-based ceramic electrolyte in the Company’s solid oxide fuel cells.
The lawsuit alleges that Bloom Energy misled investors regarding the source of its materials.
Investors who suffered losses during the Class Period may have legal rights. The deadline to seek appointment as lead plaintiff is September 28, 2026.
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Why Was Bloom Energy Sued?
According to the complaint, Bloom Energy described the Company’s supply chain as not being dependent on China. The lawsuit alleges that Bloom Energy and certain defendants failed to adequately disclose that the Company was in fact reliant on Chinese scandium.
According to plaintiff, defendants failed to disclose that:
(1) Bloom Energy obtained scandium through intermediaries who sourced the metal from China;
(2) the Company understated the extent to which it relied on scandium from China; and
(3) as a result, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Why Did BE Stock Collapse?
This complaint alleges that the collapse of Bloom Energy’s stock followed the publication of an article by Hunterbrook Media entitled “Bloom’s Big Lie.” The Report alleged that Bloom Energy is “in fact, reliant on Chinese scandium.”
Hunterbrook “found four separate trade routes that appear to show Chinese scandium is still part of Bloom’s supply chain, and the material is reaching the U.S. through intermediary countries.” Based on conversations with a major scandium producer in China (who claimed to be Bloom Energy’s largest supplier) and commercially available trade data, the Report claimed that Bloom Energy received scandium directly from China on 4 occasions between August 2023 and May 2024.”
On this news, Bloom’s stock price fell $15.28, or 5.7%, to close at $254.29 per share on July 8, 2026.
What Is a Lead Plaintiff?
The lead plaintiff is the investor appointed by the court to represent the interests of the proposed class throughout the litigation. If you are interested in seeking appointment as lead plaintiff, you must submit your papers with the court by September 28, 2026. Investors do not have to serve as lead plaintiff to potentially share in any recovery if the lawsuit is successful.
Does It Cost Anything to Participate?
No. Robbins LLP represents investors on a contingency fee basis.
Why Robbins LLP?
A recognized leader in shareholder rights litigation, Robbins LLP has helped restore more than $1 billion in value to shareholders and secured some of the largest recoveries in shareholder derivative litigation history.
“Behind everything we do is the belief that companies should be governed responsibly, fiduciaries should be held accountable, and shareholders deserve transparency and fairness,” said Brian J. Robbins, Founding Partner of Robbins LLP.
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Contact Robbins LLP
Investors seeking additional information about the Bloom Energy securities class action may submit an inquiry through Robbins LLP’s website, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
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SOURCE Robbins LLP
