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Bloom Energy faces class action over alleged concealment of Chinese scandium reliance, stock drops 6%.

Market News
31 Jul 2026
PRNewsWire
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Bearish
Bloom Energy faces class action over alleged concealment of Chinese scandium reliance, stock drops 6%.

Bloom Energy Corporation is subject to a class action lawsuit alleging it misled investors by concealing its reliance on scandium sourced from China through intermediaries. The lawsuit claims Bloom Energy made false or misleading statements about its business and supply chain, which impacted its stock price, dropping nearly 6% after a critical report was published. Investors who bought Bloom Energy securities between February 27, 2025, and July 8, 2026, have until September 28, 2026, to seek lead plaintiff status in the case. This legal action could affect investor confidence and the company's reputation going forward.

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