Then the cracks started, and Bloom Energy stock plunged 32% in July according to data provided by S&P Global Market Intelligence. Why Bloom Energy stock crashedThe main catalyst for the slide arrived on July 8 when short-seller Hunterbrook Media published a scathing investigative report titled "Bloom's Big Lie", accusing the company of relying on China for scandium contrary to the CEO KR Sridhar's claims. The report claimed that one of the leading global scandium oxide suppliers, Hunan Oriental Scandium, had told Hunterbrook that it is the largest scandium supplier for Bloom Energy. Time to buy Bloom Energy stock on the dip? Bloom Energy stock clawed back some ground by the end of July after the company reported second-quarter earnings.