Investors who purchased Bloom Energy Corporation (NYSE: BE) securities between February 27, 2025, and July 8, 2026, must act by September 28, 2026, to seek appointment as lead plaintiff in the ongoing securities class action. Kaplan Fox & Kilsheimer LLP and The Rosen Law Firm have issued reminders urging shareholders to secure qualified representation before the court-imposed cutoff.

The case, captioned Nevins v. Bloom Energy Corporation (No. 26-cv-07944) in the United States District Court for the Northern District of California, alleges that Bloom Energy and certain executives misled the market about its reliance on Chinese scandium for solid oxide fuel cells. The complaint follows a July 8, 2026, report by Hunterbrook Media titled "Bloom’s Big Lie," which cited trade data and satellite imagery to claim dependence on Chinese sources. Bloom Energy’s stock fell $15.28, or 5.7%, to close at $254.29 per share on unusually heavy volume following the report.

Case Allegations and Background

The action contends that defendants failed to disclose that Bloom Energy obtained scandium through intermediaries who sourced the metal from China. The complaint alleges that these omissions made positive statements about the company’s business and operations materially misleading. Specifically, the filing challenges disclosures stating that Bloom’s "supply chain is not dependent on China" and "does not have significant exposure to China."

Named Defendants and Executive Roles

The complaint names Maciej Kurzymski, Bloom Energy’s Acting Principal Financial Officer from May 2, 2025, until April 12, 2026, as an individual defendant. Kurzymski held principal financial responsibility during the period covering quarterly reports for periods ended June 30, 2025, and September 30, 2025, and the annual report for fiscal year 2025 filed February 5, 2026.

Plaintiffs allege that filings during Kurzymski’s tenure stated that Bloom Energy’s "supply chain is not dependent on China," while the fiscal 2025 annual report added that the Company’s "supply chain does not have significant exposure to China." The October 28, 2025, quarterly report described China exposure as limited to "tier 2 and tier 3 sub-assembly suppliers." The complaint asserts these characterizations understated the Company’s alleged dependence on Chinese scandium. Individual defendants are alleged to be liable under Sections 10(b) and 20(a) of the Exchange Act.

Supply Chain Rerouting Allegations

The complaint details allegations that Bloom Energy rerouted its supply chain to mitigate U.S. tariff policies. A Chinese sensor supplier reportedly told the Shenzhen Stock Exchange in November 2025 that Bloom had begun changing its supply-chain process. This involved directing shipments not to the United States but to "other overseas suppliers," such as Kaori Heat Treatment in Taiwan and MTAR Technologies in India, who completed assembly before shipping to the U.S.

As pleaded, scandium reached Bloom’s U.S. operations along four China-linked routes:

• Scandium oxide shipped directly to the Newark, Delaware plant on at least four occasions between August 2023 and May 2024.
• Scandium-bearing ceramics and powders moving through intermediaries in Thailand, Japan, and South Korea.

A sales representative for Hunan Oriental Scandium was quoted in the Hunterbrook Media report stating, "We are also BE’s largest supplier of scandium."

Operational Sourcing Data

The complaint cites specific trade volumes to support allegations of understated dependence on Chinese material:

• More than 154 metric tons of ceramic electrolyte membranes shipped to Bloom from a Thailand-based subsidiary of a Chinese group between July 2024 and November 2025.
• Nearly 300 drums of "scandia" or "scandia-stabilized" powder received from a Japanese supplier whose corporate network includes a Chinese zirconium-compounds trading subsidiary.
• 127 billion won ($83 million) in 2025 purchases by a South Korean electrolyte materials supplier from its Chinese parent’s Hong Kong unit.
• More than 70% of Bloom’s temperature sensor purchases attributed to a single Chinese manufacturer over a roughly two-decade relationship.
• Approximately 50 billion won in expected Korean ceramic substrate production capacity tied to expanding Bloom orders.

Disclosure Gaps Alleged

The complaint challenges several alleged disclosure gaps in Bloom Energy’s periodic reports:

• Filings affirmatively stated the supply chain was "not dependent on China" rather than disclosing alleged indirect sourcing through intermediaries.
• Alleged sourcing of scandium-bearing ceramics and powders through Thailand, Japan, and South Korea was allegedly not sufficiently disclosed in risk factor language.
• Tariff and export-control risk was framed around "other countries where we do source materials," allegedly understating exposure to Beijing’s rare earth export controls.
• The stated adverse gross margin impact of approximately one percent for fiscal year 2025, against 29% margin guidance, allegedly reflected an incomplete picture of tariff exposure.
• Tier 2 and tier 3 framing allegedly did not address a supplier that described itself in a November 2025 Shenzhen Stock Exchange filing as accounting for more than 70% of Bloom’s purchases of a key sensor component.

