Bloom Energy Corporation (NYSE:BE) shares are in the spotlight Monday following a volatile week that included two separate short-seller reports and a wave of analyst commentary.
- Bloom Energy shares are sliding. Why is BE stock falling?
The Short Reports
Hunterbrook Media published an investigation on July 8 alleging Bloom Energy remains heavily dependent on China for scandium, a critical material used in its fuel cells — despite repeated statements from Bloom management denying any China-dependent supply chain.
The report also questioned whether the company can realistically scale production to its stated goal of 5 gigawatts annually, arguing that level of output would require roughly 220 tons of scandium oxide — close to projected global annual supply.
Bloom Energy pushed back forcefully against the Hunterbrook report, calling its allegations “false and misleading” and reaffirming the integrity of its audited financial statements. The company said it has clear visibility into its supply chain to support 25 gigawatts of annual fuel cell production and is not dependent on China to scale scandium oxide supply for future demand growth.
Separately, Crossroads Capital also disclosed a short position in Bloom Energy last week, expecting a repricing of the shares.
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price target of $259.50. Recent analyst moves include:
- Susquehanna: Positive (Raises Target to $298.00) (July 10)
- Baird: Outperform (Maintains Target to $310.00) (July 9)
- Jefferies: Hold (Raises Target to $246.00) (July 6)
Bloom Energy Shares Fall
BE Price Action: At the time of publication, Bloom shares are trading 5.83% lower at $230.34, according to data from Benzinga Pro.
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