Bloom Energy investors asked to lead securities fraud lawsuit over scandium claims
A law firm says Bloom Energy investors who lost money may seek to lead a securities fraud class action tied to alleged disclosures about scandium sourcing.
A law firm says Bloom Energy investors who lost money may seek to lead a securities fraud class action tied to alleged disclosures about scandium sourcing.
Investors in Bloom Energy Corp. who suffered losses are being asked to contact the Law Offices of Howard G. Smith before Sept. 28, 2026, according to a PR Newswire announcement dated Sept. 3, 2026. The firm said the request relates to an ongoing securities fraud lawsuit.
The press release says the class action complaint alleges that between Feb. 27, 2025 and July 8, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts. The alleged undisclosed facts include that Bloom Energy obtained scandium through intermediaries that sourced the metal from China, that the company understated how much it relied on scandium from China, and that its positive statements were therefore misleading or lacked a reasonable basis.
The release identifies Bloom Energy Corporation by its ticker symbol, BE, and says class members do not need to take action right away. It also says investors may retain counsel of their choice or do nothing and remain absent members of the class action.
The announcement is a law-firm solicitation and says it may be considered attorney advertising in some jurisdictions. The release includes contact details for the firm in Bensalem, Pennsylvania, along with a phone number, email address and website.
The notice does not include a court ruling or any response from Bloom Energy.
What happens next is set by the lead plaintiff deadline named in the notice: Sept. 28, 2026. The release says investors who believe they were harmed may contact the firm before then.
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