Investor Action and Legal Representation

Under the Private Securities Litigation Reform Act of 1995, any investor who purchased or acquired Bloom Energy securities during the Class Period may seek appointment as lead plaintiff. The lead plaintiff is generally the movant with the greatest financial interest in the relief sought who is also typical and adequate of the putative class. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Multiple law firms are representing the class, including Kirby McInerney LLP, Bernstein Liebhard LLP, Robbins Geller Rudman & Dowd LLP, Schall, Brown & Schwartz LLP, Bragar Eagel & Squire, P.C., Kaplan Fox & Kilsheimer LLP, DJS Law Group, Levi & Korsinsky LLP, The Rosen Law Firm, Glancy Prongay Wolke & Rotter LLP, Pomerantz LLP, Faruqi & Faruqi, LLP, The Law Offices of Frank R. Cruz, Robbins LLP, Wolf Haldenstein Adler Freeman & Herz LLP, and The Portnoy Law Firm.

Rosen Law Firm Guidance

The Rosen Law Firm emphasizes that investors should select qualified counsel with a track record of success in leadership roles. The firm notes that many firms issuing notices do not actually handle securities class actions but act as middlemen referring clients. Rosen Law Firm represents investors globally, concentrating its practice in securities class actions and shareholder derivative litigation. The firm achieved the largest ever securities class action settlement against a Chinese Company and was ranked No. 1 by ISS Securities Class Action Services for number of settlements in 2017. It has been ranked in the top 4 each year since 2013, recovering billions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by Law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Kaplan Fox & Kilsheimer LLP Guidance

Kaplan Fox & Kilsheimer LLP announced that a class action lawsuit has been filed against Bloom Energy Corporation on behalf of investors who purchased or otherwise acquired Bloom Energy securities between February 27, 2025, and July 8, 2026. The firm emphasizes that if you are a member of the proposed Class, you may move the court no later than September 28, 2026, to serve as a lead plaintiff. Kaplan Fox notes that you need not seek to become a lead plaintiff in order to share in any possible recovery.

Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions nationwide, recovering more than $10 billion for clients. Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. The firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America, $800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.

Bernstein Liebhard LLP Guidance

Bernstein Liebhard LLP announced that a shareholder has filed a securities class action lawsuit on behalf of investors who purchased or acquired Bloom Energy securities during the Class Period. The firm emphasizes that all representation is on a contingency fee basis, meaning shareholders pay no fees or expenses unless a recovery is obtained. Since 1993, Bernstein Liebhard has recovered over $3.5 billion for its clients. The firm has been named to The National Law Journal’s "Plaintiffs’ Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years.

Levi & Korsinsky emphasized that eligibility is based on purchase date and documented losses, not on whether shares are still held. Glancy Prongay Wolke & Rotter LLP reminded investors of the September 28, 2026, deadline to file a lead plaintiff motion.

Robbins LLP stated it represents investors on a contingency fee basis and has helped restore more than $1 billion in value to shareholders. Founding Partner Brian J. Robbins emphasized the firm's focus on corporate governance and shareholder transparency.

The DJS Law Group stated its primary focus is to enhance investor return through balanced counseling and aggressive advocacy. The firm specializes in securities class actions, corporate governance litigation, and domestic/international M&A appraisals, serving large hedge funds and alternative asset managers.

Pomerantz LLP Guidance

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. Investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980 ext. 7980.

The Portnoy Law Firm advises investors to contact attorney Lesley F. Portnoy to discuss their legal rights. The firm notes that its founding partner has recovered over $5.5 billion for aggrieved investors. Investors can join the case via the firm's website or by calling 310-692-8883.

Schall, Brown & Schwartz LLP (SBS) emphasized its specialization in shareholder rights litigation and securities class actions. Founding partners Brian Schall, Andrew Brown, and David Schwartz stated the firm is dedicated to aggressively advocating for every investor. SBS noted that appointment as lead plaintiff is not required to partake in any recovery.

Robbins Geller Rudman & Dowd LLP highlighted its ranking as No. 1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks the firm's fourth No. 1 ranking in the past five years. Over those five years, Robbins Geller recovered $8.4 billion for investors, citing landmark cases including the $7.2 billion recovery in In re Enron Corp. Sec. Litig.

Faruqi & Faruqi, LLP Guidance

Faruqi & Faruqi, LLP, a leading national securities law firm with offices in New York, Pennsylvania, California, and Georgia, reminds investors of the September 28, 2026, deadline to seek the role of lead plaintiff. The firm, founded in 1995, has recovered hundreds of millions of dollars for investors. Senior Partner James (Josh) Wilson encourages investors who suffered losses in Bloom Energy to contact him directly to discuss their options. The firm also encourages anyone with information regarding Bloom Energy's conduct, including whistleblowers and former employees, to reach out.

Wolf Haldenstein Adler Freeman & Herz LLP Guidance

Wolf Haldenstein Adler Freeman & Herz LLP, a nationally recognized securities litigation law firm founded in 1888, informs investors that a securities class action lawsuit has been filed against Bloom Energy Corporation. The firm highlights over 125 years of legal expertise in protecting investor rights. Wolf Haldenstein encourages all investors affected by the alleged misrepresentations to contact them, noting there is no cost or obligation to speak with an attorney. The firm emphasizes that the lead-plaintiff deadline is set for September 28, 2026.

