Why Bloom Energy Stock Crashed in July

Bloom Energy stock plunged 32% in July after short-seller Hunterbrook Media published a report accusing the company of relying on China for scandium, contradicting management's claims of supply chain independence. Despite the controversy and subsequent class action lawsuits, Bloom Energy reported strong Q2 earnings with 166% revenue growth and raised full-year guidance to $3.9-4.2 billion, demonstrating the underlying business remains solid amid AI data center demand.