On July 16, Bloom Energy Corp declined 3.13% in after-hours trading, trading at $231.58/share, with turnover of $5.98 million.

On the news front, the stock remains under pressure from the aftermath of short seller Hunterbrook's report, which alleged the company'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 long-term expansion feasibility and supply chain stability have not been fundamentally resolved.

Despite RBC issuing a note stating the short report relies on dated reference material and that usage estimates are likely overstated, and UBS maintaining a buy rating with a $350 price target, the intensifying bull-bear battle continues to pressure shares, extending the recent volatile pattern. The company previously filed with the SEC rejecting the allegations as false and misleading, stating its supply chain can support 25GW annual capacity.

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