The class action, Nevins v. Bloom Energy Corporation, filed in the Northern District of California, accuses the energy firm and its top executives of violating the Securities Exchange Act of 1934. According to the complaint, the company allegedly misled shareholders regarding its supply chain, specifically failing to disclose that its critical scandium supply—essential for stabilizing ceramic electrolytes in solid oxide fuel cells—was sourced through intermediaries from China.

The scrutiny intensified on July 8, 2026, when Hunterbrook Media released a report titled "Bloom's Big Lie." The investigation claimed to trace four distinct supply routes involving Chinese scandium, including direct shipments to the company’s Delaware plant and indirect flows through Thailand, Japan, and South Korea. Following the report’s publication, Bloom Energy stock prices dropped approximately 6%. The law firm Robbins Geller Rudman & Dowd LLP is now coordinating the search for a lead plaintiff to represent the interests of those who suffered financial losses during the specified class period.