Bloom Energy Corporation Class Action Lawsuit - BE

Company: Bloom Energy Corporation

Ticker: (NYSE) BE

Days Left

Lead Plaintiff Deadline: September 28, 2026

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Certification of Plaintiff Pursuant to Federal Securities Laws

I, duly certify and say, as to the claims asserted under the federal securities laws, that:

1. I have reviewed a complaint filed in the action.

2. I did not purchase the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this action.

3. I am willing to serve as a representative party on behalf of the class, including providing testimony at deposition and trial, if necessary.

4. My transaction(s) in Bloom Energy Corporation which are the subject of this litigation during the class period set forth in the complaint are set forth in the chart attached hereto.

5. Within the last 3 years,

I have not sought to serve nor have I served as a class representative in any federal securities fraud case.
I have sought to serve as a class representative in

6. I will not accept any payment for serving as a representative party on behalf of the class beyond the Plaintiff's pro rata share of any recovery, except as ordered or approved by the court, including any award for reasonable costs and expenses (including lost wages) directly relating to the representation of the class.

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Yes. I certify under penalty of perjury that the foregoing is true and correct. Executed this
No. I certify under penalty of perjury under the laws of the United States of America that the foregoing is true and correct. Executed this

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

By your signature above, you confirm that have retained Levi & Korsinsky, LLP to represent you and the shareholder class as a lead plaintiff in the pending class action against Bloom Energy Corporation. This representation will be on a contingency basis, meaning that Levi & Korsinsky will advance all expenses in the litigation and will only seek compensation and/or reimbursement of expenses if the firm obtains a recovery. Regardless of the result, we will never ask you to directly pay for any attorneys’ fees, expenses, or costs. Should we obtain a favorable result, we may ask the court to award us compensation and reimbursement of expenses to be paid by the defendants or as a portion of any class recovery. In exchange for our representation, you agree to cooperate as our client by providing, for example, relevant documents and deposition testimony, if necessary. During the course of this litigation, we may employ and/or work with other law firms, experts, and third-parties to successfully prosecute this action. If you are not appointed as the lead plaintiff or Levi & Korsinsky is not appointed as lead counsel, we will notify you of such decision at which time this representation will end unless otherwise extended by you and the firm. We look forward to working with you towards a successful resolution of this action.

I have reviewed the complaint linked in paragraph 1

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Class Period

Begins

Feb 2025

Ends

Jul 2026

February 27, 2025 - July 08, 2026

Allegations

The filed complaint alleges that Bloom Energy Corporation made materially false and/or misleading statements and/or failed 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.

Eligibility

In order to be eligible to join the BE class action lawsuit, you must have incurred a loss on shares of Bloom Energy Corporation purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Bloom Energy Corporation during the relevant time frame, you have until September 28, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bloom Energy CorporationClass Action Lawsuit Details

Key Facts About Bloom Energy Corporation (NYSE: BE)

● The Allegation: The complaint alleges Bloom Energy repeatedly told investors its supply chain was not dependent on China, including for scandium, while allegedly obtaining scandium through intermediaries that sourced the metal from China.

● The Stock Drop: BE fell $15.28, or 5.7%, to close at $254.29 per share on July 8, 2026, after Hunterbrook Media published a report alleging China-linked routes into Bloom Energy's scandium supply chain.

● Class Period & Defendants: The class period runs from February 27, 2025 through July 8, 2026, inclusive. The named defendants are Bloom Energy Corporation, KR Sridhar (Chief Executive Officer), Simon Edwards (Chief Financial Officer since April 13, 2026), Maciej Kurzymski (Acting Principal Financial Officer from May 2, 2025 until April 12, 2026), and Daniel Berenbaum (Chief Financial Officer from April 29, 2024 until May 1, 2025).

● Lead Plaintiff Deadline: September 28, 2026. This deadline applies only to investors seeking appointment as lead plaintiff. No action is required before the deadline to remain a potential class member.

Bloom Energy Class Action Summary
Company	Bloom Energy Corporation (NYSE: BE)
Lead Plaintiff Deadline	September 28, 2026
Class Period	February 27, 2025 - July 8, 2026
Stock Drop	July 8, 2026 - BE fell $15.28 (5.7%) to $254.29

Introduction

A securities class action lawsuit has been filed against Bloom Energy Corporation and certain executives. The lawsuit seeks to represent investors who purchased or otherwise acquired Bloom Energy securities from February 27, 2025 through July 8, 2026.

The complaint alleges defendants made materially false and misleading statements about Bloom Energy's exposure to China. Investors were told the company was not dependent on China, including for scandium used in its fuel cells.

