BE Shareholder Alert: Bloom Energy Corporation Securities Class Action Lawsuit - Investors Should Contact SueWallSt

Four current and former Bloom Energy officers, including CEO KR Sridhar, are named as individual defendants in a securities class action alleging the Company falsely told investors it had "no China supply chain" for scandium.

NEW YORK, Aug. 11, 2026 (GLOBE NEWSWIRE) -- SueWallSt alerts investors in Bloom Energy Corporation (NYSE: BE) that a securities class action has been filed on behalf of shareholders who purchased securities between February 27, 2025 and July 8, 2026. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt.

BE shares fell $15.28 per share, or 5.7%, to close at $254.29 on July 8, 2026, on unusually heavy volume. The window to apply for lead plaintiff closes on September 28, 2026.

The Named Individual Defendants

The action names Chief Executive Officer KR Sridhar, who held that role at all relevant times; Simon Edwards, Chief Financial Officer since April 13, 2026; Maciej Kurzymski, Acting Principal Financial Officer from May 2, 2025 until April 12, 2026; and Daniel Berenbaum, Chief Financial Officer from April 29, 2024 until May 1, 2025. Each is alleged to have possessed the power and authority to control the content of the Company's SEC reports, press releases, and presentations to analysts and institutional investors.

Section 20(a) Control Person Framework and SOX Certification Obligations

Beyond the Section 10(b) claims, the pleading asserts control person liability under Section 20(a) of the Exchange Act against each officer. Sarbanes-Oxley Sections 302 and 906 require the signing CEO and principal financial officer to personally certify that periodic reports do not contain untrue statements of material fact. The complaint charges that quarterly and annual filings signed during the Class Period stated that Bloom's "supply chain is not dependent on China" and "does not have significant exposure to China."

Alleged Control Person Liability

• Authority over the content of Forms 10-K and 10-Q describing the Company's sourcing of scandium and critical components
• Certification of periodic reports under Sarbanes-Oxley Sections 302 and 906
• Access to material non-public information regarding supplier relationships and shipping routes
• Ability to prevent or correct allegedly misleading statements prior to or shortly after issuance
• Oversight of public statements addressing exposure to Chinese export controls and U.S. tariffs
• Responsibility for guidance reflecting an expected gross margin impact of approximately one percent for fiscal year 2025 from tariffs

"Corporate officers have a duty to ensure their companies' public statements are accurate and complete. Where filings signed under Sarbanes-Oxley allegedly told shareholders the supply chain was not dependent on China, the accuracy of those certifications becomes central to the case." -- Joseph E. Levi, Esq.

As averred, the July 8, 2026 Hunterbrook Media report traced China-linked routes into Bloom's supply chain, including scandium oxide shipped directly to a Delaware facility and scandium-bearing materials moving through intermediaries in Thailand, Japan, and South Korea. The case is pending in the United States District Court for the Northern District of California.

Contact us to learn more about institutional recovery options or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the BE Lawsuit

Q: Who are the defendants named in the BE lawsuit? A: The complaint names Bloom Energy Corporation and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley: KR Sridhar, Simon Edwards, Maciej Kurzymski, and Daniel Berenbaum.

Q: What specific misstatements does the BE lawsuit allege? A: The complaint alleges Bloom Energy made materially false or misleading statements regarding its reliance on Chinese scandium and its exposure to China in its supply chain during the Class Period. When the July 8, 2026 report tracing China-linked supply routes was published, the stock price declined sharply.

Q: What court was the BE class action filed in? A: The case was filed in the United States District Court for the Northern District of California, governed by the Private Securities Litigation Reform Act of 1995.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What do BE investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact SueWallSt, a brand of Levi & Korsinsky LLP, for a no-cost, no-obligation evaluation at jlevi@levikorsinsky.com or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.

Q: What if I already sold my BE shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

jlevi@SueWallSt.com

Tel: (888) SueWallSt

Fax: (212) 363-7171

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