On July 16, Bloom Energy declined 4.55% in regular trading, trading at $223.745/share, with turnover of $115 million.

On the news front, the lingering impact of short seller Hunterbrook's report continues to weigh on the stock. The report alleged that Bloom Energy's 5GW annual production capacity would require approximately 220 tons of scandium oxide — nearly the entire global annual supply of 240 tons. Multiple law firms have since initiated securities fraud investigations, and market concerns over the company's long-term expansion feasibility and supply chain stability remain unresolved.

Despite supportive analyst coverage — RBC noted the short report \"relies on dated reference material\" and that usage estimates are \"likely overstated,\" while UBS maintained a buy rating with a $350 price target — selling pressure dominated as the bull-bear battle intensified. Separately, Industrial Development Fund and Oaktree Capital announced a $1.7 billion investment in Bloom Energy fuel cells for Nebius AI infrastructure expansion, though the positive catalyst was insufficient to offset ongoing short-side momentum.

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