Bloom Energy Shares Rally Premarket After Short Seller Alleges Chinese Scandium Dependency
BE•Bloom Energy’s shares rose in premarket trading after Hunterbrook Capital alleged the company hid its reliance on Chinese scandium suppliers. Bloom Energy is reviewing the report and emphasized its diversified global supply chain in its defense.
1. Short-Seller Allegations
Hunterbrook Capital published a report claiming Bloom Energy concealed significant dependence on Chinese suppliers for scandium, a key component in its solid oxide fuel cell technology.
2. Company Response
Bloom Energy announced it is reviewing the allegations and reiterated that its supply chain spans multiple countries, asserting no single-source risk.
3. Market Reaction
Following the report, Bloom Energy shares climbed in premarket trading as retail investors labeled the short-seller’s claims manipulation, boosting buying interest.
