Bloom Energy is facing a new class action lawsuit alleging it misstated its reliance on Chinese-sourced scandium. The complaint, filed in the Northern District of California, claims the company did not fully disclose supply chain exposure tied to scandium routed through intermediaries in Thailand, Japan, and South Korea. The legal action follows media reports tracing key scandium inputs in Bloom Energy's fuel cell systems back to Chinese suppliers. The lawsuit raises questions about potential financial penalties, higher compliance costs, and whether any finding of inadequate disclosure could affect relationships with large AI and cloud data center partners. Bloom Energy's stock, which trades under the ticker BE, is up 108.5% year to date but down 28.9% over the past month.
Bloom Energy CorpClass action lawsuit alleges misstated supply chain exposure to Chinese scandium, risking penalties and compliance costs.