On July 13, Bloom Energy fell 5.53% in pre-market trading, trading at approximately $231.01/share, with turnover of $3.19 million. The decline reflects continued selling pressure stemming from a short seller report that has weighed on the stock over recent sessions.

Short-selling firm Hunterbrook previously published a report alleging that Bloom Energy's 5GW annual production capacity would require approximately 220 tons of scandium oxide, close to the global annual supply of 240 tons. The report also questioned the company's revenue growth trajectory and the permitting progress of its core Oracle project. Although Bloom Energy filed a rebuttal with the SEC stating it has sufficient scandium oxide supply to support 25GW of annual fuel cell production and that its supply chain is not dependent on China, market concerns over long-term scalability persist.

Notably, UBS maintained a Buy rating with a $350 price target, calling the supply concerns overstated and highlighting Bloom's diversified procurement strategy. Additionally, the company recently expanded its AI infrastructure partnership with Brookfield to $25 billion. However, the short report's lingering impact continues to suppress investor confidence ahead of the company's next earnings report 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.)