On July 20, Bloom Energy declined 3.1% in regular trading, trading around $203.16/share, with turnover of approximately $405 million.

The decline reflects ongoing pressure from short seller Hunterbrook's earlier report, which 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 scaling feasibility and supply chain stability remain unresolved.

Despite supportive developments — including a $1.7 billion investment from Industrial Development Fund and Oaktree Capital for Bloom's fuel cells powering Nebius AI infrastructure, RBC's assessment that the short report relies on outdated materials, and UBS maintaining a Buy rating with a $350 target — bearish sentiment continues to dominate, with shares extending their recent pattern of repeated downward pressure.

(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.)