On July 20, Bloom Energy Corp fell 3.26% in pre-market trading, trading at approximately $208.01/share, with turnover of $6.8647 million.

The decline reflects persistent pressure from the aftermath of a short seller report by Hunterbrook, which alleged that the company's 5GW annual production capacity would require approximately 220 metric tons of scandium oxide — nearly the entire global annual supply. Multiple law firms have since launched securities fraud investigations, and market concerns over long-term scaling feasibility and supply chain stability remain unresolved.

Despite prior supportive developments — including a $1.7 billion investment from the Industrial Development Fund and Oaktree Capital to power Nebius AI infrastructure, RBC noting the short report relies on outdated materials, and UBS maintaining a Buy rating with a $350 price target — bearish sentiment continues to dominate. The company had previously filed with the SEC rejecting the allegations as false and misleading, claiming clear visibility into supply chain capacity supporting 25GW of fuel cell production annually, but the stock has remained under sustained selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)