Robbins Geller sets Sept. 28 deadline in Bloom Energy investor suit
The law firm said the suit accuses Bloom Energy and certain executives of misleading investors about scandium sourcing and reliance on China-linked supply chains.
Robbins Geller Rudman & Dowd LLP said investors who bought or acquired Bloom Energy Corp. securities between Feb. 27, 2025, and July 8, 2026, have until Monday, Sept. 28, 2026, to ask a federal court to appoint them lead plaintiff in a securities class action.
The law firm said the case, Nevins v. Bloom Energy Corporation, No. 26-cv-07944, was filed in the U.S. District Court for the Northern District of California. The complaint alleges Bloom Energy and certain top executives violated the Securities Exchange Act of 1934. Bloom Energy makes solid oxide fuel cell systems used for on-site power generation in the U.S. and abroad, according to the press release.
The complaint centers on allegations that Bloom Energy did not fully disclose how it sourced scandium, a rare earth metal used as a dopant in its fuel cells. It says the company obtained scandium through intermediaries that sourced the metal from China and understated how much it relied on Chinese supply. It also says statements about Bloom Energy’s business, operations and outlook were materially misleading or lacked a reasonable basis.
Robbins Geller tied the allegations to a report published by Hunterbrook Media on July 8, 2026, titled Bloom's Big Lie. The release says the report relied on trade data, Chinese corporate filings, satellite imagery and messages with Bloom suppliers in China, and alleged four China-linked routes into Bloom’s supply chain. Those routes included scandium oxide shipped directly to Bloom’s Delaware plant and scandium-bearing ceramics and powders moving through intermediaries in Thailand, Japan and South Korea, according to the complaint.
The press release said Bloom Energy stock fell nearly 6% after the report, citing the complaint. It also identified attorneys Ken Dolitsky and Michael Albert as contacts for investors with substantial losses who may want to seek appointment as lead plaintiff.
Investors who meet the filing criteria have until Sept. 28 to move for lead-plaintiff status. The complaint’s claims remain allegations, and no court has ruled on them, according to the law-firm filing.
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