Overview
Bloom Energy Inc. saw its stock climb 6% on Thursday morning following a company statement that rejected claims contained in a short-seller report. The firm dismissed the allegations as inaccurate and reiterated confidence in its published financial disclosures.
The dispute
The contested report was published on July 8, 2026, by Hunterbrook Media LLC, an outlet that disclosed it may hold positions that would benefit from a decline in Bloom Energy's share price. In response, Bloom Energy said the report's assertions about its financial results and accounting practices were "false and misleading." The company affirmed it stands behind the accuracy of its audited financial statements and directed investors to review its most recent Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission.
Scandium oxide and supply-chain statements
A portion of the short-seller claims related to scandium oxide, a material Bloom uses in its fuel-cell products. In its rebuttal, Bloom Energy said it currently has sufficient scandium oxide supply to meet both present fuel cell demand and its backlog. The company also stated that its scandium oxide supply is not dependent on China, and asserted it does not rely on China to scale scandium oxide production to meet future demand growth.
Production capacity visibility
Bloom Energy added that it has visibility into its supply chain to support production of 25 gigawatts of fuel cells per year and that it intends to expand that capacity. The statement frames the company as confident in both near-term supply availability and plans for scaling production.
Contextual note
The company's public rebuttal follows the short-seller publication and precedes any potential follow-up reporting or investor reactions. The stock movement on Thursday morning reflected investor response to Bloom Energy's denial of the report's allegations.