According to the complaint, Hunterbrook Media later alleged that Bloom Energy relied on Chinese scandium through several routes. After that report, BE fell $15.28, or 5.7%, to close at $254.29 per share.

Company Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. The complaint states that scandium, a rare earth metal, is used as a dopant to stabilize the zirconia-based ceramic electrolyte in the company's solid oxide fuel cells.

Class Period

February 27, 2025 - July 8, 2026

Investors who purchased or acquired Bloom Energy Corporation (BE) securities during the Class Period may be eligible to seek recovery under the federal securities laws.

Allegations

The complaint alleges that Bloom Energy and its senior executives made materially false and misleading statements about the company's supply chain during the Class Period. The central issue is scandium, a rare earth metal used in Bloom Energy's solid oxide fuel cells. Plaintiffs allege the company publicly minimized or denied China exposure while obtaining scandium through intermediaries who sourced the metal from China.

The alleged misstatements began on February 27, 2025, when Bloom Energy hosted an earnings call for its fourth quarter and full year 2024 results. Chief Executive Officer KR Sridhar stated that the company was "not dependent on China for a supply chain." Bloom Energy's Form 10-K filed the same day stated that its "supply chain does not have significant exposure to China" and repeated that China exposure was not significant even while discussing tariffs, trade tensions, and supply constraints.

The complaint cites further statements on April 30, 2025, when Sridhar told investors that Bloom Energy imported materials and components from abroad, "but not from China," and said "there is no China supply chain for us." He also stated, "we are not dependent on China for scandium." The company's Form 10-Q filed that day stated that its "supply chain is not dependent on China." Later SEC filings on July 31, 2025, October 28, 2025, and February 5, 2026 repeated similar supply chain representations, while the October and February filings added that China supplied rare earth metals or compounds used in tier 2 and tier 3 sub-assembly suppliers.

Plaintiffs also point to public comments outside SEC filings. In a September 12, 2025 Semafor interview, Sridhar allegedly said Bloom Energy had decided in 2004 not to depend on a Chinese supply chain. In a June 10, 2026 Wall Street Journal video interview, Sridhar responded "yes" when asked whether China was a notable country the company was not sourcing from, and said Bloom Energy had avoided China since 2005. The complaint alleges these statements failed to disclose that Bloom Energy obtained scandium through intermediaries who sourced from China, understated the company's China reliance, and lacked a reasonable basis.

The Truth Emerges

Hunterbrook Media published a report on July 8, 2026 titled "Bloom's Big Lie." According to the complaint, the report alleged that Bloom Energy was "reliant on Chinese scandium" based on global trade data, Chinese corporate filings, satellite imagery, and communications with Bloom Energy suppliers in China. Hunterbrook claimed it traced four separate China-linked routes into Bloom Energy's supply chain, including scandium oxide shipped directly to the company's Delaware plant and scandium-bearing ceramics and powders moving through Thailand, Japan, and South Korea.

The report allegedly identified Hunan Oriental Scandium as a major Chinese scandium producer and quoted a representative saying, "We are also BE's largest supplier of scandium." Hunterbrook also claimed trade data showed Hunan Oriental shipped scandium oxide directly to Bloom Energy in Newark, Delaware at least four times between August 2023 and May 2024. According to plaintiffs, those claims directly contradicted Bloom Energy's repeated statements that it did not have a China supply chain and was not dependent on China for scandium.

The complaint states that Hunterbrook described additional intermediary routes involving suppliers in Thailand, Japan, and South Korea. The report also cited energy industry experts and scandium suppliers to support its claim that a large portion of Bloom Energy's scandium supply still originated in China, even if routed through other countries. Plaintiffs allege these disclosures revealed the supply chain risk that defendants had concealed from investors.

Market Reaction

Following the Hunterbrook Media report on July 8, 2026, Bloom Energy's stock price fell $15.28, or 5.7%, to close at $254.29 per share. The complaint states that the decline occurred on unusually heavy trading volume.

Plaintiffs allege the drop reflected the market's reaction to the revelation that Bloom Energy may have relied on Chinese scandium despite repeated assurances that its supply chain was not dependent on China. The complaint also states that Bloom Energy's share price had closed at a Class Period high of $345.85 per share on June 22, 2026.

Next Steps

● Lead Plaintiff Deadline: September 28, 2026

● After the lead plaintiff deadline, the Court will consider any lead plaintiff motions.

● Defendants may file a motion to dismiss.

● If the case proceeds, the Court may later consider class certification.

Disclaimer: This shareholder alert is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for personalized guidance. No specific outcomes are guaranteed.