Faruqi & Faruqi says it is investigating Bloom Energy over scandium supply claims
Faruqi & Faruqi says it is investigating Bloom Energy and notes that Sept. 28, 2026, is the deadline to seek lead-plaintiff status in a federal securities class action tied to allegations about scandium sourcing and China-linked supply chains.
Faruqi & Faruqi, LLP said on Sept. 4, 2026, that it is investigating Bloom Energy Corp. and reminded investors that Sept. 28, 2026, is the deadline to seek appointment as lead plaintiff in a federal securities class action.
The notice says the case concerns allegations that Bloom and certain executives made false or misleading statements, or failed to disclose details, about scandium sourcing and reliance on suppliers linked to China.
According to the notice, the complaint alleges Bloom Energy obtained scandium through intermediaries that sourced the metal from China, understated the extent of its reliance on scandium from China, and made positive statements about its business, operations and prospects that were materially misleading or lacked a reasonable basis.
The notice also says Hunterbrook Media published a report on July 8, 2026, at about 1 p.m. EDT, alleging Bloom relied on Chinese scandium. Faruqi & Faruqi said Hunterbrook cited global trade data, Chinese corporate filings, satellite imagery and messages with Bloom suppliers in China.
Faruqi & Faruqi said Hunterbrook traced four China-linked routes into Bloom’s supply chain. Those included scandium oxide shipped directly to Bloom’s Delaware plant and scandium-bearing ceramics and powders routed through intermediaries in Thailand, Japan and South Korea, according to the notice.
The PR Newswire release says Bloom’s stock fell $15.28, or 5.7%, to close at $254.29 on July 8, 2026, after the report was published.
The firm said any member of the putative class may ask the court to serve as lead plaintiff or choose to remain an absent class member. It also provided a case webpage and contact details for partner James (Josh) Wilson.
Bloom Energy was not quoted in the notice, and the PR Newswire item did not include a company response.
The next date named in the notice is Sept. 28, 2026, when investors must seek lead-plaintiff status if they want to be considered for that role in the federal case.
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