On July 15, Bloom Energy declined 3.3% in regular trading, trading at approximately $237.12 per share, with turnover of $2.22 billion.

The decline reflects continued fallout from short-seller Hunterbrook's report alleging that the company's 5GW annual production capacity would require approximately 220 tons of scandium oxide — nearly equal to the global annual supply of 240 tons. Multiple law firms have since launched securities fraud investigations into the company, keeping investor concerns over long-term expansion feasibility and supply chain stability elevated.

While RBC earlier defended Bloom Energy, stating the short report relied on outdated references and likely overstated scandium usage estimates, and UBS maintained its buy rating with a $350 price target, the unresolved questions surrounding raw material sourcing and the escalating legal scrutiny continued to weigh on sentiment during regular trading hours. The company had previously filed with the SEC rejecting the allegations as false and misleading, asserting supply chain visibility to support 25GW annual production without dependence on China.

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