Robbins LLP Reminds Investors That a Securities Class Action was Filed Against Bloom Energy Corporation After the Company Revealed How Much It Relied on Scandium from China

San Diego, California--(Newsfile Corp. - September 8, 2026) - Robbins LLP reminds investors that a securities class action has been filed on behalf of all persons and entities that purchased or otherwise acquired Bloom Energy Corporation (NYSE: BE) securities between February 27, 2025 and July 8, 2026 (the "Class Period"). Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. Scandium is a rare earth metal used as a dopant to stabilize the zirconia-based ceramic electrolyte in the Company's solid oxide fuel cells.

The lawsuit alleges that Bloom Energy misled investors regarding the source of its materials.

Investors who suffered losses during the Class Period may have legal rights. The deadline to seek appointment as lead plaintiff is September 28, 2026.

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Why Was Bloom Energy Sued?

According to the complaint, Bloom Energy described the Company's supply chain as not being dependent on China. The lawsuit alleges that Bloom Energy and certain defendants failed to adequately disclose that the Company was in fact reliant on Chinese scandium.

According to plaintiff, defendants failed to disclose that:

1. Bloom Energy obtained scandium through intermediaries who sourced the metal from China;
2. the Company understated the extent to which it relied on scandium from China; and
3. as a result, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

What Did Bloom Energy Say About its Reliance on China

The complaint alleges that several times during the class period, defendants reiterated that Bloom Energy was not reliant on China. Specifically:

February 27, 2025 - Bloom Energy stated in its annual report for the fiscal year ended December 31, 2024 on a Form 10-K filed with the SEC that the Company's "supply chain does not have significant exposure to China."

April 30, 2025 - on an earnings call in connection with the Company's first quarter 2025 financial results, defendant Sridhar stated that "there is no China supply chain for us" and "we are not dependent on China for scandium."

July 31, 2025 - Bloom Energy stated in its quarterly report for the period ended June 30, 2025 on a Form 10-Q filed with the SEC that the Company's "supply chain does not have significant exposure to China."

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