Bloom Energy Faces Class Action Over Alleged Chinese Supply Chain Ties

The complaint, brought by law firm Levi & Korsinsky, LLP, targets the period between February 27, 2025, and July 8, 2026. Plaintiffs allege that Bloom Energy shares traded at artificially inflated levels because the company publicly claimed to have no significant exposure to China. According to the lawsuit, these representations lacked a reasonable basis, as the firm allegedly obtained scandium through intermediaries in Thailand, Japan, and South Korea, as well as direct shipments of scandium oxide to a Delaware facility.

The scrutiny intensified following a report by Hunterbrook Media titled "Bloom's Big Lie," which utilized satellite imagery, corporate filings, and supplier communications to map the company’s supply chain. The report cited a representative from Hunan Oriental Scandium who identified their firm as Bloom Energy's primary supplier of the metal. On the day the report was published, Bloom Energy stock fell $15.28 per share, closing at $254.29 on unusually high volume. Shareholders who purchased stock during the class period have until September 28, 2026, to seek appointment as lead plaintiff in the case.