On July 13, Bloom Energy declined 5.78% in regular trading, trading at approximately $240.16 per share, with turnover of $1.99 billion. The stock continued to face selling pressure as the aftermath of a short seller report weighed on investor sentiment.

Short-selling firm Hunterbrook previously published a report questioning whether Bloom Energy's 5GW annual production capacity would require approximately 220 metric tons of scandium oxide — nearly the entire global annual supply of 240 tons. The report also raised doubts about the company's revenue growth trajectory and the permitting progress of its core Oracle customer project. Although Bloom Energy filed documents with the SEC rejecting the allegations, stating its supply chain is not dependent on China and can support 25GW of annual fuel cell production, market concerns over long-term scaling feasibility have not fully dissipated.

UBS maintained its buy rating and $350 price target, calling the stock an attractive opportunity and noting that scandium sourcing concerns are overstated, emphasizing the company's diversified supply network with meaningful redundancy. Nevertheless, investor anxiety persists, keeping the stock under pressure following a 9.31% decline on July 10.

(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.)