Kaplan Fox says Bloom Energy investors have until Sept. 28 to seek lead plaintiff in a securities class action tied to its scandium supply.
Kaplan Fox & Kilsheimer LLP said Aug. 14 that a securities class action has been filed against Bloom Energy Corp. (NYSE: BE) over statements about the company's supply of scandium.
The suit covers investors who purchased or otherwise acquired Bloom Energy securities from Feb. 27, 2025, through July 8, 2026. Investors who want to serve as lead plaintiff, the court-appointed representative for the proposed class, have until Sept. 28, 2026, to move the court. Seeking that role is not required to share in any possible recovery, the firm said.
The complaint centers on a report that Hunterbrook Media published July 8 at about 1 p.m. EST. The report said Bloom relies on Chinese scandium, citing global trade data, Chinese corporate filings, satellite imagery, and the outlet's messages with Bloom's suppliers in China. The complaint alleges that Bloom obtained scandium through intermediaries who sourced the metal from China, and that the company understated the extent of its reliance on scandium from China.
Kaplan Fox said the defendants made false or misleading statements and failed to disclose those facts during the class period. The firm, founded in 1956, said it has recovered more than $10 billion for clients and the classes it has represented in securities and antitrust cases. Investors can reach Philip Mayer at pmayer@kaplanfox.com or (646) 315-9003.
On AlphaScala, Bloom carries an Alpha Score of 46 out of 100, with a Mixed label. The stock sits in the Industrials sector.
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