"Bloom Energy stock tanks as short seller calls for its demise" (BE)

Bloom was last seen in April 19's  "Checking in with The Fly—'New Plan of Attack: Buy All the IPOs'":

We usually visit Le Fly during market breaks to observe unmedicated bipolar disturbance in its natural habitat, markets.
Today however we wanted to see how he was reacting to the eerie calm we've seen this week.
And after the jumps an old nemesis, Bloom Energy.....

....And then the one that got my attention: 
Fly Buy: $BE

Hey, that's Bloom Energy! We know Bloom Energy. We don't care for Bloom Energy.
The company came public last July at $15.00, popped 30% on the first day and went higher from there:

 

FinViz

And then collapsed.
However, we're no (anti) Bloomies come lately, no sirree. Our dislike goes back years. 
Here's a post from 2016:

More Silicon Valley Bullshit: Bloom Energy May Be Worth Less Than The VC Cash It Has Raised

And a few more:
Anyone keeping tabs would have been tipped as early as 2008 and definitely by the time we posted:

May, 2010
The Company you Keep: "Bloom, Fisker and Serious Materials Raising Cash from Advanced Equities"

November 2012 
Phi Scamma Jamma: Late Stage VC Investor Advanced Equities Shutting Down (Bloom; Fisker etc.)
Bloom Energy on 60 Minutes: "Can You Believe the Hype" (BLDP; FCEL; PLUG; GE; SI)
Is the Bloom Energy Payback Period 15 Years?
Fortune Exclusive: Bloom Energy's Earnings
Things have changed since Kleiner Perkins Orchestrated the hype machine back in February 2010....

And many more, use the 'search blog' box if interested. 

And the latest from MarketWatch, September 18:

Bloom become a ‘dead’ unicorn, Hindenburg Research says; Bloom says says Hindenburg report contains ‘factual inaccuracies’

Shares of Bloom Energy Corp. careened toward a record low Tuesday after a short seller said it uncovered billions in liabilities and called the clean-energy company an “obvious bankruptcy candidate.”

Bloom Energy BE, -0.76%  stock fell as much as 26% to all-time intraday low of $3.10, before paring losses to close down 21% at $3.31. It has lost 90% from a Sept. 26, 2018 high of $35.80, and is 80% lower than its July 2018 initial public offering price of $15.

Short seller Hindenburg Research said it found an estimated $2.2 billion in undisclosed serving liabilities.

“Bloom’s tricky accounting allows it to mask servicing costs and shift write-downs to other periods, thereby avoiding recognizing major recent additional losses,” Hindenburg said in a research note. “We believe that large debt maturities in 2020 and 2021, amounting to nearly $520 million, make Bloom Energy an obvious bankruptcy candidate.”

The company “will become yet another tombstone in the Silicon Valley cemetery of dead unicorns,” Hindenburg said.

Bloom Energy responded by stating in a release Wednesday the Hindenburg report contained “factual inaccuracies, misleading allegations and drew erroneous conclusions,” including about the future viability of the company....

...MORE