On July 21, Bloom Energy rose 4.2% in pre-market trading, trading at approximately $206.70 per share, with turnover of $2.53 million. The stock is rebounding from consecutive sessions of pressure triggered by a short seller report from Hunterbrook, which alleged the company's 5GW annual production capacity would require approximately 220 tons of scandium oxide — near the global annual supply total.

Multiple institutional voices have emerged in defense of the stock. UBS maintained its buy rating and $350 price target, stating that scandium supply concerns are overstated and that Bloom has developed a robust, diversified procurement strategy. RBC noted that the short report relies on outdated reference material and fails to appreciate that the company has reduced its dependency on the mineral through patents and technical improvements. RBC concluded there is enough evidence to suggest that short report estimates are likely overstated.

On the fundamental side, the company recently secured a $1.7 billion investment from Industrial Development Fund and Oaktree Capital for fuel cell deployment supporting Nebius AI infrastructure, while its partnership with Brookfield expanded to $25 billion for AI power solutions. Bloom's next earnings report is expected on July 28.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)