Bloom Energy Corp's stock experienced a significant intraday decline of 9.31%, reflecting heightened investor concerns about the company's near-term prospects.

The sharp drop follows lingering skepticism from a recent short seller report that questioned Bloom Energy's scandium oxide supply chain adequacy for scaling production, with estimates suggesting the company's needs could nearly match global annual supply. Additionally, concerns persist about revenue quality, with a significant portion derived from a joint venture, and delays in key customer projects including Oracle's Jupiter project and American Electric Power's fuel cell order timeline.

Broader market factors also contributed to the selloff, including sensitivity to interest rate expectations that affect the cost of capital for Bloom's capital-intensive business model, as well as growing skepticism about the pace of the green hydrogen transition and the company's ability to execute on its backlog while managing margin compression from rising raw material costs.