Bragar Eagel & Squire, P.C. Guidance

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announced that a class action lawsuit has been filed against Bloom Energy Corporation in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Bloom Energy securities between February 27, 2025, and July 8, 2026. The firm urges investors to apply to the Court to be appointed as lead plaintiff by September 28, 2026.

The complaint alleges that Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose that Bloom Energy obtained scandium through intermediaries who sourced the metal from China, thereby understating the extent to which it relied on scandium from China. As a result, positive statements about the Company’s business were allegedly materially misleading and/or lacked a reasonable basis.

Bragar Eagel & Squire represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information, investors may visit www.bespc.com . Attorney advertising. Prior results do not guarantee similar outcomes.

Investors interested in the case may contact:

• The Portnoy Law Firm: Lesley F. Portnoy at lesley@portnoylaw.com or 310-692-8883.
• Schall, Brown & Schwartz LLP: Brian Schall or David Schwartz at info@schallfirm.com or 310-301-3335.
• Levi & Korsinsky LLP (SueWallSt): Joseph E. Levi at jlevi@levikorsinsky.com or (212) 363-7500; or (888) SueWallSt.
• The Rosen Law Firm: Phillip Kim at case@rosenlegal.com or (866) 767-3653; Laurence Rosen at (212) 686-1060.
• Robbins Geller Rudman & Dowd LLP: Ken Dolitsky or Michael Albert at (800) 851-7783 or info@rgrdlaw.com .
• Kaplan Fox & Kilsheimer LLP: Pamela A. Mayer at pmayer@kaplanfox.com or (646) 315-9003; Laurence D. King at lking@kaplanfox.com or (415) 772-4704.
• Kirby McInerney LLP: Lauren Molinaro at investigations@kmllp.com or (212) 699-1171.
• Bernstein Liebhard LLP: Peter Allocco at pallocco@bernlieb.com or (212) 951-2030.
• Bragar Eagel & Squire, P.C.: Brandon Walker or Melissa Fortunato at investigations@bespc.com or (212) 355-4648.
• Glancy Prongay Wolke & Rotter LLP: Charles Linehan at shareholders@glancylaw.com or (310) 201-9150; Toll-Free: (888) 773-9224.
• Pomerantz LLP: Danielle Peyton at newaction@pomlaw.com or 646-581-9980 ext. 7980; or 888.4-POMLAW.
• Faruqi & Faruqi, LLP: James (Josh) Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310).
• The Law Offices of Frank R. Cruz: info@frankcruzlaw.com or 310-914-5007.
• Robbins LLP: Aaron Dumas, Jr. via email or (800) 350-6003.
• DJS Law Group: David J. Schwartz at David@djslawllp.com or 914-206-9742.
• Wolf Haldenstein Adler Freeman & Herz LLP: Gregory Stone at classmember@whafh.com or (800) 575-0735.

Bloom Energy Corp (NYSE: BE) shares rose 3.69% to $279.99 on Thursday, driven by a broader rebound in risk assets amid falling crude oil prices and retreating bond yields.

The rally followed two rough trading sessions for Wall Street. Investors returned to growth names as macro pressures eased after the Federal Reserve implemented its first rate hike in roughly three years. The move brought the federal funds rate to a fresh 3.75%-4% range, with Fed Chair Kevin Warsh and all voting FOMC members agreeing to the quarter-point increase.

Macro Tailwinds Support Valuation

WTI crude slipped 1.6% to $100.81 per barrel, while Brent fell 2.5% to $103.23, marking its lowest level in a week. These declines helped ease inflation concerns, reducing pressure on the Federal Reserve and encouraging capital flows into riskier assets.

Falling Treasury yields offered a more direct benefit to Bloom Energy. As a capital-intensive business still in its scaling phase, Bloom’s valuation relies heavily on future profits. Lower yields increase the present value of those future earnings. Additionally, reduced yields lower the cost of financing for ongoing expansion through debt or equity, creating a favorable macro backdrop for the company.

Sector Read-Throughs Boost Sentiment

Enthusiasm in the data center power sector was further fueled by developments among peers. Generac Holdings Inc (NYSE: GNRC) announced an arrangement linked to Amazon’s data center expansion. This grants Amazon’s investment arm the right to purchase up to roughly 1.7 million shares at just above $200 each. If fully exercised, this option could result in an $8 billion stake.

Vicor Corp (NASDAQ: VICR) also contributed to the sector rally by revealing a non-exclusive licensing deal for its Vertical Power Delivery technology. The hardware is designed to efficiently route power into demanding AI and networking chips.

Neither deal involves Bloom Energy directly. However, they serve as read-throughs for the broader market. The multibillion-dollar backup power agreement with Amazon and the AI chip power licensing deal point to surging hyperscaler demand for on-site power infrastructure. Investors view this trend as validating for fuel cell providers like Bloom Energy.

What the Numbers Show

The divergence between the Federal Reserve’s tightening cycle and the immediate market reaction highlights investor confidence in future yield reductions. While the central bank raised rates to a 3.75%-4% range, the simultaneous drop in bond yields below 5% suggests markets are pricing in a potential pause or reversal, directly benefiting high-duration assets like Bloom Energy.