Bloom Energy Corp (NYSE:BE) shares are trading higher Thursday morning after the company rejected a Wednesday short report from Hunterbrook Media, escalating its response after previously telling Benzinga on Wednesday that it was reviewing the report and planned to "correct the record." Here’s what investors need to know.
- Bloom Energy stock is among today’s top performers. Why are BE shares rallying?
Bloom Energy Rejects Hunterbrook Report
Bloom pushed back on the report’s claims about its financial results and accounting, calling them "false and misleading." The company said it stands behind the accuracy and integrity of its audited financial statements and financial reporting, and directed investors to its most recent Forms 10-K and 10-Q filed with the SEC.
Bloom also disputed Hunterbrook’s conclusions about scandium oxide, a material used in Bloom’s fuel cells. The company said it has enough scandium oxide supply to meet current fuel cell demand and backlog, and said its supply is not dependent on China.
Bloom added that it is not dependent on China to scale scandium oxide supply for future demand growth. The company said it has clear visibility into its supply chain to support production of 25GW of fuel cells per year and plans to continue expanding capacity.
Hunterbrook Questions Bloom Energy’s Scandium Supply Chain
Hunterbrook Media’s report questioned CEO KR Sridhar’s prior statements that Bloom is not dependent on China for scandium. Hunterbrook Capital also disclosed that it holds a short position in Bloom Energy stock.
A central part of the report is a supply-demand model that flags a potential deficit in fuel-cell-grade scandium oxide. Hunterbrook estimated Bloom alone would need roughly 220 tons to support 5 gigawatts of production expectations modeled by Wall Street, compared with about 240 tons of projected global supply.
Bloom Energy Says It Will Correct The Record
Before Thursday’s formal response, Bloom Energy told Benzinga on Wednesday that it was aware of the report "published by a media outlet affiliated with an investment firm that has disclosed it may hold positions designed to profit from a decline in Bloom’s stock," and said it planned to issue a response.
"We are reviewing the report and will correct the record. Bloom’s fuel cell platform is supported by a diversified, multi-country supply chain built over two decades, long-standing commercial relationships, and proprietary materials-recovery technology, as described in our public filings and our July 7 blog post on scandium oxide," a Bloom Energy spokesperson said.
Critical Price Levels To Watch For BE
From a trend perspective, the stock is still extended on the longer view after a 785.72% run over the past 12 months, and it’s trading 20.3% above the 100-day SMA ($222.79) and 59.7% above the 200-day SMA ($167.78). At the same time, it’s sitting 5.7% below the 20-day SMA ($284.22) and 4.9% below the 50-day SMA ($281.73), which frames the current bounce as a test of whether the pullback is ending or just pausing.
Momentum is the main question mark: MACD is below its signal line and the histogram is negative, which points to upside pressure cooling versus the prior upswing unless buyers can force a reset back above that baseline. Zooming out, the chart has seen big inflection points recently, including a 52-week high and swing high in June and a swing low in April, so traders are watching whether the post-June volatility resolves back upward or turns into a deeper consolidation.
- Key Resistance : $303.00 — a nearby round-number area where rebounds can stall, especially with price still below the 20-day and 50-day averages
- Key Support : $247.50 — a nearby level that lines up with a recent pivot zone below current price, where buyers previously showed up
How Bloom Energy Operates In Power Generation
Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation. Its Bloom Energy Servers are fuel-flexible—able to run on natural gas, biogas, and hydrogen—to deliver 24/7 electricity for stationary uses in the U.S. and internationally.
That business model makes supply-chain credibility a real swing factor for the stock, because materials sourcing can affect cost, delivery timelines, and the ability to scale deployments tied to large customer projects. In the report’s framing, questions around scandium sourcing and availability intersect with expectations for ramping production and fulfilling major backlog-driven builds.
Bloom Energy Earnings Preview for July 2026
Following last quarter’s results, investors are now tracking the path toward the next reporting date on July 28, 2026 (confirmed).
- EPS Estimate : 36 cents (Up from 10 cents YoY)
- Revenue Estimate : $804.17 million (Up from $401.24 million YoY)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $259.22. Recent analyst moves include:
- Baird : Outperform (Maintains Target to $310.00) (July 9)
- Jefferies : Hold (Raises Target to $246.00) (July 6)
- UBS : Buy (Raises Target to $350.00) (July 1)
Bloom Energy Benzinga Edge Scorecard Analysis
Below is the Benzinga Edge scorecard for Bloom Energy, highlighting its strengths and weaknesses compared to the broader market:
- Momentum : Bullish (Score: 99.63) — The stock is screening as a market leader on trend strength, consistent with its outsized longer-term run.
- Value : Weak (Score: 0.77) — The setup implies a premium-style valuation profile, where price is being driven more by growth expectations than traditional value metrics.
- Growth : Bullish (Score: 98.5) — Expectations are skewed toward expansion, which can amplify moves when news challenges (or confirms) the scaling narrative.
The Verdict: Bloom Energy’s Benzinga Edge signal reveals a classic High-Flyer setup—very strong momentum and growth, paired with very weak value. That mix can keep rallies powerful, but it also means headline-driven volatility (like supply-chain questions) can hit harder when sentiment shifts.
Bloom Energy Stock Price Movement Today
BE Stock Price Activity: Bloom Energy shares were up 6.77% at $271.50 during premarket trading on Thursday, according to Benzinga Pro data.
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