Robbins Geller sets Sept. 28 lead-plaintiff deadline in Bloom Energy suit
Robbins Geller says Bloom Energy investors have until Sept. 28, 2026, to seek lead-plaintiff status in a securities class action alleging misleading statements about scandium sourcing and China-linked supply chains.
Robbins Geller says Bloom Energy investors who bought shares during a stated class period have until Sept. 28, 2026, to seek lead-plaintiff status in a securities suit tied to allegations about scandium sourcing and China-linked supply chains.
Robbins Geller Rudman & Dowd LLP said in a PR Newswire release dated Aug. 25, 2026, that purchasers or acquirers of Bloom Energy Corp. securities between Feb. 27, 2025, and July 8, 2026, may ask a federal court to appoint a lead plaintiff in Nevins v. Bloom Energy Corporation, No. 26-cv-07944, in the Northern District of California.
The firm cited a filing deadline of Monday, Sept. 28, 2026. The release says the lawsuit accuses Bloom Energy and certain top executives of violating the Securities Exchange Act of 1934.
The complaint centers on allegations that Bloom Energy gave investors a misleading picture of a material input used in its fuel cells. Bloom Energy designs, manufactures, sells and installs solid oxide fuel cell systems for on-site power generation in the United States and abroad. The release says scandium is a rare earth metal used to stabilize the ceramic electrolyte in those systems.
According to the press release, the complaint alleges Bloom Energy obtained scandium through intermediaries that sourced the metal from China, understated how much it relied on scandium from China, and made positive statements about its business, operations and prospects without a reasonable basis.
The release says Hunterbrook Media published a report titled Bloom's Big Lie on July 8, 2026, at about 1 p.m. EST. Robbins Geller said the report claimed Bloom was reliant on Chinese scandium based on trade data, Chinese corporate filings, satellite imagery and messages with Bloom suppliers in China.
The press release says the report traced four China-linked routes in the supply chain, including scandium oxide shipped directly to Bloom's Delaware plant and scandium-bearing ceramics and powders routed through intermediaries in Thailand, Japan and South Korea. It says Bloom Energy stock fell nearly 6% after the report, according to the complaint.
The press release does not include a response from Bloom Energy or the named executives.
Robbins Geller also used the release to promote its securities litigation practice, saying the firm ranked No. 1 on the most recent ISS Securities Class Action Services Top 50 Report and recovered more than $916 million for investors in 2025. It said it recovered $8.4 billion for investors over the past five years.
Investors who want to seek lead-plaintiff status must act by the Sept. 28 deadline identified in the release.
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Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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