Key Moments
- Bloom Energy (NYSE:BE) stock increased 6% on Thursday morning after the company publicly rejected a short-seller report.
- The company called Hunterbrook Media LLC’s July 8, 2026 report on its financials and accounting “false and misleading” and pointed investors to its SEC filings.
- Bloom Energy said it has adequate scandium oxide supply, is not reliant on China for the material, and has supply chain visibility to support 25 gigawatts of annual fuel cell production.
Market Reaction
Bloom Energy (NYSE:BE) saw its shares rise 6% on Thursday morning after the company issued a detailed response refuting claims from a recent short-seller report that questioned its finances and supply chain.
Response to Short-Seller Report
The fuel cell manufacturer responded to allegations published on July 8, 2026 by Hunterbrook Media LLC. The outlet disclosed that it may hold positions that would benefit if Bloom Energy’s share price declines.
Bloom Energy said that the report’s assertions about its financial performance and accounting practices are “false and misleading.” The company affirmed its confidence in the accuracy of its audited financial statements and directed investors to review its latest Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission.
Scandium Oxide Supply and China Exposure
The company also addressed specific claims related to scandium oxide, a material used in its fuel cells. Bloom Energy stated that it has sufficient scandium oxide to satisfy current fuel cell demand and its existing backlog. It further emphasized that its supply of scandium oxide is not dependent on China.
Bloom Energy added that it does not depend on China to increase scandium oxide availability for potential future growth in demand.
Production Capacity and Supply Chain Visibility
Bloom Energy said it has visibility into its supply chain that supports production of 25 gigawatts of fuel cells annually. The company also noted that it plans to expand this production capacity.
| Aspect | Company Statement |
|---|---|
| Stock price reaction | Shares rose 6% Thursday morning |
| Short-seller report source | Hunterbrook Media LLC (disclosed positions that could profit from a stock decline) |
| Financial and accounting claims | Described as “false and misleading”; company stands by audited financials and SEC filings |
| Scandium oxide supply | Sufficient for current demand and backlog; supply not dependent on China |
| Future supply scaling | Does not rely on China to scale scandium oxide for future demand growth |
| Production capacity visibility | Supply chain visibility for 25 gigawatts of annual fuel cell production, with plans to expand |
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