On July 16, Bloom Energy declined 3.48% in pre-market trading, trading at approximately $231.0 per share, with turnover of $1.4566 million.

The decline reflects continued pressure from the aftermath of a short seller report by Hunterbrook Capital, which alleged that Bloom Energy's 5-gigawatt annual production capacity would require approximately 220 tons of scandium oxide — nearly the entire estimated global annual supply of 240 tons. Multiple law firms have since launched securities fraud investigations, and market concerns over the company's long-term capacity expansion feasibility and supply chain stability remain unresolved.

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

(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.)