Bloom Energy (BE) Chinese Scandium Supply Chain Case

• $BE stockholder filed a claim against Bloom Energy for claiming its supply chain had no significant exposure to China while concealing that it obtained scandium, a critical fuel cell material, through Chinese suppliers routed through intermediaries.

• After a Hunterbrook Media report revealed that Bloom was reliant on Chinese scandium routed through intermediaries in Thailand, Japan, and South Korea, $BE fell 5.7% on July 8, 2026.

• $BE investors can join this case to be notified about potential recovery.

Case Details:

Between February 27, 2025 and July 8, 2026, Bloom Energy and CEO KR Sridhar repeatedly told investors that the Company's supply chain "does not have significant exposure to China" and that Bloom was "not dependent on China for scandium," the rare earth metal used to stabilize the ceramic electrolyte in its fuel cells.

Sridhar stated on multiple occasions that "there is no China supply chain for us" and that Bloom had avoided sourcing from China since as early as 2005.

However, during this period, investors allege Bloom obtained scandium through intermediaries who sourced the material from China, and that the Company understated the extent of its reliance on Chinese scandium.

Then, on July 8, 2026, Hunterbrook Media published a report titled "Bloom's Big Lie," alleging that Bloom was in fact reliant on Chinese scandium and tracing four separate China-linked supply routes into Bloom's supply chain, including scandium oxide shipped directly to its Delaware plant and scandium-bearing ceramics and powders routed through intermediaries in Thailand, Japan, and South Korea.

$BE fell 5.7%, closing at $254.29 per share, down from a Class Period high of $345.85 reached on June 22, 2026.

Based on these events, $BE investors filed a claim against Bloom Energy, alleging the company:

• It overstated the independence of its supply chain from China.

• It hid that it obtained scandium, a critical fuel cell material, through Chinese suppliers routed through intermediary countries.

• It caused investor losses when its reliance on Chinese scandium was revealed.

Investors argue Bloom Energy misled the market about its supply chain independence from China, causing losses when the truth emerged.