
BE DEADLINE NOTICE: Faruqi & Faruqi, LLP Reminds Bloom Energy (BE) Investors of Securities Class Action Lawsuit Deadline on September 28, 2026
PRNewsWire
Published: Sep 04, 2026, 12:25 PM
Sentiment Analysis
Faruqi & Faruqi, LLP , a leading national securities law firm, is investigating potential claims against Bloom Energy Corporation ("Bloom Energy" or the "Company") (NYSE: BE ) and reminds investors of the September 28, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
The complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that Bloom Energy obtained scandium through intermediaries who sourced the metal from China; (2) that, as a result, the Company understated the extent to which it relied on scandium from China; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On July 8, 2026, at approximately 1:00 p.m. EDT, Hunterbrook Media published a report alleging, among other things, that "Bloom is, in fact, reliant on Chinese scandium, according to global trade data, Chinese corporate filings, satellite imagery, and Hunterbrook's messages with Bloom's suppliers in China." The report states "Hunterbrook traced four separate China-linked routes into Bloom's supply chain — scandium oxide shipped directly to its Delaware plant, plus scandium-bearing ceramics and powders flowing through intermediaries in Thailand, Japan, and South Korea." On this news, Bloom's stock price fell $15.28, or 5.7%, to close at $254.29 per share on July 8, 2026, thereby injuring investors.
The lawsuit alleges that Bloom Energy and certain executives made false or misleading statements about the Company's supply chain during the Class Period. Specifically, the complaint claims Bloom understated its reliance on scandium sourced from China by obtaining the metal through intermediaries, making its public statements about its business, operations, and prospects materially misleading.
Source: PRNewsWire
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